Insurish Definitions - insurISH

insurish: The dictionary-ish Guide

Where we try to make sense of all the tricky insurance terms. Because nobody should need a translator for their own policy.

A

Accelerated Death Benefit: ⚡ When life throws a serious curveball, this lets you tap into your life insurance payout early—so you can cover medical costs, bucket-list adventures, or just enjoy the time you have.

Accident: 🚙 An unplanned “Oops!” – usually involving cars, coffee spills, or questionable life choices.

Accident Forgiveness: 🚘 A get-out-of-rate-hike-free card—some insurers let you have one accident without raising your premium.

Accident Health Insurance Supplement: 🚑 Extra coverage that steps in when life hits hard helping pay for medical bills, lost wages, or other costs after an accident. Think of it as a financial cushion for those unexpected “Oops!” moments. Get a free quote from Insurish.

Accidental Death & Dismemberment: 💀 The “just in case” policy that pays out if a serious accident results in death or losing something important—like a limb, eyesight, or ability to function as before. Not fun to think about, but good to have.

Accumulated Cash Value: 💰 The slow-but-steady money-growing magic inside certain life insurance policies. Over time, your policy builds up cash you can borrow against or cash out—kind of like a savings account with a safety net.

Act of God: ⚡ A fancy way of saying “Mother Nature did this”—covers natural disasters like hurricanes, earthquakes, and wildfires (if included in your policy).

Actual Cash Value: 💵 What your stuff is worth right now, not what you paid for it. Depreciation takes a bite, so that brand-new couch from five years ago? Yeah, it’s not worth the same today.

Additional Insured: 💼 A bonus name on the policy—someone else (like a business partner or landlord) who gets coverage under your insurance.

Adjuster: 🕵️ The insurance detective who investigates claims, crunches numbers, and decides how much money you get after an accident or disaster. Their job? Figure out what’s fair.

Adverse Selection: 📉 When high-risk people buy more insurance than low-risk people, driving up costs for everyone. (Insurers try to avoid this.)

Agency: 🏢 The insurance HQ where agents help match you with the right coverage. Think of it as mission control for all things protection.

Agent: 🤝 Your insurance wingman—the person who finds the best policy for you, explains the fine print, and makes sure you’re covered when life throws a curveball.

Aggregate Limit: 🔄 The total max payout your insurer will cover during a policy period—once you hit it, you’re on your own.

All-Terrain Vehicle (ATV) Insurance: 🏍️ Protection for your off-road adventures. Whether you’re tearing up trails or cruising through mud, this coverage has your back if things get bumpy—literally. Get a Free quote from Insurish.

Annuity: 💰 A steady paycheck from an insurance company—often used for retirement, paying out over time instead of all at once.

Anti-Theft Device Discount: 🚗 A price break on car insurance if you have alarms, GPS trackers, or other theft-prevention devices.

Application: 📝 The “Let’s make this official” form you fill out to get insurance. Answer some questions, sign your name, and boom—you’re on your way to coverage!

Appraisal: 📊 The official price tag on your home, car, or valuables—determined by a pro to make sure you’re insuring them for the right amount. No guessing games here!

Assessed Value: 📊 What local tax authorities think your property is worth—it may be different from market value or replacement cost.

Assigned Risk: 🚘 When insurers take on high-risk drivers (who might not get coverage otherwise) through a state-assigned program.

At-Fault Accident: 🚦 When the blame is on you—your insurance (or wallet) is covering the damage.

Auto Insurance: 🚗 Your car’s financial seatbelt—covers damage, injuries, accidents, and sometimes even break-ins, so you’re not left paying out of pocket when the unexpected happens. Get a FREE quote from Insurish.

Auto Warranty Insurance: 🛠️ Think of this as breakdown coverage for your ride. If your car’s parts or systems fail after the manufacturer’s warranty expires, this helps cover the repair costs.

B

Bailee’s Coverage: 📦 Protection for other people’s stuff in your care—perfect for dry cleaners, repair shops, and storage businesses.

Beneficiary: 🧑‍⚖️ The lucky someone who gets the insurance payout when you’re no longer around. Choose wisely—this is who gets the money when life insurance kicks in.

Betterments & Improvements: 🛠️ Upgrades you make to a rented or owned space—like new floors or built-in bookshelves—that may need extra coverage.

