Glossary of Insurance Terms

Mature couple with consultant
GlobalStock/E+/Getty Images

Accident
Actual Cash Value (ACV)
Adhesion Contract
Agent
Automobile Insurance Plan
Binder
Blanket Insurance
Bodily Injury (BI)
Broker
Burglary
Cancellation
Casualty Insurance
Claim
Claimant
Collision Coverage
Collision Deductive Waiver
Comprehensive Coverage
Decline
Deductible
Disability Insurance
Endorsement
Exclusion
Expiration Date
Face Amount
Financial Guarantee Insurance
Fire Insurance
Grace Period
Guaranteed Insurability
Health Insurance
Homeowner Insurance
Incontestable Clause
Insured Person
Insurer
Legal Insurance
Liability
Life Insurance
Limits
Loan Value
Loss
Marine Insurance
Material Misrepresentation
Medical Payments Coverage
Misquote
Mortgage Insurance
Peril
Personal Injury Protection Coverage
Policy
Policy Limit
Premium
Premium Financing
Pro-rata Cancellation
Property Damage
Quote
Rating Factors
Replacement Cost
Replacement Value
Reinstatement
Rider
Settlement
Short-rate Cancellation
Solicitor
Sprinkler Insurance
Surcharge
Surrender
Title Insurance
Underwriting
Uninsured Motorist Bodily Injury
Uninsured Motorist Property Damage
Waiting Period
Workers Compensation Insurance