Concierge Insurance.
From Start to Claim™
Common terms from your policies — short definitions, examples, and which coverages they relate to.
36 terms
Cancellation is termination of a policy before its expiration date by the insured or insurer, subject to policy terms and law.
Cancellation is an important insurance concept because it can affect how coverage is selected, priced, interpreted, or applied at claim time. In practical terms, it helps explain what the policy may do, what the insured may be responsible for, or how the insurance company may evaluate a covered situation. This term is commonly associated with All Insurance Types. For business insurance customers, understanding Cancellation can make it easier to compare policies, ask better questions, avoid coverage gaps, and understand what may happen before, during, or after a claim. The exact impact of Cancellation depends on the policy form, endorsements, limits, deductibles, exclusions, state law, and the facts of the loss or account.
A cancellation notice is written notice that a policy will end before expiration, subject to timing and legal requirements.
Cancellation Notice is an important insurance concept because it can affect how coverage is selected, priced, interpreted, or applied at claim time. In practical terms, it helps explain what the policy may do, what the insured may be responsible for, or how the insurance company may evaluate a covered situation. This term is commonly associated with All Insurance Types. For business insurance customers, understanding Cancellation Notice can make it easier to compare policies, ask better questions, avoid coverage gaps, and understand what may happen before, during, or after a claim. The exact impact of Cancellation Notice depends on the policy form, endorsements, limits, deductibles, exclusions, state law, and the facts of the loss or account.
This exclusion removes or limits liability coverage for damage to property in the insured's care, custody, or control.
Care Custody or Control Exclusion is an important insurance concept because it can affect how coverage is selected, priced, interpreted, or applied at claim time. In practical terms, it helps explain what the policy may do, what the insured may be responsible for, or how the insurance company may evaluate a covered situation. This term is commonly associated with General Liability, Garagekeepers, Inland Marine. For powersports insurance customers, understanding Care Custody or Control Exclusion can make it easier to compare policies, ask better questions, avoid coverage gaps, and understand what may happen before, during, or after a claim. The exact impact of Care Custody or Control Exclusion depends on the policy form, endorsements, limits, deductibles, exclusions, state law, and the facts of the loss or account.
Cash value is the accumulation component of certain permanent life policies that may be accessed through loans, withdrawals, or surrender.
Cash Value is an important insurance concept because it can affect how coverage is selected, priced, interpreted, or applied at claim time. In practical terms, it helps explain what the policy may do, what the insured may be responsible for, or how the insurance company may evaluate a covered situation. This term is commonly associated with Life Insurance. For benefits insurance customers, understanding Cash Value can make it easier to compare policies, ask better questions, avoid coverage gaps, and understand what may happen before, during, or after a claim. The exact impact of Cash Value depends on the policy form, endorsements, limits, deductibles, exclusions, state law, and the facts of the loss or account.
A catastrophe deductible applies to certain catastrophic events such as hurricanes, earthquakes, or named storms.
Catastrophe Deductible is an important insurance concept because it can affect how coverage is selected, priced, interpreted, or applied at claim time. In practical terms, it helps explain what the policy may do, what the insured may be responsible for, or how the insurance company may evaluate a covered situation. This term is commonly associated with Property Insurance. For business insurance customers, understanding Catastrophe Deductible can make it easier to compare policies, ask better questions, avoid coverage gaps, and understand what may happen before, during, or after a claim. The exact impact of Catastrophe Deductible depends on the policy form, endorsements, limits, deductibles, exclusions, state law, and the facts of the loss or account.
A catastrophe model estimates potential losses from hurricanes, earthquakes, floods, wildfires, or severe storms.
Catastrophe Model is an important insurance concept because it can affect how coverage is selected, priced, interpreted, or applied at claim time. In practical terms, it helps explain what the policy may do, what the insured may be responsible for, or how the insurance company may evaluate a covered situation. This term is commonly associated with Property, Reinsurance. For business insurance customers, understanding Catastrophe Model can make it easier to compare policies, ask better questions, avoid coverage gaps, and understand what may happen before, during, or after a claim. The exact impact of Catastrophe Model depends on the policy form, endorsements, limits, deductibles, exclusions, state law, and the facts of the loss or account.
