The Exclusion

Category: Terms and Phrases

What It Is: Exclusions detail what the insurance won’t cover. The Story: While Paul’s home insurance covered many incidents, it had an exclusion for...

The Coverage

Category: Terms and Phrases

What It Is: Coverage specifies what the insurance policy will compensate for. The Story: Nathan’s travel insurance offered coverage for flight delays....

The Policyholder

Category: Terms and Phrases

What It Is: The policyholder owns the insurance policy and pays its premiums. The Story: As a new car owner, Mia became a policyholder, ensuring her...

The Underwriter

Category: Terms and Phrases

What It Is: An underwriter evaluates and decides the terms of insuring potential risks. The Story: Daniel, an underwriter, studied the application of a bakery...

The Deductible

Category: Terms and Phrases

What It Is: The deductible is the amount you cover before your insurance kicks in. The Story: When Lisa’s basement flooded, she was relieved to have...

The Unsung Heroes of Insurance: Underwriters and Actuaries

Category: Articles

Decoding the Backbone of the Insurance Industry Behind every insurance policy, there are experts ensuring that both the policyholder and the company are in a...

Understanding Insurance: Premiums, Claims, and Deductibles

Category: Articles

Navigating the World of Insurance: Your Starter Guide Insurance can be daunting. With jargon and intricacies aplenty, it’s easy to get lost. Today,...

The Coverage

Category: Terms and Phrases

What It Is: Coverage specifies what the insurance policy will compensate for. The Story: Nathan’s travel insurance offered coverage for flight delays....

The Underwriter

Category: Terms and Phrases

What It Is: An underwriter evaluates and decides the terms of insuring potential risks. The Story: Daniel, an underwriter, studied the application of a bakery...

The Claim

Category: Terms and Phrases

What It Is: A claim is the policyholder’s formal request for compensation due to an insured event. The Story: After a tree fell on Mark’s garage,...

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