Investopedia.com

Investopedia: Sharper insight, better investing.

Investopedia is the world's leading source of financial content on the web, ranging from market news to retirement strategies, investing education to insights from advisors.

Actived: Saturday Oct 17, 2020

URL: https://www.investopedia.com/

Insurance Definition - investopedia.com

Details: Least Expensive Alternative Treatment (LEAT): A clause in an insurance policy that indicates that the insurer will only cover the least expensive option for treatment, repair, or remediation. The

› Verified 3 days ago

› Url: https://www.investopedia.com/terms/i/insurance.asp Go Now

› Get more:  Insurance QuotesGo Now

Insurance: The Complete Guide - Investopedia

Details: Honorable Undertaking: A reinsurance treaty clause indicating that the agreement should not be voided by an overly narrow or strict interpretation of the agreement’s language. The honorable

› Verified 1 days ago

› Url: https://www.investopedia.com/insurance-4427716 Go Now

› Get more:  Insurance QuotesGo Now

What Is Comprehensive Insurance?

Details: An insurance claim is a formal request by a policyholder to an insurance company for coverage or compensation for a covered loss or policy event. The insurance company validates the claim and

› Verified 3 days ago

› Url: https://www.investopedia.com/terms/c/comprehensive-insurance.asp Go Now

› Get more:  Insurance QuotesGo Now

The 5 Best Long-Term Care Insurance of 2020

Details: Insurance premiums, on the other hand, cost about $2,700 on average per year. Consider that expense over 20 to 30 years, which adds up to a much lower $54,000 to $81,000.

› Verified 2 months ago

› Url: https://www.investopedia.com/best-long-term-care-insurance-5070718 Go Now

› Get more:  Insurance QuotesGo Now

Guide to Life Insurance

Details: Life insurance is a legally binding contract. For the contract to be enforceable, the life insurance application must accurately disclose the insured’s past and current health conditions and

› Verified 2 days ago

› Url: https://www.investopedia.com/terms/l/lifeinsurance.asp Go Now

› Get more:  Life,  HealthGo Now

The 6 Best Drone Insurance Companies of 2020

Details: Avion Insurance is tops in this category based on the commercial value of the policies it offers, including coverage of aerial photography and related gear. Since the company’s founding in 1985

› Verified 2 months ago

› Url: https://www.investopedia.com/best-drone-insurance-5073798 Go Now

› Get more:  Insurance QuotesGo Now

Insurance Claim Definition - investopedia.com

Details: Validation Period: The amount of time necessary for the premium on an insurance policy to cover the commissions, the cost of investigation, medical exams and other expenses associated with the

› Verified 3 days ago

› Url: https://www.investopedia.com/terms/i/insurance_claim.asp Go Now

› Get more:  MedicalGo Now

Insurance Score Definition

Details: An insurance score is a credit rating used by insurance companies to assess a potential insured consumer's level of risk. The insurance score is one of the primary determinants in how much monthly

› Verified 4 days ago

› Url: https://www.investopedia.com/terms/i/insurancescore.asp Go Now

› Get more:  Insurance QuotesGo Now

The 9 Best Pet Insurance Plans of 2020

Details: Pet insurance is a type of insurance policy that helps protect you financially in the event of unexpected veterinary costs. Every month, you pay a premium to the insurance company in exchange for

› Verified 2 days ago

› Url: https://www.investopedia.com/best-pet-insurance-4787972 Go Now

› Get more:  Insurance QuotesGo Now

Directors and Officers Liability Insurance: Overview

Details: Directors and officers liability insurance is akin to corporate governance, corporate law, and the fiduciary duty owed to stakeholders, such as shareholders and beneficiaries.

› Verified 4 days ago

› Url: https://www.investopedia.com/terms/d/directors-and-officers-liability-insurance.asp Go Now

› Get more:  Insurance QuotesGo Now

Homeowners Insurance Definition

Details: Wedding Presents Floater: A type of insurance that can be added to a renter's or homeowner's insurance policy to temporarily cover the value of the gifts a couple receives when they get married

› Verified 2 days ago

› Url: https://www.investopedia.com/terms/h/homeowners-insurance.asp Go Now

› Get more:  HomeownerGo Now

Mortgage Insurance Definition

Details: Mortgage insurance is an insurance policy that protects a mortgage lender or titleholder if the borrower defaults on payments, passes away, or is otherwise unable to meet the contractual

› Verified 2 days ago

› Url: https://www.investopedia.com/terms/m/mortgage-insurance.asp Go Now

› Get more:  MortgageGo Now

What Is Bailee's Customer Insurance?