Binder: 📄 A temporary “you’re covered” note from your insurer while the official policy is being finalized. It’s like a placeholder that says, “We got you… for now.”

Blanket Insurance: 🛡️ One policy, multiple things covered—whether it’s properties, possessions, or businesses, this keeps everything protected under one big insurance umbrella.

Boat Insurance: ⛵ Because “oops” moments happen on water too. Covers your boat, jet ski, or yacht from damage, theft, and accidents—so your dream cruise doesn’t sink your wallet. Get a FREE quote from Insurish.

Bodily Injury: 🤕 When your body takes the hit—from minor bruises to major medical bills. If you’re at fault in an accident, this helps cover the other person’s costs (so they don’t come after you instead).

Bodily Injury (BI) Coverage: 🤕 Pays for injuries you cause to others in an accident – so you don’t have to foot the medical bill alone.

Bodily Injury Liability Limits: 🤕 The max amount your insurance will pay if you injure someone in an accident. Choose wisely—because hospital bills can add up fast.

Buried Utility Coverage: 🔧 Protection for the underground stuff—like water lines, gas pipes, and electrical wiring. If something important (and expensive) breaks beneath your property, this coverage helps dig you out of trouble.

Business Income Coverage: 💰 If a disaster shuts down your biz, this coverage helps replace lost income while you get back on your feet. Bills don’t stop just because business does!

Business Interruption Insurance: 💼 Helps cover lost income if a disaster shuts your business down—so you can still pay bills and employees.

Business Owners Policy (BOP): 🏢 A power combo of business insurance—bundling property, liability, and more into one neat package. Because running a business is risky enough without juggling multiple policies. Get a FREE quote from Insurish.

Business Property Coverage: 📦 Covers all the stuff inside your business—desks, computers, inventory, even that fancy espresso machine. If it’s important to running your business, this helps protect it.

C

Cash Surrender Value: 💸 The “cash-out” option for certain life insurance policies. If you cancel, this is the amount you get back—but spoiler alert: it’s usually less than the full policy value.

Cash Value: 💰 The piggy bank inside your life insurance. Some policies build up money over time, and you can borrow against it or cash it out if needed.

Catastrophe: 🌪️ When Mother Nature goes wild—think hurricanes, earthquakes, and other disasters that cause major damage (and major insurance payouts).

Claim: 📝 Your official “Help! Something went wrong!” request to your insurance company. If approved, they cut a check to cover the damage.

Claimant: 🧑‍⚖️ The person asking for the money after a loss—whether it’s you, another driver, or someone making a claim against your policy.

Classic Car Insurance: 🚗 Special coverage for your four-wheeled treasure. Standard auto insurance won’t cut it for vintage or collectible cars—this keeps them protected while they shine. Get a FREE quote from Insurish!

Co-Insurance Clause: ⚖️ The “share the risk” rule in some policies—if you don’t insure enough of your property’s value, you might have to cover part of the loss yourself. No shortcuts here!

Co-Op Insurance: 🏢 Protection for your share of a co-op apartment—since you don’t own the unit outright, this covers your belongings and liability inside. Get a FREE quote from Insurish!

COBRA Insurance: 🏥 Lets you keep your employer’s health plan after leaving a job—but you’ll pay the full premium yourself.

Collision Coverage: 💥 When your car plays bumper cars (with another car, a tree, or, oops… a mailbox), this coverage helps pay for the repairs—no matter who’s at fault.

Commercial Auto Insurance: 🚛 Because business vehicles need protection too. Covers work trucks, delivery vans, and company cars—so your business stays on the road after an accident. Get a FREE quote from Insurish!

Commercial Excess Liability Insurance: 📈 Extra coverage when regular liability limits aren’t enough. If a big claim maxes out your policy, this steps in to cover the rest—because lawsuits aren’t cheap. Get a FREE quote from Insurish!

Commercial Property Insurance: 🏢 Keeps your business home base safe—whether it’s an office, restaurant, or warehouse. Covers buildings, inventory, and equipment if disaster strikes. Get a FREE quote from Insurish!

Commission: 💰 The thank-you-for-selling-insurance paycheck agents earn when they match you with the right coverage. No extra cost to you—just how the biz works!

