Meaning of Term in Insurance

Reinsurance: Sharing the risk by insurance companies; part or all of the insurer's risk is assumed by other companies in return for part of the premium paid by the insured; "reinsurance enables a client to get coverage that would be too great for any one company to assume". 

Self-insurance: Insuring yourself by setting aside money to cover possible losses rather than by purchasing an insurance policy.

Term insurance: Low-cost insurance that is valid only for a stated period of time and has no cash surrender value or loan value; "term insurance is most often associated with life insurance policies".

Meaning of Term in Insurance

Liability insurance: Insurance that provides protection from claims arising from injuries or damage to other people or property. 

Life assurance: Insurance paid to named beneficiaries when the insured person dies; "in England they call life insurance life assurance". 

Malpractice insurance: Insurance purchased by physicians and hospitals to cover the cost of being sued for malpractice; "obstetricians have to pay high rates for malpractice insurance".

Meaning of Term in Insurance

Coinsurance: Insurance issued jointly by two or more underwriters.

Fire insurance: Insurance against loss due to fire.

Group insurance: Insurance that is purchased by a group (such as the employees of a company) usually at a reduced rate to individual members of the group.

Hazard insurance: Insurance that provides protection against certain risks such as storms or fires. 

Health insurance: Insurance against loss due to ill health.

Meaning of Term in Insurance

Assurance: A British term for some kinds of insurance. 

Automobile insurance, car insurance: Insurance against loss due to theft or traffic accidents.

Business interruption insurance: Insurance that provides protection for the loss of profits and continuing fixed expenses resulting from a break in commerical activities due to the occurrence of a peril.

Meaning of Term in Insurance

Insurance:
Promise of reimbursement in the case of loss; paid to people or companies so concerned about hazards that they have made prepayments to an insurance company.
Protection, security:
Defense against financial failure; financial independence; "his pension gave him security in his old age"; "insurance provided protection against loss of wages due to illnes

Discounts on Auto Insurance

When you are looking to compare your auto insurance rates you may want to go online to see what companies give an additional discount for doing business online. You may qualify for an additional savings and decide to join the new company for the trial period. This is usually for six months. If this company works for you then you may decide to stay with them throughout the year and renew your policy.

Discounts on Auto Insurance

The reason they are able to give you the discount is because you were able to answer all of the questions and do most of the work by yourself without the assistance of an agent. This saves the company the cost of labor and their overhead low. In doing this, they are able to pass the savings on to you as the new customer.

Discounts on Auto Insurance

Free online auto insurance quotes are similar; the various companies want to keep their staff busy and their business lines full. They want their agents to have policies to follow and clients to maintain. What you may find are a few companies they will offer discounts on their free online auto insurance quotes if you are a good drive, own a home and have more than one vehicle. If this is the criteria that you fit in then you will be eligible for a discount. You may be eligible for a discount if you are able to purchase an auto insurance policy on-line for yourself.

Discounts on Auto Insurance

Everyone is always looking for a good deal on everything they have to purchase. It can be from purchasing food with coupons for special deals at restaurants with a buy one get one free discount. The bigger question that comes out is can we get a discount on larger items like a home improvement project? Does this qualify in the area of being able to get a discount? Well if we look at home and improvement ideas there are times that we look for a savings because these are projects that can cost quite a bit of money. Companies will offer them because they want to keep the jobs coming in for their staff.