The amount of money a policyholder agrees to pay an insurer for providing the benefits outlined in the policy.

Provides financial protection for innocent victims of a wrongdoer, even if the wrongdoer has violated the terms of the insurance policy. A common example is a pedestrian injured by an insured vehicle [..]

AD&D pays a benefit for death, loss of or loss of use of limbs, loss of speech, loss of hearing or loss of sight as the direct result of an accidental cause.

This auto coverage provides compensation, regardless of fault, if you, your passengers, or pedestrians suffer injury or death in an automobile collision. Accident benefits coverage is compulsory in al [..]

The net market value of property, taking into account replacement cost, depreciation and obsolescence. The amount of depreciation depends on the condition of the property immediately before the damage [..]

A person trained in mathematics and insurance who studies statistics to determine insurance policy rates, reserves and dividends. Actuaries are also responsible for company solvency.

See Maintenance Medications.

The act of reviewing claims information and determining whether a claimant meets the policy requirements to receive benefits.

If your home is unfit to live in as a result of a covered loss, or you are required to leave while repairs are being made, you may receive any necessary additional living expenses to maintain your usu [..]

The book value of an investment adjusted for purchases, sales, maturities and income distributions.