22 May First Party Claim
A claim filed by an insured person against his/her insurance policy....
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22 May Final Expenses
Final expenses are the costs associated with a person’s death. Final expenses include, but are not limited to: Funeral costs Legal court expenses Outstanding bills and debt Mortgages Loans and taxes...
22 May Family Auto Insurance
A family automobile insurance policy is the most common type in the industry. These policies provide protection for all family members....
22 May Face Amount
The amount covered by the terms of an insurance contract. Face amount is usually on the policy’s first page....
22 May Extended Term Insurance Option
A policy provision providing the option to continue the existing amount of insurance as term insurance for as long a period of time as the contract’s cash value can purchase....
22 May Extended Coverage
An extension of the fire policy to cover the additional perils of windstorm, hail, explosion, or riot, attending a strike, civil commotion, aircraft, vehicle and smoke....
22 May Exposure
Measure of vulnerability to loss, usually expressed in dollars or units....
22 May Expiration Date
The specified date and time at which a policy terminates....
22 May Expense Ratio
The ratio of a company’s operating expenses to premiums....
22 May Exclusions
Items or conditions that are not covered by the general insurance contract. These are specified in the policy itself....