Insurance

insurance

a financial arrangement in which a person or entity pays premium to an insurance company in exchange for coverage or compensation for specified losses or damages

premium

the amount of money payed by an individual or entity to an insurance company for coverage under an insurance policy.

liability

an acceptance of risk and or an obligation or responsibility to pay a certain amount

insurance policy

a written contract that outlines the terms and conditions of the insurance coverage

claim

A formal request made by the insurance policyholder to the insurance company for compensation or reimbursement for a covered loss or event.

deductible

The amount the policyholder must pay out of pocket before the insurance company begins to cover the remaining costs.

car/auto insurance

A type of property insurance that provides financial protection against losses related to owning and operating an automobile.

life insurance

A type of insurance where the insurer pays a designated beneficiary a sum of money upon the insured person's death.

liability insurance

A type of insurance that provides protection against claims resulting from injuries and damage to people or property for which the insured is legally responsible.

health insurance

A type of insurance that covers the cost of an individual's medical and surgical expenses.

disability insurance

A type of insurance that provides income replacement to individuals who are unable to work due to a disabling injury or illness.

homeowners insurance

A type of property insurance that provides coverage for a private residence against damages and losses to the home and its contents, as well as liability for accidents that occur on the property.

renters insurance

A type of insurance that provides coverage for a tenant's personal property and liability within a rented residence.

other insurances

travel insurance

pet insurance

business insurance

boat insurance

etc