Insurance Glossary
Common insurance terms explained in simple language
The amount you pay for your insurance policy, typically monthly or annually.
The amount you must pay out-of-pocket before your insurance coverage kicks in.
The protection provided by an insurance policy against specific risks or losses.
Insurance that covers damages you're legally responsible for causing to others.
Auto insurance that covers damage to your vehicle from non-collision events like theft or weather.
Auto insurance that covers damage to your vehicle from accidents with other vehicles or objects.
Life insurance that provides coverage for a specific period of time.
Permanent life insurance that builds cash value over time.
A fixed amount you pay for covered healthcare services, usually at the time of service.
The most you'll pay for covered services in a policy period before insurance pays 100%.