Concierge Insurance.
From Start to Claim™
Common terms from your policies — short definitions, examples, and which coverages they relate to.
13 terms
Identity theft coverage or assistance helps pay certain expenses related to restoring identity after fraud, subject to policy terms.
Identity Theft 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 Homeowners, Renters, Condo, Cyber. For personal insurance customers, understanding Identity Theft 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 Identity Theft Coverage depends on the policy form, endorsements, limits, deductibles, exclusions, state law, and the facts of the loss or account.
An impaired property exclusion limits coverage for property made less useful by the insured's defective product or work.
Impaired Property 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, Products Liability. For business insurance customers, understanding Impaired Property 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 Impaired Property Exclusion depends on the policy form, endorsements, limits, deductibles, exclusions, state law, and the facts of the loss or account.
Increased cost of construction coverage pays added costs to meet current codes after a covered loss.
Increased Cost of Construction 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, Homeowners, Commercial Property. For personal insurance customers, understanding Increased Cost of Construction 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 Increased Cost of Construction depends on the policy form, endorsements, limits, deductibles, exclusions, state law, and the facts of the loss or account.
Incurred loss equals paid losses plus outstanding reserves for a claim or group of claims.
Incurred Loss 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, Workers Compensation. For business insurance customers, understanding Incurred Loss 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 Incurred Loss depends on the policy form, endorsements, limits, deductibles, exclusions, state law, and the facts of the loss or account.
An independent adjuster is hired by an insurer to investigate or handle claims but is not an employee of the insurer.
Independent Adjuster 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 Independent Adjuster 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 Independent Adjuster depends on the policy form, endorsements, limits, deductibles, exclusions, state law, and the facts of the loss or account.
An independent contractor is self-employed or separately engaged to perform work; insurance treatment depends on duties, control, contracts, and law.
Independent Contractor 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, Workers Compensation. For business insurance customers, understanding Independent Contractor 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 Independent Contractor depends on the policy form, endorsements, limits, deductibles, exclusions, state law, and the facts of the loss or account.
Inland marine insurance covers movable property, property in transit, specialized equipment, bailee exposures, and property away from fixed premises.
Inland Marine 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 Inland Marine, Commercial Property. For powersports insurance customers, understanding Inland Marine 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 Inland Marine Insurance depends on the policy form, endorsements, limits, deductibles, exclusions, state law, and the facts of the loss or account.
An installation floater covers property being installed by a contractor while in transit, at a jobsite, or awaiting installation.
Installation Floater 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 Installation Floater 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 Installation Floater depends on the policy form, endorsements, limits, deductibles, exclusions, state law, and the facts of the loss or account.
Insurable interest means a person or organization would suffer financial loss or legal harm if the insured event occurred.
Insurable Interest 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 Insurable Interest 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 Insurable Interest depends on the policy form, endorsements, limits, deductibles, exclusions, state law, and the facts of the loss or account.
An insurance score is a score based on credit-related and other permitted data used by some insurers for rating or underwriting.
Insurance Score 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, Homeowners. For personal insurance customers, understanding Insurance Score 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 Insurance Score depends on the policy form, endorsements, limits, deductibles, exclusions, state law, and the facts of the loss or account.
Insurance to value compares the amount of insurance carried with the estimated amount needed to adequately insure property.
Insurance to 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 Property Insurance. For business insurance customers, understanding Insurance to 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 Insurance to Value depends on the policy form, endorsements, limits, deductibles, exclusions, state law, and the facts of the loss or account.
An insured contract is a defined type of contract for which certain assumed liability may be covered.
Insured Contract 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. For business insurance customers, understanding Insured Contract 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 Insured Contract depends on the policy form, endorsements, limits, deductibles, exclusions, state law, and the facts of the loss or account.
An ISO form is a standardized insurance policy or endorsement form developed by Insurance Services Office and used or adapted by insurers.
ISO Form 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, Personal Insurance. For business insurance customers, understanding ISO Form 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 ISO Form depends on the policy form, endorsements, limits, deductibles, exclusions, state law, and the facts of the loss or account.
