Insurance Glossary
Understanding insurance terms made simple
General
Accidental Death Benefit
Accidental Death Benefit Definition Accidental Death Benefit refers to an important aspect of an insurance policy. Why I...
Act of God
Act of God Definition Act of God refers to an important aspect of an insurance policy. Why It Matters Understanding Act ...
Actual Cash Value (ACV)
Actual Cash Value (ACV) Definition Actual Cash Value (ACV) refers to an important aspect of an insurance policy. Why It ...
Aggregate Limit
Aggregate Limit Definition Aggregate Limit refers to an important aspect of an insurance policy. Why It Matters Understa...
All-Risk Policy
All-Risk Policy Definition All-Risk Policy refers to an important aspect of an insurance policy. Why It Matters Understa...
Base Flood Elevation (BFE)
Base Flood Elevation (BFE) Definition Base Flood Elevation (BFE) refers to an important aspect of an insurance policy. W...
Beneficiary
Beneficiary Definition Beneficiary refers to an important aspect of an insurance policy. Why It Matters Understanding Be...
Bodily Injury Liability
Bodily Injury Liability Definition Bodily Injury Liability refers to an important aspect of an insurance policy. Why It ...
Business Interruption Insurance
Business Interruption Insurance Definition Business Interruption Insurance refers to an important aspect of an insurance...
Business Owner’s Policy (BOP)
Business Owner’s Policy (BOP) Definition Business Owner’s Policy (BOP) refers to an important aspect of an insurance pol...
Claim
Claim Definition Claim refers to an important aspect of an insurance policy. Why It Matters Understanding Claim helps yo...
Coinsurance
Coinsurance Definition Coinsurance refers to an important aspect of an insurance policy. Why It Matters Understanding Co...
Collision Coverage
Collision Coverage Definition Collision Coverage refers to an important aspect of an insurance policy. Why It Matters Un...
Commercial Auto Insurance
Commercial Auto Insurance Definition Commercial Auto Insurance refers to an important aspect of an insurance policy. Why...
Commercial Property Insurance
Commercial Property Insurance Definition Commercial Property Insurance refers to an important aspect of an insurance pol...
Commercial Umbrella Policy
Commercial Umbrella Policy Definition Commercial Umbrella Policy refers to an important aspect of an insurance policy. W...
Comprehensive Coverage
Comprehensive Coverage Definition Comprehensive Coverage refers to an important aspect of an insurance policy. Why It Ma...
Comprehensive Deductible
Comprehensive Deductible Definition Comprehensive Deductible refers to an important aspect of an insurance policy. Why I...
Copayment (Copay)
Copayment (Copay) Definition Copayment (Copay) refers to an important aspect of an insurance policy. Why It Matters Unde...
Coverage Period
Coverage Period Definition Coverage Period refers to an important aspect of an insurance policy. Why It Matters Understa...
Cyber Liability Insurance
Cyber Liability Insurance Definition Cyber Liability Insurance refers to an important aspect of an insurance policy. Why...
Deductible
Deductible Definition Deductible refers to an important aspect of an insurance policy. Why It Matters Understanding Dedu...
Depreciation
Depreciation Definition Depreciation refers to an important aspect of an insurance policy. Why It Matters Understanding ...
Dwelling Coverage
Dwelling Coverage Definition Dwelling Coverage refers to an important aspect of an insurance policy. Why It Matters Unde...
Elevation Certificate
Elevation Certificate Definition Elevation Certificate refers to an important aspect of an insurance policy. Why It Matt...
Endorsement
Endorsement Definition Endorsement refers to an important aspect of an insurance policy. Why It Matters Understanding En...
Excess Coverage
Excess Coverage Definition Excess Coverage refers to an important aspect of an insurance policy. Why It Matters Understa...
Exclusion
Exclusion Definition Exclusion refers to an important aspect of an insurance policy. Why It Matters Understanding Exclus...
Extended Replacement Cost
Extended Replacement Cost Definition Extended Replacement Cost refers to an important aspect of an insurance policy. Why...
Flood Proofing
Flood Proofing Definition Flood Proofing refers to an important aspect of an insurance policy. Why It Matters Understand...
Flood Zone
Flood Zone Definition Flood Zone refers to an important aspect of an insurance policy. Why It Matters Understanding Floo...
Gap Insurance
Gap Insurance Definition Gap Insurance refers to an important aspect of an insurance policy. Why It Matters Understandin...
General Liability Insurance
General Liability Insurance Definition General Liability Insurance refers to an important aspect of an insurance policy....
Grace Period
Grace Period Definition Grace Period refers to an important aspect of an insurance policy. Why It Matters Understanding ...
Hazard Insurance
Hazard Insurance Definition Hazard Insurance refers to an important aspect of an insurance policy. Why It Matters Unders...
Health Insurance Deductible
Health Insurance Deductible Definition Health Insurance Deductible refers to an important aspect of an insurance policy....
Hurricane Deductible
Hurricane Deductible Definition Hurricane Deductible refers to an important aspect of an insurance policy. Why It Matter...
Indemnity
Indemnity Definition Indemnity refers to an important aspect of an insurance policy. Why It Matters Understanding Indemn...
