Insurance Terminology
Click on the term below for its definition.

 

Actual Cash Value (ACV)

Adjuster

Agent

Applicant

Arson

Auto Medical Payments

Automobile Insurance

Benefit

Beneficiary

Binder

Blanket Policy

Bodily Injury

Cancellation

Carrier

Cash (Surrender) Value

Claim

Clause

Collision Coverage

Comprehensive Coverage

Conditions

Convertible Term Insurance

Coverage

Debris Removal Clause

Demolition Coverage

Declaration

Dividend

Exclusions

Face Amount

Fraud

Insurance

Insurability

Insured or Insured Life

Lapse

Larceny

Level Premium (Life Insurance)

Liability

Libel

Lien

Limits

Loan (Policy Loan)

Loss of Use

Ordinance or Law Coverage

Paid up Insurance

Participating Policy

Permanent (Life Insurance)

Physical Damage

Policy Holder

Premiums

Replacement Cost Coverage

Renewable Term Insurance

Term Insurance

Towing and Labor Costs Coverage

Uninsured / Underinsured Motorist Coverage

Universal Life Insurance

Whole Life Insurance


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