Concierge Insurance.
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Common terms from your policies — short definitions, examples, and which coverages they relate to.
9 terms
Umbrella insurance provides additional liability limits above underlying policies and may broaden coverage for certain liability exposures.
Umbrella 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 Personal Umbrella, Commercial Umbrella. For personal insurance customers, understanding Umbrella 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 Umbrella Insurance depends on the policy form, endorsements, limits, deductibles, exclusions, state law, and the facts of the loss or account.
Underinsured motorist coverage helps pay when an at-fault driver has insurance but not enough limits to fully cover the loss.
Underinsured Motorist 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. For powersports insurance customers, understanding Underinsured Motorist 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 Underinsured Motorist Coverage depends on the policy form, endorsements, limits, deductibles, exclusions, state law, and the facts of the loss or account.
Underlying insurance is the primary coverage maintained beneath an umbrella or excess policy.
Underlying 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 Umbrella, Excess Liability. For business insurance customers, understanding Underlying 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 Underlying Insurance depends on the policy form, endorsements, limits, deductibles, exclusions, state law, and the facts of the loss or account.
Underwriting is the process an insurer uses to evaluate risk, determine eligibility, set terms, and price coverage.
Underwriting 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 Underwriting 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 Underwriting depends on the policy form, endorsements, limits, deductibles, exclusions, state law, and the facts of the loss or account.
Unearned premium is the portion of premium for the remaining coverage period that has not yet been earned by the insurer.
Unearned Premium 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 Unearned Premium 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 Unearned Premium depends on the policy form, endorsements, limits, deductibles, exclusions, state law, and the facts of the loss or account.
Uninsured motorist coverage helps pay for covered injuries or damages caused by a driver with no insurance or an unidentified hit-and-run driver.
Uninsured Motorist 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. For powersports insurance customers, understanding Uninsured Motorist 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 Uninsured Motorist Coverage depends on the policy form, endorsements, limits, deductibles, exclusions, state law, and the facts of the loss or account.
Universal life insurance is permanent life coverage with flexible premiums and adjustable death benefits, subject to policy charges and performance.
Universal Life 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 Life Insurance. For benefits insurance customers, understanding Universal Life 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 Universal Life Insurance depends on the policy form, endorsements, limits, deductibles, exclusions, state law, and the facts of the loss or account.
Unoccupied property has contents or furnishings but is not currently used or lived in; coverage restrictions may apply.
Unoccupied Property 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, Commercial Property. For personal insurance customers, understanding Unoccupied Property 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 Unoccupied Property depends on the policy form, endorsements, limits, deductibles, exclusions, state law, and the facts of the loss or account.
Utility services coverage addresses loss caused by interruption of power, water, or communications service, depending on policy terms.
Utility Services 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 Utility Services 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 Utility Services Coverage depends on the policy form, endorsements, limits, deductibles, exclusions, state law, and the facts of the loss or account.
