Homeowners Insurance terms starting with C

11 terms

1. Cancellation Termination of a policy before its normal expiration date.
2. Claim Your request for the insurance company to pay you an amount under the terms of your policy.
3. Claimant A person who makes an insurance claim.
4. Claims Adjuster A person an insurance company hires to settle claims. The adjuster can be a company employee or an independent party under contract with the company.
5. Coinsurance Clause An agreement with the insurance company in which you agree to carry insurance on your property in an amount equal to a certain percentage of its actual…
6. Company profile A summary of information about an insurance company, including its license status, financial data, complaint history, and a history of regulatory action.
7. Complaint A written communication primarily expressing a grievance against an insurance company or agent.
8. Complaint history Information collected or maintained by the Texas Department of Insurance relating to the number of complaints received against a particular insurer, agent…
9. Conditions Part of an insurance policy that states your obligations and those of your insurance company.
10. Contract In most cases, the term "contract" refers to an insurance policy. A policy is considered to be a contract between the insurance company and the…
11. Covered Expenses The losses or conditions that the policy will pay for.