Insurance Dictionary


Pronunciation: in-shur-ns

Function: noun

1: the action, process, or means of insuring or the state of being insured usually against loss or damage by a contingent event (as death, fire, accident, or sickness),
2: the business of insuring persons or property b: coverage by contract whereby for an agreed payment one party agrees to indemnify or guarantee another against loss by a specified contingency or peril c: the principles and practice of the business of insuring.


Actual Cash Value
Appraiser Benefit
Bodily Injury (BI)
BI Liability Coverage
Business Use Claim
Claim Denial
Collision Coverage
Collision Deductible Waiver
Comprehensive Coverage
Continuously Insured
Declarations Page
Depreciation Effective Date
Exclusions First Party
Funeral Benefits
Garage State Income Loss
Insurable Interest
Insurance Claim Report
Insurance Score
Judgment Liability
Liability Coverage
Motor Vehicle Report (MVR) Non-Owner Other than Collision (OTC)
Personal Injury Protection
Policy Expiration Date
Policy Term
Primary Driver
Primary Use
Primary Policy Holder
Property Damage (PD)
PD Liability Coverage
Rental Reimbursment
Salvage Title
SR-22 Tort
Total Loss
Towing Coverage UMBI Coverage
UMPD Coverage
UIMPD Coverage
Vehicle Identification Number (VIN)

Disclaimer: All definitions contained at this web site are provided by Hill Insurance and Investments for informational purposes only and are not intended to be professional advice/definitions. Nothing provided in/at this web site should be used as a substitute for a personal consultation. Any advice/consultations/infomation must be provided in the context of the specific circumstances and facts of each question/claim/concern. You should refrain from using any information on this web site, without first seeking the advice of a competent representative of Hill Insurance and Investments and/or its affiliate Agents.