Tag Archives: Glossary of Insurance Terms

Insurance Terms: B

A | B | C | D | E | F | G | H | I | J-K | L | M | N | O | P | Q-R | S | T | U-V | W-Z Beach And Windstorm Plans: are state-sponsored insurance pools selling property insurance coverage to cover losses caused by the Peril of Windstorm. Benefit Period: A health insurance term used to define the number of days benefits will be paid for claims made by named insured and other dependents covered on the policy. A Binder is a temporary authorization of insurance coverage issued … Continue reading →

The Glossary of Insurance Terms

In the Business of Insurance every word has a specific meaning and relationship to how insurance works. One of the huge complaints customers have had about insurance over the years, has to do with terms and what those terms actually mean. Insurance policies generally have pages of definitions, declarations, conditions and exclusions filled with legal, technical, insurance language. If you have a question about an “Insurance” related word or term you find in your insurance policy please send me a Private Message or post a comment on one of the Blogs. Sometimes ordinary words mean something completely different in a … Continue reading →