A certificate holder receives evidence of insurance on a certificate but does not automatically receive coverage rights.
Certificate Holder is an important insurance concept because it can affect how coverage is selected, priced, interpreted, or applied at claim time. In practical terms, it helps explain what the policy may do, what the insured may be responsible for, or how the insurance company may evaluate a covered situation. This term is commonly associated with Commercial Insurance. For business insurance customers, understanding Certificate Holder can make it easier to compare policies, ask better questions, avoid coverage gaps, and understand what may happen before, during, or after a claim. The exact impact of Certificate Holder depends on the policy form, endorsements, limits, deductibles, exclusions, state law, and the facts of the loss or account.
A certificate of insurance summarizes coverage in force on the date issued but usually does not change the policy itself.
Certificate of Insurance is an important insurance concept because it can affect how coverage is selected, priced, interpreted, or applied at claim time. In practical terms, it helps explain what the policy may do, what the insured may be responsible for, or how the insurance company may evaluate a covered situation. This term is commonly associated with Commercial General Liability, Commercial Auto, Workers Compensation. For business insurance customers, understanding Certificate of Insurance can make it easier to compare policies, ask better questions, avoid coverage gaps, and understand what may happen before, during, or after a claim. The exact impact of Certificate of Insurance depends on the policy form, endorsements, limits, deductibles, exclusions, state law, and the facts of the loss or account.
Certificate tracking is the process of collecting and monitoring certificates of insurance from vendors, tenants, subcontractors, or contract parties.
Certificate Tracking is an important insurance concept because it can affect how coverage is selected, priced, interpreted, or applied at claim time. In practical terms, it helps explain what the policy may do, what the insured may be responsible for, or how the insurance company may evaluate a covered situation. This term is commonly associated with Commercial Insurance, Risk Management. For business insurance customers, understanding Certificate Tracking can make it easier to compare policies, ask better questions, avoid coverage gaps, and understand what may happen before, during, or after a claim. The exact impact of Certificate Tracking depends on the policy form, endorsements, limits, deductibles, exclusions, state law, and the facts of the loss or account.
Civil authority coverage may apply when access to insured premises is prohibited by government order because of covered damage nearby.
Civil Authority is an important insurance concept because it can affect how coverage is selected, priced, interpreted, or applied at claim time. In practical terms, it helps explain what the policy may do, what the insured may be responsible for, or how the insurance company may evaluate a covered situation. This term is commonly associated with Business Income, Commercial Property. For business insurance customers, understanding Civil Authority can make it easier to compare policies, ask better questions, avoid coverage gaps, and understand what may happen before, during, or after a claim. The exact impact of Civil Authority depends on the policy form, endorsements, limits, deductibles, exclusions, state law, and the facts of the loss or account.
Civil authority coverage may apply when a government authority prohibits access to insured premises because of covered damage nearby.
Civil Authority Coverage is an important insurance concept because it can affect how coverage is selected, priced, interpreted, or applied at claim time. In practical terms, it helps explain what the policy may do, what the insured may be responsible for, or how the insurance company may evaluate a covered situation. This term is commonly associated with Commercial Property, Business Income. For business insurance customers, understanding Civil Authority Coverage can make it easier to compare policies, ask better questions, avoid coverage gaps, and understand what may happen before, during, or after a claim. The exact impact of Civil Authority Coverage depends on the policy form, endorsements, limits, deductibles, exclusions, state law, and the facts of the loss or account.
A claim is a request for payment, defense, or coverage under an insurance policy after a loss, injury, damage, or liability event.
Claim is an important insurance concept because it can affect how coverage is selected, priced, interpreted, or applied at claim time. In practical terms, it helps explain what the policy may do, what the insured may be responsible for, or how the insurance company may evaluate a covered situation. This term is commonly associated with All Insurance Types. For business insurance customers, understanding Claim can make it easier to compare policies, ask better questions, avoid coverage gaps, and understand what may happen before, during, or after a claim. The exact impact of Claim depends on the policy form, endorsements, limits, deductibles, exclusions, state law, and the facts of the loss or account.
