Insurance related terms

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Our insurance terms glossary is divided alphabetically by insurance terms in a quick reference guide to assist understanding the language commonly used by insurance companies. Policy documents contain a number of insurance terms because they typically define the limitations of risk and liability on the insured and any exclusions of coverage. Another word for insurance.

Health Maintenance Organization (HMO) - a medical group plan that provides physician, hospital, and clinical services to participating members in exchange for a. Here is an insurance glossary or list of travel insurance terms that you need to know when searching for a policy. As a useful guide to insurance vocabulary, it will help you understand your coverage or benefits plan page. Such terms and availability may vary by state and exclusions may apply. Should renew your term life insurance? What is individual term life insurance?

Does your term life insurance? Shop The Best Rates From National Providers. We’re listing commonly used insurance terms that you’ll benefit from knowing. Finding the Best Rates. Adjuster A claims or insurance adjuster is employed by or acts on behalf of an insurance company to examine, evaluate and settle insurance claims.

Click the appropriate letter of the alphabet below for info on insurance-related terms. This list defines many common healthcare terms you might not know. Knowing these terms can help you choose a plan that meets your needs.

Some of these words are common with many types of insurance. This glossary explains what the words and phrases mean for health insurance. Allowed Amount - The highest amount we will cover (pay) for a service. Homeowners insurance is subject to the terms , limits and conditions of your policy contract. I The act of providing compensation for a loss with the intent to restore an individual or entity to the approximate financial position prior to the loss.

Browse the list of 7. Insurance abbreviations with their meanings and definitions. Get Advice and Free Quotes. Companies we Represent. An insurance company authorized to do business in the state.

The tendency of those exposed to a higher risk to seek more insurance coverage than those at a lower risk. Learn insurance industry words and phrases that can help you better understand the language used in insurance policies. No insurance website could be complete without offering and index of insurance terms and definitions. ADJUSTABLE LIFE INSURANCE : An life insurance policy whereby the policyholder has the right to change any of the following parameters - premium amount, premium frequency, policy term , death benefit. Insurer The insurance company that provides insurance coverage and services.

When making decisions about health coverage, consumers should know the specific meanings of terms used to discuss health insurance. Below are definitions for some of the more commonly used terms and how. Appraisal The process in which there is a dispute between the insurer and the insured regarding the amount of the claim.