Comparative Negligence: ⚖️ The blame-sharing rule—if both parties are at fault in an accident, liability (and payments) get split.

Comprehensive Coverage: 🌍 Covers the wild stuff—theft, fire, hail, even a deer deciding to play chicken with your car. If it’s not a collision but still causes damage, this has your back.

Comprehensive General Liability (CGL) Insurance: 🛡️ The “Oops, don’t sue me” policy for businesses—covering injuries, property damage, and legal costs when accidents happen on your watch. Get a FREE Insurish quote!

Conditions: 📜 The fine print rules in your policy that tell you what you need to do to stay covered—like paying your premium and reporting claims on time.

Condominium Insurance: 🏢 Covers your slice of the condo, including personal belongings and interior damage—since the homeowner association’s insurance only protects the building itself. Get a FREE quote from Insurish!

Construction Insurance: 🚧 Covers a building project from start to finish—protects against damage, theft, or accidents while under construction. aka: Builders’ Risk Insurance

Contents Coverage: 📦 Protection for all the stuff inside your home—furniture, gadgets, even your favorite fuzzy socks—if disaster strikes.

Contingency Beneficiary: 🧑‍⚖️ The backup plan for your life insurance payout—if your primary beneficiary can’t claim it, this person is next in line.

Contract: 📜 A fancy way of saying “legal promise”—in insurance, it’s the official agreement that spells out what’s covered, what’s not, and how it all works.

Contract of Adhesion: 📄 A “take it or leave it” insurance contract—you don’t get to negotiate the terms, but you can shop around.

Coverage Period: ⏳ The time frame your policy has your back. Once it expires, you’ll need to renew or find new coverage to stay protected.

Coverages: 🛡️ The menu of protections in your policy—each one spells out what’s included, so you know what’s covered (and what’s not).

Critical Care Health Insurance Supplement: 🏥 Extra financial backup for big medical scares—like heart attacks, strokes, or cancer—helping cover costs regular health insurance might not. Get a FREE quote from Insurish!

Cyber Insurance: 💻 A digital safety net for businesses—covers losses from hacks, data breaches, and online fraud, so cybercriminals don’t wreck your bottom line. Get a FREE quote from Insurish!

D

Damage by Short Circuit: ⚡ When your electronics get fried from a power surge, this coverage helps replace or repair them—because your gadgets deserve better than an unexpected blackout.

Date of Issue: 📅 The birthday of your policy—the day your coverage officially kicks in and starts protecting you.

Death Benefit: ⚰️ The payout your loved ones get when your life insurance policy kicks in. A financial safety net when they need it most.

Declarations Page: 📜 The cheat sheet of your policy—lists the important details like coverage amounts, deductibles, and who’s covered, all in one place.

Deductible: 💸 The money you pay first before insurance steps in. Higher deductible = lower premiums, but you’ll shell out more when making a claim.

Defensive Driving Discount: 🚦 A lower rate for safe drivers who complete a defensive driving course—because insurers love careful drivers.

Dental Plan Insurance: 🦷 Covers cavities, cleanings, and the occasional root canal—because smiles are expensive, but insurance helps keep the cost down. Get a FREE quote from Insurish!

Depreciation: 📉 The value drop of your stuff over time. That brand-new laptop? Not worth as much next year—insurance considers that when paying out claims.

Discount: 💰 Insurance’s way of saying “Nice job!” for safe driving, bundling policies, or having security systems—saving you money on your premium.

Dividend: 💵 A bonus check some insurance companies pay out to policyholders when they make more money than expected. Free cash? Yes, please!

Drone Insurance: 🚁 Coverage for your commercial flying tech toy—protects against crashes, damage, and even liability if your drone gets a little too adventurous. Get a FREE quote from Insurish!

Dwelling Coverage: 🏠 Protects the physical structure of your home—from the roof to the walls—against disasters like fire, storms, and rogue tree branches.

E

Earthquake Insurance: 🌍 Because when the ground shakes, so does your wallet. Covers damage from quakes since standard homeowners’ insurance doesn’t.

Effective Date: 📆 The official start line for your policy—before this date, you’re not covered. After? You’re good to go.

Endorsement: ✍️ An insurance add-on that tweaks your policy—whether it’s more coverage, less coverage, or special perks. Think of it as a policy upgrade.