Details: Regular business property insurance plans cover only the property of the business owner. Any business that routinely accepts custody of customers' property may also need bailee's customer insurance.

› Verified 2 days ago

› Url: https://www.investopedia.com/terms/b/bailees-customers-insurance.asp Go Now

› Get more:  BusinessGo Now

Accidental Death and Dismemberment (AD&D) Insurance

Details: Accidental death and dismemberment (AD&D) insurance usually takes the form of a rider to a life insurance policy. AD&D insurance pays benefits in the case of a person’s accidental death or

› Verified 2 days ago

› Url: https://www.investopedia.com/terms/a/accidental-death-dismemberment-insurance.asp Go Now

› Get more:  LifeGo Now

Liability Insurance Definition - Investopedia

Details: Liability insurance is any insurance policy that protects an individual or business from the risk that they may be sued and held legally liable for something such as malpractice, injury or negligence.

› Verified 3 days ago

› Url: https://www.investopedia.com/terms/l/liability_insurance.asp Go Now

› Get more:  BusinessGo Now

Hazard Insurance Definition

Details: Hazard insurance protects a property owner against damage caused by fires, severe storms, and other natural events. Hazard insurance usually refers to a section of a general homeowners insurance

› Verified 2 days ago

› Url: https://www.investopedia.com/terms/h/hazardinsurance.asp Go Now

› Get more:  HomeownerGo Now

Defining Casualty Insurance

Details: What Is Casualty Insurance? Casualty insurance is a broad category of insurance coverage for individuals, employers, and businesses against loss of property, damage, or other liabilities.

› Verified 2 days ago

› Url: https://www.investopedia.com/terms/c/casualtyinsurance.asp Go Now

› Get more:  BusinessGo Now

Insurance Premium Definition

Details: An insurance premium is the amount of money an individual or business must pay for an insurance policy. Insurance premiums are paid for policies that cover healthcare, auto, home, and life insurance.

› Verified 2 days ago

› Url: https://www.investopedia.com/terms/i/insurance-premium.asp Go Now

› Get more:  Auto,  Life,  Health,  BusinessGo Now

Insurance Coverage Definition - investopedia.com

Details: Boom Coverage: An endorsement to a policy ensuring contractor’s equipment that provides coverage for damage caused by cranes. Boom coverage is an add-on feature of the policy, and accepting this

› Verified 3 days ago

› Url: https://www.investopedia.com/terms/i/insurance-coverage.asp Go Now

› Get more:  Insurance QuotesGo Now

Insurance Proceeds Definition

Details: Insurance proceeds are benefits paid out on insurance policies as a result of an insurance claim. The proceeds received from an insurance policy are used to cover any financial losses resulting

› Verified 3 days ago

› Url: https://www.investopedia.com/terms/i/insurance-proceeds.asp Go Now

› Get more:  Insurance QuotesGo Now

Coinsurance Definition

Details: Copay plans may make it easier for insurance holders to budget their out-of-pocket costs because it is a fixed amount. Coinsurance usually splits the costs with the policyholder 80/20 percent.

› Verified 2 days ago

› Url: https://www.investopedia.com/terms/c/coinsurance.asp Go Now

› Get more:  Insurance QuotesGo Now

4 Types of Insurance Everyone Needs - Investopedia

Details: An insurance claim is a formal request by a policyholder to an insurance company for coverage or compensation for a covered loss or policy event. The insurance company validates the claim and

› Verified 2 days ago

› Url: https://www.investopedia.com/financial-edge/0212/4-types-of-insurance-everyone-needs.aspx Go Now

› Get more:  Insurance QuotesGo Now

The 6 Best Whole Life Insurance Companies of 2020

Details: Northwestern Mutual is a well-known insurance company founded in 1857. The company has an A++ rating with AM Best and only had eight complaints in 2019 with the National Association of Insurance

› Verified 2 months ago

› Url: https://www.investopedia.com/best-whole-life-insurance-4845955 Go Now

› Get more:  Insurance QuotesGo Now

Introduction to Auto Insurance - Investopedia

Details: Auto Insurance: An auto insurance is a policy purchased by vehicle owners to mitigate costs associated with getting into an auto accident. Instead of paying out of pocket for auto accidents

› Verified 2 days ago

› Url: https://www.investopedia.com/terms/a/auto-insurance.asp Go Now

› Get more:  AutoGo Now

What Is Gap Insurance?

