Insurance Terms Glossary

Insurance is a complex process involving transactions of varying kinds.
The main queries a decent or rather remarkably good glossary deals with following parameters:

Timing of liability insurance coverage and the various requirements.

Ones who are under the coverage facility.

Amount and timing of payment of insurance deductibles.

Timing of the Comprehensive Insurance Coverage as well as ramifications of deductibles.

Definition of a collision or accident insurance coverage, as well as, whether it would be of any use in a car crash or accident.
Definition of an insurance claim and whatever happens when the insured files a claim with his or her respective company.

Possible beneficiaries of a casualty insurance, and whether insurers, themselves are applicable to take part in it.

Differences between an Insurance Broker and an Insurance Agent, and if it is safe to employ an Insurance Broker.

Relevance of a physical injury in insurance, and whether death comes under the purview of such phenomena.

Timing and need of blanket insurance cover as well as, how domestic possessions could be included in such contracts.

Definition of an insurance binder and queries regarding the temporary nature of such policies.
Whether governmental forces are responsible for insuring someone’s vehicles and the kind of coverage facilities that might be had as per State Auto Insurance Plans.

Educational qualifications required of an insurance agent and relevant definition.

Definition of an Adhesion Contract and whether any similarity could be established with an insurance plan.

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