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NAIC’s consumer insurance glossary provides definitions of common insurance terms, helping consumers easily understand key concepts across health, auto, life, and home insurance. It is helpful for beginners and policyholders seeking explanations.
In this comprehensive guide, we'll break down 50 common insurance terms and explain what they mean in plain, understandable language. 1. Premiums. When you purchase an insurance policy, you'll be required to make regular payments, known as premiums.
The following glossary includes key insurance terms you’ll want to know. Take a look to gain more confidence in your coverage. Browse our home, auto and life insurance glossaries to learn about more specific types of insurance.
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.
Browsing the glossary of definitions below can give you the knowledge to better understand your policy and other important information about all types of insurance. Looking for a specific insurance term? Enter it below to jump to the definition.
To understand your insurance policy, it is important to understand basic insurance terminology. In this blog, we'll define 45 basic insurance terms and concepts that everyone should know!
An insurance glossary that breaks down common insurance terms into simple definitions to help you better understand insurance jargon.
There are many insurance terms, words and phrases you should know. Use this glossary of insurance definitions to better understand what each term means.
The following is a glossary of insurance terms. When shopping for insurance coverage, a knowledge of the coverage types, and insurance language, will help you when making a decision of which agent or insurance company to choose.
Insurance doesn’t have to be complicated—or need a whole dictionary to understand. Our list of insurance terminology can help you not only understand your policy better, but also help you decide which coverages are right for you.