Details: Gap insurance is a type of auto insurance that car owners can purchase to protect themselves against losses that can arise when the amount of compensation received from a total loss does not fully

› Verified 2 days ago

› Url: https://www.investopedia.com/terms/g/gapinsurance.asp Go Now

› Get more:  AutoGo Now

Reinsurance: Insurance for the Insurer

Details: Time And Distance Policy: A reinsurance treaty in which a ceding insurer transfers a lump sum of its premiums to a reinsurer, and over time is returned a portion of the unused premiums. Time and

› Verified 2 days ago

› Url: https://www.investopedia.com/terms/r/reinsurance.asp Go Now

› Get more:  Insurance QuotesGo Now

Broad Form Insurance Definition - Investopedia

Details: Broad Form Insurance: Insurance coverage that extends beyond the basics to include rare events that may be of serious risk to the insured. This type of insurance usually requires that a higher

› Verified 3 days ago

› Url: https://www.investopedia.com/terms/b/broad-form-insurance.asp Go Now

› Get more:  Insurance QuotesGo Now

Insurance, Excess Insurance, and Reinsurance

Details: Coincidental Excess Coverage: Insurance coverage that provides excess coverage for a specified event or circumstance. Coincidental excess coverage will only apply under certain circumstances, and

› Verified 2 days ago

› Url: https://www.investopedia.com/articles/personal-finance/081116/insurance-excess-insurance-and-reinsurance-whats-difference-all.asp Go Now

› Get more:  Insurance QuotesGo Now

Term Life Insurance Definition - Investopedia

Details: Term Life Insurance: A type of life insurance with a limited coverage period. Once that period or "term" is up, it is up to the policy owner to decide whether to renew or to let the coverage end

› Verified 2 days ago

› Url: https://www.investopedia.com/terms/t/termlife.asp Go Now

› Get more:  LifeGo Now

Assurance Definition

Details: An insurance claim is a formal request by a policyholder to an insurance company for coverage or compensation for a covered loss or policy event. The insurance company validates the claim and

› Verified 2 days ago

› Url: https://www.investopedia.com/terms/a/assurance.asp Go Now

› Get more:  Insurance QuotesGo Now

Commercial General Liability (CGL) Definition

Details: Commercial general liability (CGL) is a form of comprehensive insurance that offers coverage in case of damage or injury caused by a business’s operations or products, or on its premises.

› Verified 2 days ago

› Url: https://www.investopedia.com/terms/c/commercial-general-liability-cgl.asp Go Now

› Get more:  BusinessGo Now

Uninsured Motorist Coverage (UM) Definition

Details: An insurance claim is a formal request by a policyholder to an insurance company for coverage or compensation for a covered loss or policy event. The insurance company validates the claim and

› Verified 2 days ago

› Url: https://www.investopedia.com/terms/u/uninsured-motorist-coverage-um.asp Go Now

› Get more:  Insurance QuotesGo Now

Business Insurance - investopedia.com

Details: Business insurance refers broadly to a class of insurance coverage intended for purchase by businesses rather than individuals. Businesses seek insurance to cover potential damage to property, to

› Verified 2 days ago

› Url: https://www.investopedia.com/terms/b/business-insurance.asp Go Now

› Get more:  BusinessGo Now

Rider Definition

Details: A rider is an insurance policy provision that adds benefits to or amends the terms of a basic insurance policy such as additional coverage. Riders come at an extra cost—on top of the premiums an

› Verified 4 days ago

› Url: https://www.investopedia.com/terms/r/rider.asp Go Now

› Get more:  Insurance QuotesGo Now

Certificate of Insurance (COI) Definition

Details: A certificate of insurance (COI) is a non-negotiable document issued by an insurance company or broker verifying the existence of an insurance policy.

