Guides and glossary.
Short reads that help you choose cover, file a claim, and understand what you are buying. Plain English, no jargon.
Guides.
How to claim on your policy
What to do in the first 24 hours after a loss, what documents to gather, and what to expect from the adjuster.
Understanding deductibles
How a higher deductible lowers your premium and changes your risk. A short guide to choosing well.
Home insurance checklist
What to inventory before you need to claim, and how to keep that inventory up to date.
Business interruption explained
What business interruption cover pays for, what it does not, and how the indemnity period works.
Fleet risk management basics
Five practices that reduce fleet claims and the premium you pay for them.
Group health basics for employers
What to consider when choosing a group health plan, from tier design to wellness benefits.
Insurance terms, explained.
Search for a term or filter by first letter. Plain definitions, no legalese.
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Adjuster
The person who investigates a claim on behalf of the insurer, confirms coverage, and recommends settlement.
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Beneficiary
The person or entity designated to receive the proceeds of an insurance policy.
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Binder
A temporary written or oral contract that proves coverage is in force before the final policy is issued.
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Claim
A formal request from a policyholder for the insurer to pay for a covered loss.
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Coverage
The scope of protection provided by an insurance policy.
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Deductible
The amount the policyholder pays out of pocket before the insurer pays the rest of a covered claim.
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Endorsement
A written change to an insurance policy that adds, removes, or modifies coverage.
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Exclusion
A loss or cause of loss that an insurance policy does not cover.
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Indemnity
The principle of restoring the policyholder to the financial position they were in immediately before a covered loss.
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Liability
A legal obligation to pay for injury or damage caused to another party.
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Limit
The maximum amount an insurance policy will pay for a covered loss.
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Loss
The financial harm suffered by the policyholder that is the basis of a claim.
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Premium
The amount the policyholder pays to the insurer in exchange for coverage.
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Peril
A cause of loss, such as fire, theft, or windstorm.
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Policy
The written contract between the insurer and the policyholder.
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Policyholder
The person or entity that owns an insurance policy.
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Risk
The chance of a loss occurring, assessed by the insurer when pricing a policy.
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Subrogation
The right of the insurer, after paying a claim, to recover the amount from a responsible third party.
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Underwriting
The process of assessing a risk, deciding whether to insure it, and setting the premium.
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Waiting period
A set time after a policy starts during which certain coverages are not yet available.
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