What is an insurance dictionary?


Quick Answer

An insurance dictionary is a handy reference guide complete with terms and definitions relating to the insurance industry. Thousands of key terms used in the industry are made available in an easy-to-understand format. This type of dictionary is especially useful to those who are new to the industry and unfamiliar with common insurance terms.

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What is an insurance dictionary?
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Full Answer

Each area of the insurance industry, including health, life, casualty, dental and property, uses different key terms when explaining certain aspects of a policy. A person looking to purchase property and casualty insurance might not understand such terms as actual cash value, blanket coverage, advertising liability or aggregate limit. Insurance dictionaries break the definition of individual words and terms down so policyholders can easily understand them, making these guides useful for customers as well.

Insurance terms that insurance agents use are listed in the insurance dictionary in alphabetical order. Most insurance agents and underwriters refer to insurance dictionaries when they are explaining the different types of riders that are available under certain policies.

An insurance dictionary can be purchased in paperback or in digital format. In the digital age, more materials are being made available through the Internet. The dictionary can be downloaded to any electronic device, including a tablet, smart phone or e-reader.

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