An insurance sales person. a) An independent agent does not work for any insurance company and sells the policies of more than one insurer; b) an exclusive agent sells the policies of only one insurance company.

The willful and malicious burning of, or attempt to burn, any structure or other property, often with criminal or fraudulent intent.

A state supervised insurance plan for people who cannot find automobile insurance (this may also be referred to as the Assigned Risk Plan). Each driver in the plan is assigned to an insurance company. The cost of this insurance is higher than in the regular market.

Coverage to pay for damage to or loss or policyholder's automobile resulting from collision, fire, theft or other perils.

A temporary written or oral insurance contract which is effective until it is replaced by a regular policy.

In insurance, a term applied to an incident or series of related incidents causing insured property losses totaling more than $5 million.

A person's request for payment by an insurer for a loss covered under a policy. Your claims to your company are "first-party claim." Claims made by one person against another person's company are known as "third-party claims."

A person who files a claim with an insurance company.

Optional insurance which pays for damage to your automobile caused by collision with another automobile or object, or by rolling the car over. Frequently required if you have a car loan.

Optional insurance which pays for damage to your automobile caused by things other than collision or rolling the car over such as fire, theft, vandalism, flood or hail. This is frequently required if you have an automobile loan.