Floater Policy
“Floater insurance” can have different meanings depending on the context and geographic location.
Insurance Glossary
Glossary/Encyclopedia of insurance terms. In addition to the brief description of insurance terms, we have also provided detailed explanation of each term. By selecting ‘More Details’ in each term, you can view the detailed explanation of the term with examples.
Flood Insurance
A type of insurance that covers damage to property caused by floods.
Foreign Insurer
A foreign insurer is an insurance company that is incorporated or formed in another state or country, but is authorized to do business in the state where it’s selling insurance.
Full Term Rewrite
A full term rewrite in insurance refers to the replacement of an existing insurance policy with a new policy for the same coverage, but with a new policy period that starts immediately upon the issuance of the new policy.
Gap Insurance
Gap insurance is an optional auto insurance coverage that can help protect you financially if your car is totaled (declared a total loss) or stolen.
Garage Coverage Form (USA)
The Garage Coverage Form is a specialized insurance form used in the United States to provide coverage for businesses in the automotive industry, such as auto repair shops, car dealerships, and parking garages.
Garage Liability Insurance
Garage liability insurance is a specialized type of insurance designed for businesses in the automotive industry, such as:
Auto repair shops
Auto body shops
Car dealerships
Gas stations
Parking garages
Auto towing companies.General Average
General average is a long-standing principle in maritime law that addresses situations where a deliberate sacrifice is made during a sea voyage to save the ship and the remaining cargo.
General Liability Insurance
General liability insurance is a type of insurance policy that protects businesses from a wide range of liability exposures, safeguarding them against financial losses due to bodily injury, property damage, or personal and advertising injury.
Glass Insurance
Glass insurance is a type of insurance that covers the cost of repairing or replacing damaged glass in a building or vehicle.
Group Life Insurance
Group life insurance is a type of life insurance where a single contract covers an entire group of people, usually employees of a company or members of an organization.
Guaranteed Issue
A type of insurance that does not require the applicant to answer health questions or take a medical exam to qualify for coverage.