Insurance Glossary

Your online insurance dictionary

A
B
C
D
E
F
G
H
I
J
K
L
M
N
O
P
Q
R
S
T
U
V
W
Y
A

Abandonment Clause

Accidents

Act of God

Actuaries

Acquisition Cost

Additional Perils

Adjustable Policies

Adjuster

Advance Profits Insurance

Agents

Aggregate Limits

AIDS

Aircraft Damage

All Risks

All Risks Coverage

Alzheimer

Angioplasty and other invasive treatments for major coronary artery disease

Annuity

Arbitration Clause

Architect’s, Surveyor’s and Consulting Engineer’s Fees

Assignment

Automatic premium loan

Average

B

Bailee’s Liability

Banker’s Blanket Bond

Bid Bond

Bloodstock Insurance

Boilers and Pressure Plant Cover

Bonds

Book Debts Insurance

Broker

Builders Risk Hull Insurance

Burglary

Bursting or Overflowing of Water Tanks, Apparatus and Pipes

Business

Business Interruption Insurance

Business Machines

Business Travel Insurance

Backdating

Bacterial meningitis

Benign brain tumor

Betterment

Blindness /total loss of sight

Bodily injury liability

Bonus

Brain surgery

C

Cancellation

Cancer

Captive

Cargo

Certificate of Insurance

Chartered Insurance Institute (CII)

Chronic aplastic anemia

Claim

Co-Insurance

Collision Damage Waiver

Coma

Commission

Compensation

Computer Insurance

Computer Systems Records

Condominium Insurance

Consequential Loss

Constructive Total Loss

Contingent Liability

Contract of Indemnity

Contractor’s All Risks

Contribution

Contributory Negligence

Coronary artery by-pass surgery

Cost Insurance and Freight

Counter Guarantee

Co-payment

Coronary Artery Disease

Coupon Insurance

Crop Insurance

D

Date of issue

Deafness/ total loss of hearing

Debris Removal Clause

Declaration

Declaration Policies

Deductible

Defense Costs

Demurrage

Denial of Access

Defective Design

Difference in Conditions Insurance

Directors and Officers

Disablement

Dividend

Driving Other Cars

Drink/Drugs

Dual Basis Wages

Duty of disclosure

E

Earthquake

Effective Date

Electrical and Mechanical Plant

Electrical Machines and Installation

Employee’s Dishonesty

Employer’s Liability

Encephalitis

End stage kidney failure

End stage liver failure

End stage lung disease

Endorsements

Endowment insurance

Engineering Insurance

Equipment Floater

Erection All Risks

Errors and Omissions Insurance

Exceptions

Excess

Excess of Loss

Exclusions

Ex Gratia Payment

Expediting Expenses

Experience Refund

Explosion

Export Credit Insurance

Expropriation Insurance

Extortion Insurance

Expiry

F

Facultative Reinsurance

Fees, Professional

Fidelity Guarantee

Fire and Theft

Fire Policy

Fire Waste

First Loss Policies

Fleet Policy

Floating Policy (Fire)

Floating Policy (Marine)

Flood

FOB Contract

Foreign Use (Cars)

Foundations Clause

Franchise

Free look

Free of Particular Average (FPA)

Free of Capture and Seizure Clause

Full Theft Cover

Fulminant viral hepatitis

G

General Agent

General Average

General Exceptions

General Principles

Geographical Limits

Glass

Golfer's Insurance

Goods in Transit

Grace period

Gross Premium

Gross Profit

Group life insurance

H

Hague Protocol 1955

Hague Rules / Hague-Visby Rules

Hail Insurance

Hazard

Hazardous Pursuits

Heart attack

Heart valve surgery

Highly Protected Risk (HPR)

