Term
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Definition
| A person who investigates and settles insureance claims. |
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Definition
| A temporary insurance contract that provides proof of covrage until you recieve a permanent policy. |
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Term
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Definition
| Temporary insurance policy by the company or insured before the renewal date. |
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Term
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Definition
| A person who makes an insurance claim. |
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Term
| Comprehensive covrage (physical damage other than collision) |
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Definition
| Pays for damage to or loss of your automobile from causes other than accidents. these include hail, vandalism, food, fire, and theft. |
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Term
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Definition
| Termination of a policy due to non-payment of premiums. |
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Term
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Definition
| Responsibility to another for one's negligence. |
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Term
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Definition
| Refers to an insured's history of losses (claims) with other companies, or the company they are currently with. A company will consider "loss history" when underwriting a new policy or considering a renewal of an existing policy. Companies view "loss history" as an indication of an insured's propensity for claim in the future. |
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Term
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Definition
| A decision by an insurance company not to renew a policy. |
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Term
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Definition
| The cost associated with replaceing property at current market prices. |
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Term
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Definition
| The person who reviews an application for insurance and decides if the applicant is acceptable and at what premium rate. |
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