Insurance Terminology
If you are to learn how to deal with insurance companies, insurance agents, and any insurance matters you must understand certain insurance terms.
So here's a list of terms I think you will need to know
List of Insurance Terms You Need To Learn
- Aggregate limit
- Attained Age
- Automobile Liability
- Benefit Period
- Broker
- Casualty
- Claim
- Co-Insurance
- Collision Insurance
- Commission
- Comprehensive Insurance
- Coverage
- Co-Payment
- Coverage
- Coverage Area
- Death Benefit
- Deductible
- Elimination Period
- Exclusions
- Extended Replacement Cost
- Floater
- Grace Period
- Guaranteed Insurability Option
- Guaranteed Issue Right
- Hazard
- HMO
- Health Saving Account
- Indemnity
- Insurable Interest
- Insurance Adjuster
- Least Expensive Alternative Treatment
- Liability
- Licensed
- Living Benefits
- Mutual Insurance Companies
- Net Premium
- Occurrence
- Out of Pocket Limit
- Paid Up Additional Insurance
- Peril
- Point of Service Plan
- Policy
- Policy Holder
- Pre Existing Condition
- Premium
- Renewal
- Replacement Cost
- Surrender Period
- Term Life Insurance
- Total Loss
- Umbrella Policy
- Underwriter
- Uninsured Motorist Coverage
- Variable Life Insurance
- Variable Universal Life
- Viator
- Waiting Period
- Waiver of Premium
- Whole Life Insurance
Now I’m not going to define these for you because I found a website that has the definition of all of these terms.
So pause this tutorial for a while. Then print off the list of terms and head on over to the website below.
If you don't have a printer just write the terms on a sheet of paper.
Once you get to the website
1) Go to Left Navigation
2) Click on Support and Resources
3) Click on Glossary of Insurance Terms
4) Write the defintion of all the terms from you list you printed off.
There are a lot of words but only look up words from the list on this tutorial. I have picked insurance terms I think you should be familiar with.
Once you have finished looking up the terms return here for more insurance tutorials.
Next Page - Learn About Insurance Companies