A claimant is a person or organization making a claim for benefits, damages, or payment.
Claimant is an important insurance concept because it can affect how coverage is selected, priced, interpreted, or applied at claim time. In practical terms, it helps explain what the policy may do, what the insured may be responsible for, or how the insurance company may evaluate a covered situation. This term is commonly associated with All Insurance Types. For business insurance customers, understanding Claimant can make it easier to compare policies, ask better questions, avoid coverage gaps, and understand what may happen before, during, or after a claim. The exact impact of Claimant depends on the policy form, endorsements, limits, deductibles, exclusions, state law, and the facts of the loss or account.
A claims-made policy generally covers claims first made during the policy period, subject to retroactive date and reporting requirements.
Claims-Made Policy is an important insurance concept because it can affect how coverage is selected, priced, interpreted, or applied at claim time. In practical terms, it helps explain what the policy may do, what the insured may be responsible for, or how the insurance company may evaluate a covered situation. This term is commonly associated with Professional Liability, Cyber Liability, D&O, EPLI. For business insurance customers, understanding Claims-Made Policy can make it easier to compare policies, ask better questions, avoid coverage gaps, and understand what may happen before, during, or after a claim. The exact impact of Claims-Made Policy depends on the policy form, endorsements, limits, deductibles, exclusions, state law, and the facts of the loss or account.
Classic car insurance covers collectible or antique vehicles, often using agreed value and specialized usage restrictions.
Classic Car Insurance is an important insurance concept because it can affect how coverage is selected, priced, interpreted, or applied at claim time. In practical terms, it helps explain what the policy may do, what the insured may be responsible for, or how the insurance company may evaluate a covered situation. This term is commonly associated with Classic Auto. For personal insurance customers, understanding Classic Car Insurance can make it easier to compare policies, ask better questions, avoid coverage gaps, and understand what may happen before, during, or after a claim. The exact impact of Classic Car Insurance depends on the policy form, endorsements, limits, deductibles, exclusions, state law, and the facts of the loss or account.
A CLUE report is a claims history report used by insurers to review prior auto or property claims.
CLUE Report is an important insurance concept because it can affect how coverage is selected, priced, interpreted, or applied at claim time. In practical terms, it helps explain what the policy may do, what the insured may be responsible for, or how the insurance company may evaluate a covered situation. This term is commonly associated with Auto, Homeowners, Property. For personal insurance customers, understanding CLUE Report can make it easier to compare policies, ask better questions, avoid coverage gaps, and understand what may happen before, during, or after a claim. The exact impact of CLUE Report depends on the policy form, endorsements, limits, deductibles, exclusions, state law, and the facts of the loss or account.
Coinsurance is a provision requiring the insured to carry a required percentage of insurance to value or share a percentage of covered expenses.
Coinsurance is an important insurance concept because it can affect how coverage is selected, priced, interpreted, or applied at claim time. In practical terms, it helps explain what the policy may do, what the insured may be responsible for, or how the insurance company may evaluate a covered situation. This term is commonly associated with Commercial Property, Health Insurance, Homeowners. For benefits insurance customers, understanding Coinsurance can make it easier to compare policies, ask better questions, avoid coverage gaps, and understand what may happen before, during, or after a claim. The exact impact of Coinsurance depends on the policy form, endorsements, limits, deductibles, exclusions, state law, and the facts of the loss or account.
Collision coverage helps pay for damage to a covered vehicle caused by impact with another vehicle or object, subject to the deductible.
Collision Coverage is an important insurance concept because it can affect how coverage is selected, priced, interpreted, or applied at claim time. In practical terms, it helps explain what the policy may do, what the insured may be responsible for, or how the insurance company may evaluate a covered situation. This term is commonly associated with Personal Auto, Commercial Auto, Motorcycle, RV. For powersports insurance customers, understanding Collision Coverage can make it easier to compare policies, ask better questions, avoid coverage gaps, and understand what may happen before, during, or after a claim. The exact impact of Collision Coverage depends on the policy form, endorsements, limits, deductibles, exclusions, state law, and the facts of the loss or account.