Equipment Breakdown Coverage: ⚙️ Covers the big stuff when it suddenly stops working—HVAC, appliances, electrical systems—because things don’t last forever.

Errors & Omissions (E&O) Insurance: ⚖️ A “my bad” policy for professionals—covers legal fees if a mistake in your work causes financial loss for a client. Get a FREE quote from Insurish!

Escrow Account: 💳 A holding account for home insurance and taxes—your mortgage lender collects these costs monthly and pays them when due.

Exclusions: 🚫 The “Nope, we don’t cover that” section of your policy—lists all the things your insurance won’t pay for, so no surprises later.

Exclusive Agent: 🤝 An insurance matchmaker who sells policies for just one company—kind of like a brand-loyal insider.

F

Fault: ⚖️ Who’s to blame in an accident—determines whose insurance is footing the bill (and whose rates might go up).

Fiduciary Insurance: 🔑 Protects businesses that manage money or benefits—because mishandling funds can lead to big legal trouble.

Financial Responsibility Law: 💳 The “you must have insurance” rule—laws that make sure drivers can pay for damages if they cause an accident.

Fire Insurance: 🔥 Covers damage from flames, smoke, and even firefighting efforts—so one spark doesn’t burn down your finances. Get a FREE quote from Insurish!

Flood Insurance: 🌊 Because water and homes don’t mix well—protects against rising waters since standard homeowners insurance won’t. Get a FREE quote from Insurish!

Fraud: 🚔 When someone fakes an accident, claim, or policy details to get an insurance payout. Illegal, risky, and a big no-no.

Fuel-Spill Liability: ⛽ Covers cleanup costs if your vehicle, boat, or business accidentally leaks fuel into the environment.

Full Coverage: 🛡️ A combo of liability, collision, and comprehensive insurance—not a magic “everything’s covered” policy, but close.

Fungus: 🍄 Mold, mildew, and other gross growths insurance usually won’t cover—because keeping things dry is on you.

Furry Friends: 🐶 Your pets, aka family members with extra legs. Some policies help cover pet-related damage or even vet bills.

G

GAP Insurance: 🚙 Covers the difference between what your car is worth and what you still owe—so you’re not stuck paying for a totaled car.

General Liability Insurance: ⚖️ Covers slips, trips, and “oops” moments—protecting businesses from lawsuits when someone gets hurt or property gets damaged. Get a FREE quote from Insurish!

Golf Cart Insurance: ⛳ Because golf carts aren’t just for golf. Covers damage, theft, and liability—whether you’re on the course or cruising the neighborhood. Get a FREE quote from Insurish!

Grace Period: ⏳ A “we’ll give you a minute” window after your payment is due—miss the deadline, and you might still have coverage (for a little while).

Group Life Insurance: 👥 A work perk that gives employees life insurance—often cheaper and easier to qualify for than buying it solo.

Guaranteed Death Benefit: ⚰️ A “no matter what” payout from a life insurance policy, ensuring your beneficiaries get a set amount when you pass.

Guaranteed Rate of Return: 📈 A promise that your investment grows at a fixed rate—no surprises, just steady gains over time.

H

Hazard: 🌪️ Anything that puts your stuff (or you) at risk—fire, storms, burglars, or even a wobbly staircase waiting to trip someone.

Health Insurance: 🏥 Your wallet’s shield against expensive doctor visits, hospital stays, and prescriptions—because medical bills add up fast.

Home Appraisal: 🏡 A pro’s price tag on your home—used by lenders and insurers to determine its value for loans or coverage.

Home Inspection: 🔍 A deep dive check-up on a home’s condition before you buy—because surprises are great, but not when they’re leaking from your roof.

Home Warranty Insurance: 🔧 Fixes what breaks inside your home—appliances, HVAC, plumbing—so a busted fridge doesn’t mean a busted budget. Get a FREE quote from Insurish!

Homeowner Association (HOA): 🏘️ The neighborhood rule makers—they maintain common areas, enforce community rules, and collect fees to keep things in order.

Homeowner Insurance: 🏠 Your home’s financial safety net—covers damage, disasters, and liability so you’re not left rebuilding alone. Get a FREE quote from Insurish!

