Cyber Insurance
Cyber insurance, also known as cyber liability insurance or cyber risk insurance, is a type of insurance that helps protect businesses and individuals from financial losses resulting from cyberattacks and data breaches.
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.
Death Benefit
A death benefit is the amount of money paid to the beneficiary of a life insurance policy upon the death of the insured person.
Debris Removal
Debris removal is an important coverage provided in many property insurance policies, including homeowners, renters, and commercial property insurance.
Declaration Policy
A declaration policy, also known as a fluctuating stock policy or adjustable policy, is a type of property insurance specifically designed to cover fluctuating stock values.
Declarations Page
The declaration page provides a summary of the policy’s coverage, limits, deductibles, and other key information.
Deductible
In insurance, a deductible is the amount you pay out-of-pocket for covered expenses before your insurance coverage begins to pay.
Deferred Annuity
A deferred annuity is a type of annuity contract that delays payments to the annuitant (the person receiving the income) until a future date.
Dental Insurance
Dental insurance is a type of insurance that helps cover the costs of dental care, including routine checkups, cleanings, fillings, extractions, and other dental procedures.
Direct Writer
A direct writer is an insurance company that sells its policies directly to customers, without the use of independent agents or brokers.
Directors and Officers (D&O) Insurance
Directors and Officers (D&O) insurance is a type of liability insurance that protects the personal assets of corporate directors and officers if they are sued for alleged wrongful acts in their management of the company.
Disability Insurance
Disability insurance offers income replacement for individuals who are unable to work due to a disability caused by illness, injury, or accident.
Dividends (Life Insurance)
Dividends in life insurance are a portion of an insurance company’s profits that are returned to policyholders who own participating life insurance policies.