Insurance glossary
221 terms. Each one is defined in plain words, shown in practice, and worked through with an example. Nothing is defined using itself.
1
A
B
C
- Captive insurance
- Cargo insurance
- Cash value life insurance
- Catastrophe bond
- Certificate of insurance
- Claim
- Claims-free discount
- Claims-made policy
- Co-insurance
- Coinsurance
- Collision coverage
- Combined ratio
- Comprehensive coverage
- Contingent beneficiary
- Contingent business interruption
- Coordination of benefits
- Copay
- Crime insurance
- Cyber extortion coverage
D
E
- Earthquake retrofit
- Elevation certificate
- Elimination period
- Employment practices liability
- Endorsement
- EPLI (employment practices liability insurance)
- Equipment breakdown coverage
- ERISA bond
- Excess liability
- Excess of loss reinsurance
- Exclusion
- Experience modification rate
- Explanation of benefits
- Extended reporting period
F
G
H
I
K
L
M
N
O
P
- Paid-up additions
- Pay-per-mile insurance
- Per stirpes designation
- Per-occurrence limit
- Per-project aggregate
- Peril
- Permanent partial disability
- Permanent total disability
- Personal injury protection
- Physical damage coverage
- Policy lapse
- Policyholder surplus
- Pre-existing condition exclusion
- Premium
- Primary and noncontributory
- Prior acts coverage
- Private flood insurance
- Property damage liability