Commercial general liability helps protect a business from covered claims for bodily injury, property damage, personal injury, and advertising injury.
Commercial General Liability is an important insurance concept because it can affect how coverage is selected, priced, interpreted, or applied at claim time. In practical terms, it helps explain what the policy may do, what the insured may be responsible for, or how the insurance company may evaluate a covered situation. This term is commonly associated with General Liability, Business Insurance. For business insurance customers, understanding Commercial General Liability can make it easier to compare policies, ask better questions, avoid coverage gaps, and understand what may happen before, during, or after a claim. The exact impact of Commercial General Liability depends on the policy form, endorsements, limits, deductibles, exclusions, state law, and the facts of the loss or account.
Commercial property insurance covers buildings, business personal property, inventory, tenant improvements, and other business property against covered causes of loss.
Commercial Property Insurance is an important insurance concept because it can affect how coverage is selected, priced, interpreted, or applied at claim time. In practical terms, it helps explain what the policy may do, what the insured may be responsible for, or how the insurance company may evaluate a covered situation. This term is commonly associated with Commercial Property, Business Owners Policy. For business insurance customers, understanding Commercial Property Insurance can make it easier to compare policies, ask better questions, avoid coverage gaps, and understand what may happen before, during, or after a claim. The exact impact of Commercial Property Insurance depends on the policy form, endorsements, limits, deductibles, exclusions, state law, and the facts of the loss or account.
A commercial umbrella provides additional liability limits over business liability policies and may broaden certain coverages.
Commercial Umbrella is an important insurance concept because it can affect how coverage is selected, priced, interpreted, or applied at claim time. In practical terms, it helps explain what the policy may do, what the insured may be responsible for, or how the insurance company may evaluate a covered situation. This term is commonly associated with Commercial Umbrella. For business insurance customers, understanding Commercial Umbrella can make it easier to compare policies, ask better questions, avoid coverage gaps, and understand what may happen before, during, or after a claim. The exact impact of Commercial Umbrella depends on the policy form, endorsements, limits, deductibles, exclusions, state law, and the facts of the loss or account.
Comparative negligence reduces recovery based on each party's percentage of fault, depending on state law.
Comparative Negligence is an important insurance concept because it can affect how coverage is selected, priced, interpreted, or applied at claim time. In practical terms, it helps explain what the policy may do, what the insured may be responsible for, or how the insurance company may evaluate a covered situation. This term is commonly associated with Auto, Liability. For business insurance customers, understanding Comparative Negligence can make it easier to compare policies, ask better questions, avoid coverage gaps, and understand what may happen before, during, or after a claim. The exact impact of Comparative Negligence depends on the policy form, endorsements, limits, deductibles, exclusions, state law, and the facts of the loss or account.
Comprehensive coverage helps pay for vehicle damage from non-collision causes such as theft, fire, vandalism, hail, flood, falling objects, or animal impact.
Comprehensive Coverage is an important insurance concept because it can affect how coverage is selected, priced, interpreted, or applied at claim time. In practical terms, it helps explain what the policy may do, what the insured may be responsible for, or how the insurance company may evaluate a covered situation. This term is commonly associated with Personal Auto, Commercial Auto, Motorcycle, RV. For powersports insurance customers, understanding Comprehensive Coverage can make it easier to compare policies, ask better questions, avoid coverage gaps, and understand what may happen before, during, or after a claim. The exact impact of Comprehensive Coverage depends on the policy form, endorsements, limits, deductibles, exclusions, state law, and the facts of the loss or account.
A condition is a policy requirement that must be satisfied, such as prompt notice, cooperation, premium payment, or protection of property.
Condition is an important insurance concept because it can affect how coverage is selected, priced, interpreted, or applied at claim time. In practical terms, it helps explain what the policy may do, what the insured may be responsible for, or how the insurance company may evaluate a covered situation. This term is commonly associated with All Insurance Types. For business insurance customers, understanding Condition can make it easier to compare policies, ask better questions, avoid coverage gaps, and understand what may happen before, during, or after a claim. The exact impact of Condition depends on the policy form, endorsements, limits, deductibles, exclusions, state law, and the facts of the loss or account.
