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Insurance Terms Edition

Insurance Terms

Definitions of common insurance terms and concepts consumers encounter on policies.

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A First-Time Buyer's Map to Insurance Language
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A First-Time Buyer's Map to Insurance Language

By Insurance Basics Editorial Team · 9 min read · Jun 3, 2025

Latest in Insurance Terms

Insurance Terms Actual Cash Value vs. Replacement Cost Value in Property Insurance

Actual Cash Value vs. Replacement Cost Value in Property Insurance

By Insurance Basics Editorial Team · 6 min · Apr 12, 2023
Insurance Terms Before You Sign: Key Policy Terms to Confirm in Writing

Before You Sign: Key Policy Terms to Confirm in Writing

By Insurance Basics Editorial Team · 6 min · Apr 9, 2024
Insurance Terms Deductibles, Premiums, and Copays: What Each One Actually Costs You

Deductibles, Premiums, and Copays: What Each One Actually Costs You

By Insurance Basics Editorial Team · 7 min · Nov 19, 2025
Insurance Terms Exclusions, Riders, and Endorsements: How Insurers Customize What's Covered

Exclusions, Riders, and Endorsements: How Insurers Customize What's Covered

By Insurance Basics Editorial Team · 9 min · Mar 7, 2023
Insurance Terms How Insurers Define 'Occurrence' and Why It Changes Everything in a Claim

How Insurers Define 'Occurrence' and Why It Changes Everything in a Claim

By Insurance Basics Editorial Team · 8 min · Feb 5, 2024
Insurance Terms Insurance Myths That Can Leave You Underprotected

Insurance Myths That Can Leave You Underprotected

By Insurance Basics Editorial Team · 7 min · Sep 10, 2025
Insurance Terms Insurance Terms That Look Similar but Mean Very Different Things

Insurance Terms That Look Similar but Mean Very Different Things

By Insurance Basics Editorial Team · 6 min · Jul 29, 2024
Insurance Terms Named Perils vs. Open Perils: How the Type of Coverage Affects Your Claim

Named Perils vs. Open Perils: How the Type of Coverage Affects Your Claim

By Insurance Basics Editorial Team · 6 min · Jul 12, 2024
Insurance Terms Policy Limit vs. Coverage Limit: Are They the Same Thing?

Policy Limit vs. Coverage Limit: Are They the Same Thing?

By Insurance Basics Editorial Team · 5 min · Jan 24, 2023
Insurance Terms Reading a Policy Document Without Getting Lost

Reading a Policy Document Without Getting Lost

By Insurance Basics Editorial Team · 7 min · Mar 22, 2023
Insurance Terms Subrogation, Indemnity, and Other Claims Terms That Confuse Policyholders

Subrogation, Indemnity, and Other Claims Terms That Confuse Policyholders

By Insurance Basics Editorial Team · 7 min · Aug 13, 2023
Insurance Terms The Insurance Glossary Every Policyholder Should Bookmark

The Insurance Glossary Every Policyholder Should Bookmark

By Insurance Basics Editorial Team · 5 min · Sep 25, 2025
Insurance Terms Understanding Out-of-Pocket Maximums and Why They Matter

Understanding Out-of-Pocket Maximums and Why They Matter

By Insurance Basics Editorial Team · 7 min · Nov 4, 2023
Insurance Terms What Grace Periods, Lapses, and Reinstatement Mean for Your Coverage

What Grace Periods, Lapses, and Reinstatement Mean for Your Coverage

By Insurance Basics Editorial Team · 8 min · Feb 18, 2024
Insurance Terms What an Insurance Declarations Page Is Actually Telling You

What an Insurance Declarations Page Is Actually Telling You

By Insurance Basics Editorial Team · 7 min · May 8, 2025