› Verified 3 days ago

› Url: https://www.investopedia.com/terms/c/certificate_of_insurance.asp Go Now

› Get more:  Insurance QuotesGo Now

Health Insurance Definition

Details: Disease Management Program: A program offered by a health insurance company to manage the costs of policyholders’ chronic health conditions. Disease management programs can help control health

› Verified 2 days ago

› Url: https://www.investopedia.com/terms/h/healthinsurance.asp Go Now

› Get more:  HealthGo Now

The 5 Best Short-Term Health Insurance Providers of 2020

Details: The IHC Group is an organization of insurance carriers operating in 23 states and including member insurers such as Standard Security Life, Madison National, and Independence American Insurance

› Verified 4 months ago

› Url: https://www.investopedia.com/best-short-term-health-insurance-4844942 Go Now

› Get more:  LifeGo Now

What Is Reinsurance? - Investopedia

Details: Peter J. Creedon, CFP®, ChFC®, CLU® Crystal Brook Advisors, New York, NY Reinsurance is a way a company lowers its risk or exposure to an untoward event. The idea is that no insurance company

› Verified 2 days ago

› Url: https://www.investopedia.com/ask/answers/08/reinsurance.asp Go Now

› Get more:  Insurance QuotesGo Now

Property Insurance Definition - investopedia.com

Details: Work And Materials Clause: A provision in many property insurance policies that allows the policyholder to use the insured premises to store materials and to use the materials in the manner

› Verified 3 days ago

› Url: https://www.investopedia.com/terms/p/property-insurance.asp Go Now

› Get more:  Insurance QuotesGo Now

Construction Occupancy Protection Exposure (COPE)

Details: COPE stands for construction, occupancy, protection, exposure. These are the main areas that an insurance underwriter must evaluate when writing an insurance policy for a property.

› Verified 2 days ago

› Url: https://www.investopedia.com/terms/c/cope-insurance.asp Go Now

› Get more:  Insurance QuotesGo Now

Cost, Insurance, and Freight (CIF) Definition

Details: Cost, insurance, and freight (CIF) is a common method of import and export shipping. CIF determines when the responsibility for goods transfers from the seller to the buyer.

› Verified 3 days ago

› Url: https://www.investopedia.com/terms/c/cif.asp Go Now

› Get more:  Insurance QuotesGo Now

Insurance Underwriter Definition - investopedia.com

Details: Advanced Life Underwriting: The process of integrating the complex insurance issues of estate planning, taxation, business insurance and employee benefit plans. Advanced life underwriting can

› Verified 3 days ago

› Url: https://www.investopedia.com/terms/i/insurance-underwriter.asp Go Now

› Get more:  Life,  BusinessGo Now

Fire Insurance: When Homeowners Insurance Coverage Isn't

Details: How Fire Insurance Works . Homeowners insurance provides policyholders with coverage against loss and/or damage to their homes and possessions, also referred to as insured property.This is a

› Verified 2 days ago

› Url: https://www.investopedia.com/terms/f/fire-insurance.asp Go Now

› Get more:  HomeownerGo Now

How Umbrella Insurance Works - Investopedia

Details: Umbrella insurance is a type of personal liability insurance that covers claims in excess of regular homeowners, auto, or watercraft policy coverage.

› Verified 2 days ago

› Url: https://www.investopedia.com/articles/personal-finance/040115/how-umbrella-insurance-works.asp Go Now

› Get more:  Homeowner,  AutoGo Now

Bad Faith Insurance Definition

Details: An insurance claim is a formal request by a policyholder to an insurance company for coverage or compensation for a covered loss or policy event. The insurance company validates the claim and

› Verified 3 days ago

› Url: https://www.investopedia.com/terms/b/bad-faith-insurance.asp Go Now

› Get more:  Insurance QuotesGo Now

Subrogation Definition

Details: Insurance policies may contain language that entitles an insurer, once losses are paid on claims, to seek recovery of funds from a third party if that third party caused the loss. The insured does

› Verified 3 days ago

› Url: https://www.investopedia.com/terms/s/subrogation.asp Go Now

› Get more:  Insurance QuotesGo Now

What Is Accounts Receivable Insurance?

Details: Accounts receivable insurance protects a company against financial losses caused by damage to its accounts receivable records. This type of coverage is important because the loss of accounts

› Verified 2 days ago

› Url: https://www.investopedia.com/terms/a/accounts-receivable-insurance.asp Go Now

› Get more:  Insurance QuotesGo Now

Treaty Reinsurance Definition

Details: Treaty reinsurance is insurance purchased by an insurance company from another insurer. The issuing company is called the cedent, while the reinsurer is the purchasing company, which assumes the

› Verified 2 days ago

› Url: https://www.investopedia.com/terms/t/treaty-reinsurance.asp Go Now

› Get more:  Insurance QuotesGo Now