Homeowner Insurance Binder: 📄 A temporary proof-of-coverage note from your insurer—handy at a closing when you’re buying a house and need to show you’re insured.

Homeowner Policy Forms: 📜 The different flavors of home insurance—ranging from basic to all-inclusive, depending on how much protection you want.

Hospital Health Insurance Supplement: 🏥 Extra coverage that helps fill the gaps in regular health insurance—covering hospital stays, surgeries, and other major medical costs. Get a FREE quote from Insurish!

I

Identity Theft Insurance: 🆔 A financial cleanup crew if your personal info gets stolen—helps cover legal fees, lost wages, and credit restoration. Get a FREE quote from Insurish!

Income Protection Insurance: 💼 A financial safety net if you can’t work due to illness or injury—keeps money coming in so bills don’t pile up.

Indemnification: ⚖️ A fancy way of saying “We’ll cover the loss”—insurance paying you (or someone else) back for damages or expenses.

Independent Agent: 🤝 An insurance free agent—works with multiple companies to find you the best coverage, not just one brand’s options.

Inherent Vice: 🚧 A built-in flaw that causes something to break down over time—insurance won’t cover it because it’s just a matter of when, not if.

Insurable Interest: 🏦 You can’t insure what you don’t have a stake in—this rule ensures you’d suffer a loss if something happened to the person or thing insured.

Insurance: 🛡️ A financial backup plan—pay a little now (premium) so you don’t pay a LOT later when life throws surprises your way.

Insurance Renewal: 🔄 Your policy’s “let’s do this again” moment—when it’s time to extend your coverage for another term (or shop for a better deal).

Insurance-to-Value: 📏 Making sure your coverage matches what it would actually cost to rebuild or replace your property—not just a rough guess.

Insured: 🛡️ You, the policyholder. The one getting the protection (and hopefully never needing to use it).

Insurer: 🏢 The company that’s got your back—the one collecting your premium and paying out when things go sideways.

Insuring Agreements: 📜 The “What’s Covered” section of your policy—the part that spells out exactly what the insurer will pay for.

Interested Party: 👀 Someone who has a financial stake in your policy—like a bank that holds your mortgage or a lender on your car loan.

Irrevocable Beneficiary: 📜 A locked-in beneficiary—once named, they can’t be changed without their permission (so choose wisely!).

J

Jewelry Appraisal: 💎 A pro’s price tag on your bling—used to determine how much coverage you need for your valuable pieces.

Jewelry Insurance: 💍 Protection for rings, watches, and shiny things—covers loss, theft, and damage, so your treasures stay protected. Get a FREE quote from Insurish!

Jewelry Limit: 💰 The maximum amount your insurance will pay for stolen or damaged jewelry—so check if you need extra coverage!

L

Landlord Insurance: 🏠 Covers rental properties—protecting the building, liability, and lost rental income if tenants cause trouble. Get a FREE quote from Insurish!

Lapse in Coverage: 🛑 A coverage timeout—when your policy ends because you didn’t renew or pay, leaving you unprotected.

Legalese: ⚖️ The headache-inducing fine print in insurance policies—filled with jargon that makes you wish you had a translator.

Liability: ⚠️ The “your fault, your bill” part of insurance—covers damage or injuries you cause to others (so you don’t pay out of pocket).

Liability Waiver: 💳 A legal “you can’t sue me” card—used in businesses or activities where risks are involved, though it’s not always ironclad.

Liberalization Clause: 📜 A free policy upgrade—if your insurer improves coverage but hasn’t renewed your policy yet, you get the better deal automatically.

Life Insurance: ❤️ A financial love letter to your family—pays out when you’re gone so they don’t have to worry about money. Get a FREE quote from Insurish!

Limits: 📏 The max amount your insurer will pay for a claim—hit the limit, and anything extra is on you.

Lines of Insurance: 📂 The different types of coverage—auto, home, life, health—each “line” protects a specific part of your life.

Living Benefits: 💰 Life insurance you can use while you’re alive—helps pay medical bills or other expenses if you’re seriously ill.

Living Will: 📝 A “what to do if I can’t decide” document—tells doctors and family what medical treatments you want (or don’t want) if you’re unable to speak for yourself.

Loss Assessment Coverage: 🏢 A lifesaver for condo owners—helps cover shared property damage when your HOA sends a bill your way.

