Insurance is more important than ever, yet the terminology used in insurance policies is often extremely confusing to consumers. There is a general vocabulary used in most policies, but there are also very specific terms used in different types of insurance. A good insurance agent will do their best to explain the language of a policy, but a customer may still only have a partial understanding of its meaning. A glossary of insurance terms increases the consumer’s comfort level by allowing them to reference difficult terminology, and it allows the insurance agent to clarify a term in common language. Both parties benefit from the mutual understanding that this creates.
General Insurance Glossaries
Specific Insurance Glossaries
Reinsurance
Risk Management
Additional Insurance Information