Condo insurance covers unit owners for personal property, interior improvements, liability, loss of use, and loss assessment exposures.
Condo Insurance is an important insurance concept because it can affect how coverage is selected, priced, interpreted, or applied at claim time. In practical terms, it helps explain what the policy may do, what the insured may be responsible for, or how the insurance company may evaluate a covered situation. This term is commonly associated with Condo. For personal insurance customers, understanding Condo Insurance can make it easier to compare policies, ask better questions, avoid coverage gaps, and understand what may happen before, during, or after a claim. The exact impact of Condo Insurance depends on the policy form, endorsements, limits, deductibles, exclusions, state law, and the facts of the loss or account.
Construction type classifies buildings by materials and fire resistance, such as frame, masonry, noncombustible, or fire resistive.
Construction Type is an important insurance concept because it can affect how coverage is selected, priced, interpreted, or applied at claim time. In practical terms, it helps explain what the policy may do, what the insured may be responsible for, or how the insurance company may evaluate a covered situation. This term is commonly associated with Commercial Property, Homeowners. For personal insurance customers, understanding Construction Type can make it easier to compare policies, ask better questions, avoid coverage gaps, and understand what may happen before, during, or after a claim. The exact impact of Construction Type depends on the policy form, endorsements, limits, deductibles, exclusions, state law, and the facts of the loss or account.
Contractors equipment coverage insures mobile machinery, tools, and equipment used by contractors.
Contractors Equipment Coverage is an important insurance concept because it can affect how coverage is selected, priced, interpreted, or applied at claim time. In practical terms, it helps explain what the policy may do, what the insured may be responsible for, or how the insurance company may evaluate a covered situation. This term is commonly associated with Inland Marine, Contractors. For powersports insurance customers, understanding Contractors Equipment Coverage can make it easier to compare policies, ask better questions, avoid coverage gaps, and understand what may happen before, during, or after a claim. The exact impact of Contractors Equipment Coverage depends on the policy form, endorsements, limits, deductibles, exclusions, state law, and the facts of the loss or account.
Contractors insurance commonly includes general liability, workers compensation, commercial auto, tools, equipment, and bonds for construction trades.
Contractors Insurance is an important insurance concept because it can affect how coverage is selected, priced, interpreted, or applied at claim time. In practical terms, it helps explain what the policy may do, what the insured may be responsible for, or how the insurance company may evaluate a covered situation. This term is commonly associated with Contractors, Business Insurance. For business insurance customers, understanding Contractors Insurance can make it easier to compare policies, ask better questions, avoid coverage gaps, and understand what may happen before, during, or after a claim. The exact impact of Contractors Insurance depends on the policy form, endorsements, limits, deductibles, exclusions, state law, and the facts of the loss or account.
Contractors pollution liability covers pollution conditions caused by contracting operations.
Contractors Pollution Liability is an important insurance concept because it can affect how coverage is selected, priced, interpreted, or applied at claim time. In practical terms, it helps explain what the policy may do, what the insured may be responsible for, or how the insurance company may evaluate a covered situation. This term is commonly associated with Environmental, Contractors. For business insurance customers, understanding Contractors Pollution Liability can make it easier to compare policies, ask better questions, avoid coverage gaps, and understand what may happen before, during, or after a claim. The exact impact of Contractors Pollution Liability depends on the policy form, endorsements, limits, deductibles, exclusions, state law, and the facts of the loss or account.
Contractual liability is liability assumed under a contract; coverage depends on whether the agreement qualifies as an insured contract and whether exclusions apply.
Contractual Liability is an important insurance concept because it can affect how coverage is selected, priced, interpreted, or applied at claim time. In practical terms, it helps explain what the policy may do, what the insured may be responsible for, or how the insurance company may evaluate a covered situation. This term is commonly associated with General Liability, Commercial Auto, Umbrella. For business insurance customers, understanding Contractual Liability can make it easier to compare policies, ask better questions, avoid coverage gaps, and understand what may happen before, during, or after a claim. The exact impact of Contractual Liability depends on the policy form, endorsements, limits, deductibles, exclusions, state law, and the facts of the loss or account.
