car insurance companies

Peril

An insurance policy covers a specific risk or cause of loss. Examples of home peril include wind, flood, fire, and theft. Some home insurance plans,

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whole life insurance

Participating Policies

Insurance contracts that pay the policyholder dividends over time. Usually paid out annually over the policy’s life, participating policy dividends come from the profits of

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long term care insurance

No-Fault Insurance Laws

Auto insurance provision, instituted state by state that allows policyholders to recoup financial losses from their own insurance company following an accident, no matter who

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long term care insurance

Net Payment Cost Index

An index that calculates the difference between the costs paid by the policyholder and the monies will be due if they die at any point

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Medical Payments

Medical Payments

Sometimes called “MedPay,” medical payments coverage reimburses the policyholder and others for medical or funeral expenses resulting from bodily injury or death following an accident

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guardian anytime

Managed Care

A health care system that attempts to enhance medical care quality and cost-effectiveness using an organized group of doctors, hospitals, and other health providers. Managed-care

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humana medicare

Loss Control

The practice of reducing an insurer’s exposure to risk is based on predictions of future loss. Loss control includes situations such as risk management, claims

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liability insurance

Liability Coverage

Home insurance protection guards homeowners and family members from financial loss if someone claims injury on their property. In case of a lawsuit, liability coverage

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dog insurance

Liability

Auto insurance pays for bodily injury (BI) or property damage (PD) you cause another person. A popular type of insurance protection, liability insurance, is required

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life insurance quotes

Investment Income

Additional income, or profit, that’s leftover after you pay your premiums and your insurance company pays its overhead and operating expenses. Your insurer reinvests these

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