Auto Insurance terms starting with E

5 terms

1. Earned premium The portion of a policy premium that has been used to actually buy coverage, or that the insurance company has "earned.
2. Endorsement Amendment to the policy used to add, change, or delete coverage. Also referred to as a “rider.”
3. Exclusion A contractual provision in an insurance policy that denies or restricts coverage for certain perils, persons, property or locations.
4. Exclusions Specific situations or circumstances listed in your policy describing when benefits will not be paid.
5. Extraordinary Medical Benefits This coverage pays when medical and rehabilitation expenses exceed $100,000. It provides a maximum of $1 million of coverage.