|
Claim:
A demand to recover a loss protected by an insurance policy.
Coverage:
A synonym for insurance indicating how much protection
the insurance provides. This may mean either the dollar amount purchased
or the type of loss covered.
Deductible:
The amount of money the policyholder agrees to pay toward
the total amount of an insured loss.
Exclusion: An event or loss that an insurance policy does not cover.
Homeowners insurance: Financial protection for your home and belongings.
Insurer: A company that provides insurance.
Liability: Legal obligations resulting from negligent acts resulting
in property damage or bodily injury.
Libel:
Any false or malicious written or printed statement that publicly ridicules
someone or damages their reputation.
Loss: The dollar amount of an insurance claim or the basis upon which
a claim is submitted.
Negligence: Carelessness or the failure to use a reasonable amount
of care when such a failure could result in an injury or damage to another.
Peril: The cause of a loss that is insured by the policy.
Policy limit: The most money the insurance company agrees to pay for
a specific loss.
Premium: The amount of money you pay to the insurance company in return
for insurance coverage.
Slander: Anything spoken about an individual that is false and malicious that
ridicules them or damages their reputation.
|
Auto
Insurance
Auto
Insurance
Previous