February 2018 – Page 3 – Insure Invest Financial

R – Glossary of Insurance Terms

20 February 201817 March 2018 admin

R – Glossary of Insurance Terms This page provides a glossary of insurance terms and definitions that are commonly used in the insurance business. New terms will be added to the glossary over time. The definitions in this glossary are developed by the NAIC Research and Actuarial Department staff based on various insurance references. These definitions represent a common or general use of the term. Some words and/or phrases may be defined differently by other entities, or used in a context such that the definition shown may not be applicable.…

S – Glossary of Insurance Terms

20 February 201817 March 2018 admin

S – Glossary of Insurance Terms This page provides a glossary of insurance terms and definitions that are commonly used in the insurance business. New terms will be added to the glossary over time. The definitions in this glossary are developed by the NAIC Research and Actuarial Department staff based on various insurance references. These definitions represent a common or general use of the term. Some words and/or phrases may be defined differently by other entities, or used in a context such that the definition shown may not be applicable.…

T – Glossary of Insurance Terms

20 February 201817 March 2018 admin

T – Glossary of Insurance Terms This page provides a glossary of insurance terms and definitions that are commonly used in the insurance business. New terms will be added to the glossary over time. The definitions in this glossary are developed by the NAIC Research and Actuarial Department staff based on various insurance references. These definitions represent a common or general use of the term. Some words and/or phrases may be defined differently by other entities, or used in a context such that the definition shown may not be applicable.…

U – Glossary of Insurance Terms

20 February 201817 March 2018 admin

U – Glossary of Insurance Terms This page provides a glossary of insurance terms and definitions that are commonly used in the insurance business. New terms will be added to the glossary over time. The definitions in this glossary are developed by the NAIC Research and Actuarial Department staff based on various insurance references. These definitions represent a common or general use of the term. Some words and/or phrases may be defined differently by other entities, or used in a context such that the definition shown may not be applicable.…

V – Glossary of Insurance Terms

20 February 201817 March 2018 admin

V – Glossary of Insurance Terms This page provides a glossary of insurance terms and definitions that are commonly used in the insurance business. New terms will be added to the glossary over time. The definitions in this glossary are developed by the NAIC Research and Actuarial Department staff based on various insurance references. These definitions represent a common or general use of the term. Some words and/or phrases may be defined differently by other entities, or used in a context such that the definition shown may not be applicable.…

W – Glossary of Insurance Terms

20 February 201817 March 2018 admin

W – Glossary of Insurance Terms This page provides a glossary of insurance terms and definitions that are commonly used in the insurance business. New terms will be added to the glossary over time. The definitions in this glossary are developed by the NAIC Research and Actuarial Department staff based on various insurance references. These definitions represent a common or general use of the term. Some words and/or phrases may be defined differently by other entities, or used in a context such that the definition shown may not be applicable.…

Landlord and renters insurance

20 February 2018 admin

Landlord and renters insurance If you own a rental property, or you are a tenant, you may need different insurance products than normal home and contents policies. Landlords should consider how they can protect their premises, its assets and the income they receive from their tenants. Renters are not covered by their landlord’s insurance policies. Insurers offer products designed for renters, including low-cost policies. Renter’s and tenant’s insurance When you are renting, the owner of the property you are living in is responsible for damage or loss to the building…

Boat insurance

20 February 2018 admin

Boat insurance If you own or operate a boat or other marine craft, marine insurance can cover you for loss, damage, theft or injury risks to your craft and its occupants, as well as any costs you may incur to other people or property through accidental damage. Many insurers will offer boat or marine craft insurance that includes basic cover for damage or loss, with a range of additional options available. Some specialist boat insurers and brokers can cover boat owners for less common insurance risks and activities. Boats and…

Travel insurance

20 February 2018 admin

Travel insurance Whether you need to travel interstate, overseas or to another city for business or for personal reasons, any trip away from your home involves planning, expense and some risk. Travel insurance can cover you for financial losses caused by a wide range of events that can affect your trip, whether they occur before, during or even after your trip. These might include travel modification, cancellation or interruption, medical expenses, baggage damage or theft, and more. Travel insurance should be a priority in all travel arrangements, whether you travel…

Car Insurance FAQ

20 February 2018 admin

Car Insurance FAQ What is the difference between CTP and other types of motor vehicle insurance? Compulsory Third Party (CTP) insurance covers injuries to people such as pedestrians, cyclists and other road users when your vehicle is involved in an accident. CTP is a legal requirement for all registered vehicles in every State and Territory. Each jurisdiction has its own scheme, with different criteria and benefits. In some states you will have a choice of insurer. CTP does not cover you for damage to your vehicle, other vehicles or property,…