This glossary includes many commonly used insurance and insurance-related terms. It is not an exhaustive list and only meant as an educational or informational aid. Terms, or definitions, as related ...
Knowing the terminology helps when trying to make the best choices. If you aren't familiar with the insurance terms used in discussing your options, making choices can be difficult. Here's a little ...
Cut through the jargon with this easy-to-understand guide. Between all the different insurance options on the market (pet insurance, anyone?), knowing what type of cover and which policy is right for ...
All Lines Aggregate – The combining of more than one line of coverage to establish an annual maximum for the insured for all those lines of coverage. Lines of coverage that might be considered are ...
Annual limit: A cap on the amount of services or the maximum number of dollars a health plan will pay for in a single year. These limits are often placed on medications and hospitalizations. These ...
Meredith Dietz is Lifehacker’s Senior Staff Writer. She earned her bachelor’s degree in English and Communications from Northeastern University, where she graduated as valedictorian of her college.
Catastrophe losses - In categorizing property and casualty claims as being from a catastrophe, the Company utilizes the designations of the Property Claim Services, a subsidiary of Insurance Services ...
As Congress takes up a new health-insurance overhaul, a major focus will be on the individual-insurance market, where consumers and families buy their own plans.