Term
| Automobile Liability Insurance |
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Definition
| Covers damages for bodily injury and property damage for which an insured person becomes legally responsible because of an auto accident. |
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Definition
| The individual who is designated to receive the value of a life insurance policy in the event of the insured's death. |
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Term
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Definition
| The insurance company that underwrites or insures. |
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Term
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Definition
| A form filed to request payment for losses covered in an insurance policy. |
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Term
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Definition
| A coinsurance policy allows the insured to bear part of the loss when there is damage due to fire. |
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Term
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Definition
| The amount of insurance purchased. |
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Term
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Definition
| Covers the cost of heath care. |
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Term
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Definition
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Term
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Definition
| The individual or company receiving the insurance protection. |
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Term
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Definition
| An agreement providing for the payment of a stipulated sum to a beneficiary upon the death of the insured person. |
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Term
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Definition
| A written contract between the insurance company and the insured that explains the benefits of the protection purchased. |
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Term
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Definition
| The person or business that purchases insurance. |
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Term
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Definition
| Payment to the insurance company for the purchase of an insurance policy. |
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Term
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Definition
| Provides coverage of property against damage or loss. |
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Term
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Definition
| The time for which an insurance policy is in effect. |
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