Insurance Glossary
Insurance Glossary Welcome to the insurance glossary of the o'donohoe agency. Here you can find definitions and explanat...
Liability Coverage
Liability Coverage Definition Liability Coverage refers to an important aspect of an insurance policy. Why It Matters Un...
Loss of Use Coverage
Loss of Use Coverage Definition Loss of Use Coverage refers to an important aspect of an insurance policy. Why It Matter...
Marine Insurance
Marine Insurance Definition Marine Insurance refers to an important aspect of an insurance policy. Why It Matters Unders...
Mitigation Discount
Mitigation Discount Definition Mitigation Discount refers to an important aspect of an insurance policy. Why It Matters ...
Named Perils Policy
Named Perils Policy Definition Named Perils Policy refers to an important aspect of an insurance policy. Why It Matters ...
Named Storm Exclusion
Named Storm Exclusion Definition Named Storm Exclusion refers to an important aspect of an insurance policy. Why It Matt...
National Flood Insurance Program (NFIP)
National Flood Insurance Program (NFIP) Definition National Flood Insurance Program (NFIP) refers to an important aspect...
Ordinance or Law Coverage
Ordinance or Law Coverage Definition Ordinance or Law Coverage refers to an important aspect of an insurance policy. Why...
Out-of-Pocket Maximum
Out-of-Pocket Maximum Definition Out-of-Pocket Maximum refers to an important aspect of an insurance policy. Why It Matt...
Peril
Peril Definition Peril refers to an important aspect of an insurance policy. Why It Matters Understanding Peril helps yo...
Personal Injury Protection (PIP)
Personal Injury Protection (PIP) Definition Personal Injury Protection (PIP) refers to an important aspect of an insuran...
Personal Property Coverage
Personal Property Coverage Definition Personal Property Coverage refers to an important aspect of an insurance policy. W...
Policy Limit
Policy Limit Definition Policy Limit refers to an important aspect of an insurance policy. Why It Matters Understanding ...
Policyholder
Policyholder Definition Policyholder refers to an important aspect of an insurance policy. Why It Matters Understanding ...
Pre-Existing Condition
Pre-Existing Condition Definition Pre-Existing Condition refers to an important aspect of an insurance policy. Why It Ma...
Premium
Premium Definition Premium refers to an important aspect of an insurance policy. Why It Matters Understanding Premium he...
Product Liability Insurance
Product Liability Insurance Definition Product Liability Insurance refers to an important aspect of an insurance policy....
Professional Liability (E&O)
Professional Liability (E&O) Definition Professional Liability (E&O) refers to an important aspect of an insurance polic...
Property Damage Liability
Property Damage Liability Definition Property Damage Liability refers to an important aspect of an insurance policy. Why...
Replacement Cost Value (RCV)
Replacement Cost Value (RCV) Definition Replacement Cost Value (RCV) refers to an important aspect of an insurance polic...
Rider
Rider Definition Rider refers to an important aspect of an insurance policy. Why It Matters Understanding Rider helps yo...
Risk Assessment
Risk Assessment Definition Risk Assessment refers to an important aspect of an insurance policy. Why It Matters Understa...
Salvage Title
Salvage Title Definition Salvage Title refers to an important aspect of an insurance policy. Why It Matters Understandin...
Scheduled Personal Property
Scheduled Personal Property Definition Scheduled Personal Property refers to an important aspect of an insurance policy....
SR-22 Insurance
SR-22 Insurance Definition SR-22 Insurance refers to an important aspect of an insurance policy. Why It Matters Understa...
Storm Surge
Storm Surge Definition Storm Surge refers to an important aspect of an insurance policy. Why It Matters Understanding St...
Subrogation
Subrogation Definition Subrogation refers to an important aspect of an insurance policy. Why It Matters Understanding Su...
Term Life Insurance
Term Life Insurance Definition Term Life Insurance refers to an important aspect of an insurance policy. Why It Matters ...
TWIA ({state} Windstorm Insurance Association)
TWIA (tx Windstorm Insurance Association) Definition TWIA (tx Windstorm Insurance Association) refers to an important as...
Umbrella Policy
Umbrella Policy Definition Umbrella Policy refers to an important aspect of an insurance policy. Why It Matters Understa...
Underinsured Motorist Coverage (UIM)
Underinsured Motorist Coverage (UIM) Definition Underinsured Motorist Coverage (UIM) refers to an important aspect of an...
Underwriting
Underwriting Definition Underwriting refers to an important aspect of an insurance policy. Why It Matters Understanding ...
Uninsured Motorist Coverage (UM)
Uninsured Motorist Coverage (UM) Definition Uninsured Motorist Coverage (UM) refers to an important aspect of an insuran...
Universal Life Insurance
Universal Life Insurance Definition Universal Life Insurance refers to an important aspect of an insurance policy. Why I...
Whole Life Insurance
Whole Life Insurance Definition Whole Life Insurance refers to an important aspect of an insurance policy. Why It Matter...
Windstorm Deductible
Windstorm Deductible Definition Windstorm Deductible refers to an important aspect of an insurance policy. Why It Matter...
Workers’ Compensation
Workers’ Compensation Definition Workers’ Compensation refers to an important aspect of an insurance policy. Why It Matt...
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