Loss of Use Coverage: 🚪 Pays for your hotel or rental if your home becomes unlivable after a disaster—because sleeping in your car isn’t ideal.

Loss Payee: 🏦 The person or company getting paid first when an insured item (like a financed car) gets damaged or totaled.

M

Mandatory Coverage: 📌 The “must-have” insurance required by law—like car liability insurance—because some risks are too big to go uncovered.

Market Value: 🔄 What your home or property is worth today—different from replacement cost, which is how much it takes to rebuild it.

Mechanical Breakdown Coverage: 🔧 Covers expensive mechanical failures—like when your car, furnace, or AC unit suddenly stops working.

Med-Pay Coverage: 💰 Covers medical bills after a car accident, no matter who was at fault—quick, no-hassle payments to keep you moving.

Medical Coverage: 🏥 Helps pay for doctor visits, hospital bills, and treatments—because getting better shouldn’t mean going broke.

Mobile Home Insurance: 🏠 Special coverage for homes on wheels—protects against damage, liability, and even tornadoes if your home gets caught in a storm. Get a FREE quote from Insurish!

Moral Hazard: ⚖️ When people take bigger risks because they have insurance—like driving recklessly, thinking “Eh, my insurance will cover it.”

Mortgage Life Insurance: 🏦 Pays off your home loan if you pass away, so your loved ones aren’t left with the mortgage bill.

Motor Truck Cargo Insurance: 🚚 Protects businesses that transport goods—if the cargo gets damaged or stolen, this helps cover the loss.

Motorcycle Insurance: 🏍️ Because two wheels need protection too—covers damage, theft, and liability whether you’re cruising or racing the wind. Get a FREE quote from Insurish!

N

Named Insured: 📜 The main person covered by the policy—their name’s on the paperwork, and they call the shots.

Named Perils: 🔥 A list of specific disasters your policy covers—if it’s not named, it’s not covered, so read the fine print!

Named Storm Deductible: 🌊 A higher deductible that kicks in for hurricanes and tropical storms—common in coastal states.

Negligence: ⚠️ When someone fails to be careful, causing damage or injury—and yep, they (or their insurance) might have to pay for it.

No-Exam Life Insurance: 🩺 A life insurance shortcut—no medical exam required, just answer a few health questions and you’re good to go.

No-Fault Insurance: 🚗 Covers your injuries and damages no matter who caused the accident—no arguing, just quick payouts.

Non-Renewal: 🛑 When an insurer decides not to continue your policy—either due to claims history, risk factors, or company policy changes.

O

Occurrence: 📅 A single event that causes damage or injury—whether it’s a car crash, a house fire, or a guest slipping on your porch.

Open Perils: 🌎 Covers pretty much everything unless specifically excluded—if it’s not on the “no” list, you’re protected.

Ordinance of Law Coverage: 🔧 Helps pay for upgrades required by new building codes when repairing a damaged property.

Other Structures Coverage: 🏚️ Covers detached buildings like sheds, fences, and gazebos—because your backyard workshop deserves protection too.

Out-of-Pocket Maximum: 🏥 The most you’ll have to pay for health expenses in a year before insurance covers 100% of the rest.

P

Pair or Set Clause: 💎 If part of a matching set (like earrings or collectibles) is lost or damaged, your insurer decides whether to pay for the whole set or just the missing piece.

Parental Leave Insurance: 👶 Helps cover lost income while you’re on parental leave—so you can focus on baby snuggles, not bills.

Pay-Per-Mile Insurance: 💵 A usage-based car insurance plan where you pay less if you drive less.

Peril: 🌪️ An insurance word for “bad stuff”—like fire, theft, or storms—that can damage your home, car, or belongings.

Permanent Life Insurance: 🛡️ A life insurance plan that never expires—as long as you pay your premiums, it lasts for life and often builds cash value. Get a FREE quote from Insurish!

Personal Effects Coverage: 🚘 Covers your personal belongings inside your car if they get stolen (because standard auto insurance won’t).

Personal Injury Protection (PIP) Coverage: 🚑 Covers you and your passengers medical expenses, lost wages, and rehab after a car accident, no matter who was at fault—because healing comes first.

Personal Liability Insurance: ⚖️ Protects you if someone sues you for injury or property damage—like if your dog takes a bite out of the mailman.

