A | B | C | D | E | F | G | H | I | J-K | L | M | N | O | P | Q-R | S | T | U-V | W-Z Insurance Terms: J Jettison is an insurance term used in Marine Insurance to describe the act of throwing a ships cargo overboard in order to lighten the load in an effort to save the ship from sinking. Jettison is an insured peril when covered under the correct marine insurance coverage. Jewelers Block is an all risk insurance policy covering a wide … Continue reading
A | B | C | D | E | F | G | H | I | J-K | L | M | N | O | P | Q-R | S | T | U-V | W-Z Income Protection Insurance is a type of disability income coverage providing an income benefit both, during the time the insured policyholder is totally disabled and unable to work. But also offers coverage when an insured policyholder is able to work, but due to a disability the policyholders earning are less than then before the disability. This is also called residual disability … Continue reading
A | B | C | D | E | F | G | H | I | J-K | L | M | N | O | P | Q-R | S | T | U-V | W-Z Hacker Insurance believe it or not this area is a major concern for business engaged in electronic commerce and or stores sensitive information. Hacker insurance is insurance that protects businesses from losses caused by hackers. Hard Market is a term that refers to a seller’s market when insurance is more expensive and is more difficult to obtain. A hard market is … Continue reading
A | B | C | D | E | F | G | H | I | J-K | L | M | N | O | P | Q-R | S | T | U-V | W-Z GAP Insurance is additional automobile insurance policyholders might consider as an option, in some states. GAP insurance will cover the difference between a vehicle’s actual cash value when it is stolen or wrecked and the amount owed on a lease or to an auto finance company. General Liability Insurance is an insurance product designed to protect a business owner and operator … Continue reading
A | B | C | D | E | F | G | H | I | J-K | L | M | N | O | P | Q-R | S | T | U-V | W-Z Face Amount is the fixed-amount of value for a whole life insurance policy. The actual amount to be paid in the even of death or at maturity of a life insurance policy, not including any dividend additions or additional amounts payable under an accidental death clause or other provision of the life insurance policy. FAIR Access To Insurance Requirements Plans–FAIR PLANS … Continue reading
A | B | C | D | E | F | G | H | I | J-K | L | M | N | O | P | Q-R | S | T | U-V | W-Z Death Benefit with a life insurance policy the death benefit is the limit or amount of insurance payments that will be made to the beneficiary when the insured person dies. Death benefits for annuity contracts are the limit or amount of payments made to a beneficiary if the annuity contract holder passes about prior to the annuity payments starting. Declaration is … Continue reading
A | B | C | D | E | F | G | H | I | J-K | L | M | N | O | P | Q-R | S | T | U-V | W-Z Cancellation is when you or your insurance company decided to end all insurance coverage prior to the policy expiration date. Captive Agent is a licensed insurance agent who represents only one insurance company and is limited by contract agreement from submitting new business to any other insurance company, unless or until the agent’s captive company rejects the business. Casualty Insurance is … Continue reading
A | B | C | D | E | F | G | H | I | J-K | L | M | N | O | P | Q-R | S | T | U-V | W-Z Beach And Windstorm Plans: are state-sponsored insurance pools selling property insurance coverage to cover losses caused by the Peril of Windstorm. Benefit Period: A health insurance term used to define the number of days benefits will be paid for claims made by named insured and other dependents covered on the policy. A Binder is a temporary authorization of insurance coverage issued … Continue reading
A | B | C | D | E | F | G | H | I | J-K | L | M | N | O | P | Q-R | S | T | U-V | W-Z AAA Insurance: Help on the Road and Beyond, AAA is well known for their roadside services including towing as well as their trip planning tools. Today AAA offers a wide range of insurance products. Accident: Is an unforeseen, unexpected, or unintended event. Accidental Bodily Injury: Is the physical injury caused to someone resulting from an accident. Accidental Death Benefit: For a … Continue reading