Insurance Glossary

Confused by insurance terminology? Use our insurance glossary, unique to CoverSupermarket.com

A

• Accident and Health
• Act of God
• Actuary
• Additional Premium
• Advance Profits Insurance
• Agent
• Aggregate Limit of Indemnity
• All Risks
• Annual Business
• Annual Premium
• Appointed Representative
• Assets
• Assistance
• Authorised Insurer
• Average

B

• Beyond economic repair
• Broker
• Buildings Insurance
• Business Interruption

C

• Cancellation
• Capacity
• Certificate
• Claim
• Claim Frequency
• Claims and Underwriting Exchange
• Claims Incurred
• Co-Insurance
• Commercial Business
• Company Agents
• Composite Insurer
• Comprehensive Cover
• Concealment
• Condition
• Consequential Loss
• Contents Policy
• Contribution
• Cover Note

D

• Deductible
• Direct

E

• Employers Liability
• Endorsement
• Ex Gratia Payment
• Excess
• Exclusion
• Expenses
• Exposure

F

• Financial Ombudsman Service
• Financial Services Authority
• Financial Services Compensation Scheme
• Fire Claim
• First Loss Insurance
• Fixtures and Fittings
• Friendly Society

G

• General Insurance
• General Liability
• Goods in Transit
• Green Card

H

• High Risk Property
• Household Business

I

• Inception Date
• Increase in Cost of Working
• Indemnity
• Index-linked
• Insurable Interest
• Insurance
• Insurance Company
• Insurance Premium Tax (IPT)
• Insured
• Insured Turnover
• Intermediary
• Investment

J

• Jurisdiction clause

K

• Key Features
• Key Person Insurance
• Key Facts

L

• Lapse
• Legal Expenses Insurance
• Liability
• Lloyds of London
• Loading
• Loss
• Loss Adjuster
• Loss Assessor

M

• Marine, Aviation & Transport (MAT)
• Material Fact
• Mechanical Breakdown Insurance
• Minimum Securities
• Motor
• Motor Insurance Anti-Fraud and Theft Register
• Mutual

N

• Negligence
• New-For-Old
• No Claim Discount (or Bonus)
• Non-comprehensive Cover
• Non-Disclosure

O

• Outbuilding
• Outgo

P

• Pecuniary Loss
• Personal Accident Insurance
• Personal Belongings
• Personal Lines
• Pluvius Insurance
• Policy
• Policyholder
• Pool Re
• Premium
• Private Medical Insurance
• Product Liability Policy
• Professional Indemnity
• Property Damage
• Proportional Treaty Reinsurance
• Proposal Form
• Proposer
• Proprietary Companies
• Public Liability

Q

• Quotation

R

• Rate
• Reinstatement
• Reinsurance
• Renewal
• Renewal Notice
• Revenue Account
• Risk Management

S

• Salvage
• Schedule
• Solvency Margin
• Solvency Ratio
• Standard Construction
• Statement Of Fact
• Statute Law
• Subject to Survey
• Subrogation
• Subsidence Claim
• Sum Insured
• Surety Bond
• Syndicate

T

• Terrorism
• Theft Claim
• Third Party
• Third Party Administrator
• Tied agent
• Total Loss
• Travel
• Treaty Reinsurance
• Trust
• Trustee

U

• Unspecified Items
• Underinsurance
• Underwriter
• Underwriting Result
• Uninsurable Risk
• Utilities / Retailers / Affinity Groups
• Utmost Good Faith

V

• Warranty
• Warranty Insurance
• Wear and Tear
• Weather Claim
• Write-Off
• Written Premium

W

• Valuation

X

Y

Z