Hijacking

Hired-in Plant

Hired Premises

HIV due to blood transfusion

Hoists and Lifts

Hole-in-One

Household Insurance

Hull Insurance

Human Immunodeficiency Virus (HIV) infection

I

Impact

Implied Conditions

Increased Cost of Working

Incurred Losses

Incontestable Clause

Indemnity

Index Linked Policies

Industrial All Risks

Inherent Vice Exclusion

In-Patient Cover

Inspection

Institute Cargo Clauses

Insurable Interest

Intermediaries

Insurance company

Insured

Investment-linked insurance

Issue date

J

Jettison

Jewellers Block

Jewellery

Judicial Bond

Jurisdiction Clause

K

Kidnap and Ransom

Knock for Knock Agreement

L

Laid-Up Returns

Landslip

Lapse

Legal Costs

Legal Expenses Insurance

Legal Liability

Liability Insurance

Libel and Slander

Life insurance

Lightning

Limits of Liability

Liquidation

Livestock

Lloyd’s

Long Term Agreement

Loss Adjusters

Loss of independent existence

Loss of Profits

Loss of speech

Loss of Use of Vehicle

Loss Ratio

M

Machinery

Maintenance of Motor Vehicle

Maintenance Period

Major burns

Major head trauma

Major organ / bone marrow transplant

Malicious Damage

Malpractice Insurance

Marine Insurance

Material Damage Proviso

Maturity Date

Maturity value

Material Fact

Maximum Indemnity Period

Maximum Probable Loss

Medical Insurance

Money Insurance

Moral Hazard

Mortgagee Clause

Motor Insurers Bureau

Multiple Insurance

Multiple Sclerosis

Muscular Dystrophy

Mysterious Disappearance Exclusion

Medullary cystic disease

Motor neuron disease

N

Named Drivers

Named Peril Policy

Negligence

Neon Signs

’New for Old’

No Claim Discount

Nomination

Nominee

Non-admitted Insurer

Non-contribution Clause

Non-disclosure

Non-participating policy

Notice of Cancellation

Notice of Claims

Notification

Nuclear Exclusion

Nuisance

O

Observance of Conditions

Occupation

Occurrence

Offer and Acceptance

Ombudsman

Onus of Proof

Open Policy

Operative Clause

Other Contents Clause

Overinsurance

Own Damage

P

Package Policy

Paid-up policy

Pair or Set Clause

Parkinson's Disease

Participating policy

Particular Average

Payer benefit

Performance Bond

Perils

Personal Accident

Personal Liability

Personal Lines

Pet Insurance

Physical Hazard

Pleasure Craft Insurance

Pluvius Insurance

Political Risks

Pollution Exclusion

Premiums

Premium Adjustment

Products Guarantee

Products Liability

Products Recall

Professional Indemnity

Proposal Form

Pro Rata Cancellation

Protection and Indemnity Insurance

Proximate Cause

Paralysis/ paraplegia

Public Liability

Public Utilities

Punitive Damages

Policy Loan

Pre-existing condition

Primary pulmonary arterial hypertension

Q

Quota Share

Qualifying/Waiting Period

R

Radioactive Contamination

Recital Clause

Reduced paid-up

Reinstatement by Insurers

Reinstatement Cover

Reinstatement of the Sum Insured

Reinsurance

Rejection Risks

Removal of Debris

Renewal Notice

Reinstatement of policy

Replacement-as-new

Res Ipsa Loquitur

Retention

Retrospective Rating

Rider

Riot

Risk Control

Risk Financing

Risk Management

Robbery

Running Down Clause

S

Salvage

Salvage Charges

Scale of benefits

Sea-worthiness Admitted Clause

Self Insurance

Severe cardiomyopathy

Self Inflicted Injury

Single Article Limit

Slander

Solvency Margin

Special (or Additional) Perils

Specified Working Expenses

Spontaneous Combustion

Sprinkler Leakage

Standing Charges

Statute of Limitations

Storm

Strict Liability

Subrogation

Subsidence

Sue and Labour

Sum Insured

Strata-titled property

Stroke

Surgery to aorta

Surrender

Surrender value

Systemic lupus erythematosus with lupus nephritis

T

Target Risk

Tariff

Temporary Disablement

Temporary Removal

Tenants Improvements

Tenant’s Liability

Term insurance

Terminal illness

Territorial Limits

Terrorism

Theft Insurance

Third Party Liability

Three-Fourths Collision Liability

Time-on-Risk Charge

Time Policy

Tort

Total Loss

Travel Insurance

Turnover

Twisting

U

Umbrella Liability

Under-Insurance

Underwriter

Underwriting Agency

Uninsurable Risks

Uninsured / Untraced Drivers

Unoccupancy

Unspecified Valuables

Utmost Good Faith

V

Valuations

Valued or Agreed Value Policy

Variable Charges

Void and Voidable

Voyage Policy

W

Waiting Period

Waiver

War Risks

Warehouse to Warehouse

Warranty

Wear and Tear

Whole life insurance

With Average

Worker’s (Workman’s) Compensation

Y

Yacht Insurance

York Antwerp Rules