Insurance Terminology

Terminology by Policy Type
General terms


Deductibles
Dynamic risks
Fundamental risks
Particular risks

Pure risks
Speculative risks
Static risks
Commercial Property Policy   

168-hour provision    
Actual cash value    
Agreed Amount Coverage    
Basic form (Cause of Loss)   
Broad form   
Builders risk coverage form     

Building property  

Business income    
Business income - What is covered    
Business income - Coinsurance     
Business income - Covered causes   
Business income - Optional coverages   
Business income - Tuition fees insurance    

Business personal property
Business personal property coverage  

Co-insurance  

Conditions (commercial property policy)  



Earthquake insurance    

Falling objects    

Glass breakage     

Glass coverage form    


Hostile fire    



Inflation guard   

Jewelry and furs limitations    

Loss payable clause    

Mortgagee  

Mortgageholder   

Pro-rata Distribution     

Protection for 3rd party (mortgagee)  

Proximate cause   

Rev V vs Shaws V   

Replacement cost    

Special Form    

Theft    



Voluntary surrender or property    

Value Reporting         




Water damage    
Commercial Package Policy


Building property
Business personal property

Conditions (common policy)
Personal Automobile Policy


Collision


Comprehensive
Property damage (PD)

Uninsured motorist
Dwelling/Homeowners Policy

Dwelling Policy DP1, DP2, DP3    
Homeowner 1 (HO1)   
Homeowner policies  
Homeowner form - What is covered    
Homeowner form - What is not covered   
Homeowner 2 (HO2)   
Homeowner 3 (HO3)   
Homeowner 4 (HO4)   
Homeowners 5 (HO5)   
Homeowners 6 (HO6)   
Homeowner 8 (HO8)  
Medical Payments to Others   
Personal Liability