Insurance Terms Glossary

The Insurance Terms Glossary is divided alphabetically for ease of browsing. Select the alphabet letter that corresponds to the first letter of the word you would like to be informed about to open the appropriate heading. For example: If you are looking for additional information on the term "Automobile Liability Insurance" or the word "Premium," simply select the letters "A" or "P" from the alphabet listing below.

Glossary Terms 'A'

Absolute Liability: Liability for damages even though fault or negligence cannot be proven. Certain situations create absolute liability for the manufacturer a product or the provider of a service.

Accident: An event or occurrence which is unforeseen and unintended. Accidental is an important concept of risk for insurance. The more unlikely the accident or the occurrence, the less expensive it is to insure.

Accident and Health Insurance: A type of coverage that pays benefits, when an accident occurrs or a medical problem arrises, sometimes including reimbursement for loss of income, in case of sickness, accidental injury, or accidental death.

Accident Insurance: A form of health insurance against loss by accidental bodily injury.

Accidental Bodily Injury: Inju