Personal Property Coverage: 📦 Covers your stuff inside your home—furniture, electronics, clothes—if it’s damaged, stolen, or lost in a covered event.

Personal Umbrella Policy (PUP): ☂️ Extra liability coverage that kicks in when your regular policies hit their limit—because lawsuits can get expensive fast. aka: Excess Liability Insurance. Get a FREE quote from Insurish!

Pet Care: 🐾 All the love, attention, and vet visits that keep your furry friends happy, healthy, and thriving.

Pet Insurance: 🐕 Health coverage for your four-legged family members—helps with vet bills, surgeries, and unexpected emergencies. Get a FREE quote from Insurish!

Policy: 📜 The official insurance agreement that lays out what’s covered, what’s not, and how much you’re paying for peace of mind.

Policyholder: 🧑‍💼 The VIP (that’s you!) who owns the insurance policy and gets the coverage benefits.

Pre-Existing Condition: ⚕️ A health issue that existed before you got your insurance—sometimes covered, sometimes not, depending on the plan.

Premium: 💵 What you pay to keep your insurance active—monthly, yearly, or however often the bill comes due.

Preventative Care: 🩺 Covers checkups, vaccines, screenings, and other “stay healthy” measures to catch problems before they start.

Private Mortgage Insurance: 🏦 An extra cost for homebuyers who put down less than 20%—protects the lender, not you.

Professional Liability Insurance: ⚖️ A “cover your mistakes” policy for professionals—protects against lawsuits if your advice or services cause financial loss. aka: E&O. Get a FREE quote from Insurish!

Professional Services Exclusion: 💼 A “not covered” clause in general liability policies—if you’re a lawyer, doctor, or consultant, you’ll need special insurance for work-related mistakes.

Proof of Insurance: 📄 Your golden ticket that shows you’re covered—needed for car rentals, mortgages, or just peace of mind.

Property & Casualty Insurance (P&C): 🏢 The dynamic duo of insurance—covers property (your stuff) and casualty (liability if someone gets hurt).

Property Damage (PD) Coverage: 🚘 Pays for damage you cause to someone else’s car, home, or property—so you don’t have to foot the bill alone.

Property Protection Insurance (PPI): 🏡 A Michigan-only auto insurance that covers damage your car does to buildings, fences, or parked cars.

Q

Quote: 💲 An insurance price tag—the estimated cost of coverage based on your details before you officially sign up. Get a FREE quote from Insurish!

R

Real Property: 🏡 Land and everything permanently attached to it—homes, buildings, and even that fence you built last summer.

Recoverable Depreciation: 💰 The difference between what your item is worth today and what it costs to replace it—some policies pay you back for this if you replace the item.

Recreational Vehicle (RV) Insurance: 🚐 Covers your home-on-wheels—whether you’re parked at a campsite or cruising down the highway, this keeps your adventure protected. Get a FREE quote from Insurish!

Rental Reimbursement Coverage: 🚗 Pays for a temporary ride while your car is in the shop after a covered accident—so you’re not stuck taking the bus.

Renters Insurance: 🏠 Protects your stuff inside a rented home or apartment—and medical bills if someone is hurt. Get a FREE quote from Insurish!

Replacement Cost: 🛠️ Pays for a brand-new version of what you lost, instead of what it was worth before disaster struck.

Rider: 📜 A policy add-on that gives extra coverage for special things—like jewelry, collectibles, or business equipment.

Risk: ⚠️ The chance something bad happens—more risk = higher insurance costs, because insurers like safe bets.

Roadside Assistance Coverage: 🛻 Covers towing, jump-starts, flat tires, and lockouts—because car troubles always seem to happen at the worst times.

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Salvage Title: 🛠️ A vehicle that’s been declared a total loss but can be rebuilt and insured—though some insurers won’t cover it.

Scheduled Personal Property Coverage (SPP): 💎 Extra protection for high-value items like engagement rings, artwork, or collectibles—because standard policies have limits.

Self-Insured Retention: 🎯 A fancy term for “you pay this part first” before an umbrella or excess policy kicks in.

Short-Term Rental Insurance: 🏠 A must for Airbnb hosts—covers guest-caused damage that homeowners insurance might not.

