Insurance Dictionary

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in-sur-ance

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 (such as death, fire, vehicle accident, or sickness).

2: The business of insuring persons property; the principles and practice in the business of insuring.

3. Coverage by contract for an agreed payment, where one party agrees to indemnify or guarantee another against loss by a specified contingency or peril.

INDEX

Actual Cash Value
Adjuster
Appraiser Benefit
Bodily Injury (BI)
BI Liability Coverage
Business Use Claim
Claim Denial
Claimant
Collision Coverage
Collision Deductible Waiver
Comprehensive Coverage
Continuously Insured
Declarations Page
Deductible
Depreciation Effective Date
Endorsements
Exclusions First Party
Funeral Benefits
Garage State Income Loss
Indemnity
Insurable Interest
Insurance Claim Report
Insurance Score
Insured
Judgment Liability
Liability Coverage
Limits
Motor Vehicle Report (MVR) Non-Owner Other than Collision (OTC)
Personal Injury Protection
Policy Expiration Date
Policy Term
Premium
Primary Driver
Primary Use
Primary Policy Holder
Property Damage (PD)
PD Liability Coverage
Rental Reimbursement
Salvage Title
SR-22 Tort
Total Loss
Towing Coverage UMBI Coverage
UMPD Coverage
UIMBI 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 or definitions. Nothing provided in/at this web site should be used as a substitute for a personal consultation. Any advice, consultations and/or information must be provided in the context of the specific circumstances and facts of each question, claim, or concern. You should refrain from using any information on this website, without first seeking the advice of a competent representative of Hill Insurance and Investments and/or its affiliate Agents.

Testimonials

“

"I work as a lender and my staff sees a lot of homeowners insurance policies. When my personal homeowners policy went through the system from the purchase of my home, my staff said its the lowest premium they had ever seen. Not to mention they got it within minutes.. Highly recommend Jared at Hill Insurance."
Clair Semrad

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"I love it that every time we come in Jared makes the insurance process so much easier than it would be on our own! He explains everything so clearly and helps us save money! Totally recommend anyone that has any insurance needs to come see him, he's awesome!"
Denise Rivera

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"Jared is awesome and super easy to work with I recommend hill insurance to everyone. Insurance is a nightmare but he makes it easy."
Jared Obrien

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"I've been working with Jared Richards for close to 15 years that should say enough... They have been outstanding to work with. Anytime I have any questions they're always there to answer for me I will continue to use them for a long time if I can give them a 10 star rating I would."
Jared Clingo

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"I want to compliment Cory at Hill Insurance, on my meeting with her on March 1st. She was extremely helpful and patient with all my questions. It was very obvious she wanted to give us the best rates/discounts possible, plus she made sure I understood everything. A JOB WELL DONE! A 10 star employee! Great place to shop home and auto insurance as well as any and all commercial needs!"
Chelsea Ricks

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"Jared takes the time to listen to his clients and watch out for their best interest. I've seen him help his clients really make an educated choice about what insurance plan they need and then walking them through the process when they experience damages. A super straight agency."
Steve P.

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