Age Limits
The ages below or above which the insurance company will not issue a given policy or renew a policy in force.

Collision Coverage
Pays for damage to your vehicle when it collides with another vehicle or object, or if it overturns.

Deductible
The deductible is the amount you agree to pay on each loss before your insurance company pays.

Health Plan
A generic term referring to a specific benefit package offered by an insurer.

Good Driver Plan
A rating program offered by some insurance companies that reduces your premium if you have had no accidents or traffic violations within a specified time period.

Major Medical Insurance
A type of health insurance that provides benefits for most types of medical expenses incurred up to a high limit, subject to a large deductible.

Co-Insurance
In health insurance, it is a provision that the insured and the carrier share losses in agreed proportion. Also known as percentage participation.

Deductible
The amount of losses a policyholder pays. Either a specific dollar amount, a percentage of the claim amount, or a specified amount of time that must expire before benefits are paid.

Insured Mortgage
A mortgage insured against loss to the mortgagee in the event of default and failure of the mortgaged property to satisfy the balance owing plus costs of foreclosure.

Comprehensive Coverage
Coverage that pays for damage to or the loss of your vehicle from causes other than collision.