Sinkhole Coverage: 🏚️ Protects your home if the ground decides to swallow it—a must in certain high-risk areas.

Snowmobile Insurance: ❄️ Covers your winter ride—whether you’re hitting the trails or stuck in a snowbank, this keeps you covered. Get a FREE quote from Insurish!

Subrogation: ⚖️ When your insurance company takes over your fight to recover money from someone who caused you damage or injury.

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Term: 📆 The length of time your insurance lasts before renewal or expiration—short term, long term, or lifetime.

Term Life Insurance: 📆 Life insurance that lasts for a set time—if you pass away during the term, your loved ones get the payout. If not, it expires (unless you renew or convert it). Get a FREE quote from Insurish!

Theft: 🕵️ When someone takes what’s yours without asking—insurance helps replace stolen items, so you’re not left empty-handed.

Tort: ⚖️ A legal oops—if your actions cause harm to someone else, they can sue for damages (and insurance might cover it).

Total Loss: 🚗 When the damage is so bad, repairing isn’t worth it—insurance cuts a check for the car’s value instead.

Trailer Insurance: 🚛 Covers tow-behinds like campers, horse trailers, and utility trailers—because accidents don’t just happen to the vehicle pulling them.

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Umbrella Insurance: ☂️ Extra liability coverage that kicks in when your other policies hit their limits—protects your assets from big lawsuits. aka: PUP; Excess Liability

Underinsured Motorist Coverage (UIM): 🚘 Covers you when the at-fault driver doesn’t have enough insurance to pay for your injuries or damage.

Underwriter: 📑 The insurance detective who decides how risky you are to insure and what your policy should cost.

Underwriting: 📋 The behind-the-scenes process where insurers assess risk before approving a policy or setting a rate.

Uninsurable Peril: 🚫 A bad event insurance won’t cover—like war, nuclear disasters, or intentional damage you cause yourself.

Uninsured Motorist Coverage (UM): 🚗 Protects you if the at-fault driver has no insurance—covers medical bills and damages so you’re not stuck paying.

Universal Life Insurance: 🔄 A flexible life insurance policy that lasts a lifetime, with adjustable premiums and cash value that can grow over time. Get a FREE quote from Insurish!

Usual, Customary, and Reasonable Fees: 🚀 What health insurers consider a fair price for medical services—if your doctor charges more, you might owe the difference.

Utility Service Interruption Coverage: 🔌 Helps if a power outage or utility failure causes financial loss—because no one wants a freezer full of spoiled food.

Utmost Good Faith: 🤝 The trust rule in insurance—both you and your insurer must be honest about coverage details and risks.

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Vacant Home Insurance: 🏚️ Protects an empty house—because an unoccupied home can be a magnet for damage, break-ins, and other risks. Get a FREE quote from Insurish!

Vandalism: 🎨 When someone damages your property on purpose—spray paint, smashed windows, or other costly mischief.

Vehicles: 🚙 Anything with wheels and a motor that needs insurance—cars, trucks, motorcycles, RVs, even some golf carts.

Vision Plan Insurance: 👓 Helps cover eye exams, glasses, and contacts—because seeing clearly shouldn’t break the bank. Get a FREE quote from Insurish!

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Waiting Period: ⏳ The time you have to wait before certain coverages kick in—common in health and life insurance.

Waiver of Deductible: 📉 A perk some policies offer—you don’t have to pay your deductible under certain conditions, like if you total your car.

Waiver of Premium: 📑 If you become disabled or unable to work, this keeps your life insurance active without requiring premium payments.

Watercraft Insurance: 🚤 Covers boats, jet skis, and other personal watercraft—because water fun comes with risks, too. aka: Boat Insurance

Whole Life Insurance: 📆 A lifetime policy with a guaranteed payout and cash value that grows over time—like insurance and savings combined. Get a FREE quote from Insurish!

Windstorm: 🌪️ When Mother Nature huffs and puffs—strong winds that can damage roofs, windows, and property. Some policies cover it, others make you add it separately.

Workers Compensation Insurance: 💼 Covers on-the-job injuries and lost wages—because employees shouldn’t have to pay out of pocket for work-related accidents. Get a FREE quote from Insurish!

Worldwide Coverage: 🌍 Insurance that travels with you—protects against losses no matter where you are on the planet (if your policy includes it).