A cooperation clause requires the insured to cooperate with the insurer in investigating, defending, and settling claims.
Cooperation Clause is an important insurance concept because it can affect how coverage is selected, priced, interpreted, or applied at claim time. In practical terms, it helps explain what the policy may do, what the insured may be responsible for, or how the insurance company may evaluate a covered situation. This term is commonly associated with Liability, Auto, Property. For business insurance customers, understanding Cooperation Clause can make it easier to compare policies, ask better questions, avoid coverage gaps, and understand what may happen before, during, or after a claim. The exact impact of Cooperation Clause depends on the policy form, endorsements, limits, deductibles, exclusions, state law, and the facts of the loss or account.
A copayment is a fixed amount the insured pays for a covered healthcare service or prescription.
Copayment is an important insurance concept because it can affect how coverage is selected, priced, interpreted, or applied at claim time. In practical terms, it helps explain what the policy may do, what the insured may be responsible for, or how the insurance company may evaluate a covered situation. This term is commonly associated with Health Insurance. For benefits insurance customers, understanding Copayment can make it easier to compare policies, ask better questions, avoid coverage gaps, and understand what may happen before, during, or after a claim. The exact impact of Copayment depends on the policy form, endorsements, limits, deductibles, exclusions, state law, and the facts of the loss or account.
Crop insurance protects farmers against covered crop losses caused by weather, disease, price changes, or other agricultural risks.
Crop Insurance is an important insurance concept because it can affect how coverage is selected, priced, interpreted, or applied at claim time. In practical terms, it helps explain what the policy may do, what the insured may be responsible for, or how the insurance company may evaluate a covered situation. This term is commonly associated with Agriculture, Crop. For business insurance customers, understanding Crop Insurance can make it easier to compare policies, ask better questions, avoid coverage gaps, and understand what may happen before, during, or after a claim. The exact impact of Crop Insurance depends on the policy form, endorsements, limits, deductibles, exclusions, state law, and the facts of the loss or account.
Cyber crime coverage addresses theft or fraud involving computers, networks, electronic funds transfer, or social engineering, depending on policy wording.
Cyber Crime is an important insurance concept because it can affect how coverage is selected, priced, interpreted, or applied at claim time. In practical terms, it helps explain what the policy may do, what the insured may be responsible for, or how the insurance company may evaluate a covered situation. This term is commonly associated with Cyber Liability, Crime. For business insurance customers, understanding Cyber Crime can make it easier to compare policies, ask better questions, avoid coverage gaps, and understand what may happen before, during, or after a claim. The exact impact of Cyber Crime depends on the policy form, endorsements, limits, deductibles, exclusions, state law, and the facts of the loss or account.
Cyber extortion coverage addresses ransom demands, negotiation expenses, and related costs arising from cyber extortion events, subject to conditions.
Cyber Extortion is an important insurance concept because it can affect how coverage is selected, priced, interpreted, or applied at claim time. In practical terms, it helps explain what the policy may do, what the insured may be responsible for, or how the insurance company may evaluate a covered situation. This term is commonly associated with Cyber Liability. For business insurance customers, understanding Cyber Extortion can make it easier to compare policies, ask better questions, avoid coverage gaps, and understand what may happen before, during, or after a claim. The exact impact of Cyber Extortion depends on the policy form, endorsements, limits, deductibles, exclusions, state law, and the facts of the loss or account.
Cyber liability covers losses and liabilities involving data breaches, network security failures, privacy incidents, cyber extortion, and related expenses.
Cyber Liability is an important insurance concept because it can affect how coverage is selected, priced, interpreted, or applied at claim time. In practical terms, it helps explain what the policy may do, what the insured may be responsible for, or how the insurance company may evaluate a covered situation. This term is commonly associated with Cyber Liability, Technology, Business Insurance. For business insurance customers, understanding Cyber Liability can make it easier to compare policies, ask better questions, avoid coverage gaps, and understand what may happen before, during, or after a claim. The exact impact of Cyber Liability depends on the policy form, endorsements, limits, deductibles, exclusions, state law, and the facts of the loss or account.
