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Welcome to the Moss Insurance Lexicon

This lexicon has been created to help you understand the terminology used in the insurance industry. We hope that you find it useful, and that if you live in California or need insurance in Mexico, you think of the South Bay Insurance Agency.

Insurance Lexicon

/	401K	ACV
Abandonment	Accelerated Benefits Rider	Accidental Death Benefit Rider
Accidental Death Insurance	Accounts Receivable Coverage	Actual Cash Value
Additional Insured	Advertising Injury	Agent
Aggregate	All Risk Coverage	Annually Renewable Term
Application	Assignment Assignment	Attained Age
Audit	Automobile	BOP
Backdating	Bailee Coverage	Basic Cause of Loss Form
Basic Limits	Beach Cities	Beneficiary
Best's Rating	Binder	Bodily Injury Liability Limit
Bodily Injury by Accident Limit	Bodily Injury by Disease, Each Employee	Bodily Injury by Disease-Policy Limit
Boiler & Machinery Insurance	Boiler and Machinery Insurance	Bond
Brands and Labels Endorsement	Broad Causes of Loss Form	Building Ordinance Coverage
Burglary	Business Auto Policy	Business Income Coverage
Business Interruption Coverage	Business Owners Policy	Care, Custody or Control
Carrier	Cash Benefits	Cash Value
Casualty Insurance	Catastrophe	Causes of Loss Forms
Certificate of Insurance	Claim	Claim Expense
Claimant	Claims Reserve	Class
Classification	Coinsurance Provision	Collapse
Collision Insurance	Commercial General Liability Policy	Competitive State Funds
Completed Operations	Comprehensive Auto Coverage	Compton
Compulsory Insurance	Concealment	Conditional Receipt
Conditions	Condo Insurance	Consequential Loss
Constructive Total Loss	Contestable Clause	Contingent Beneficiary
Contract	Convertible Term	Countersignature
Coverage	Cross-Purchase Plan	Cumulative Injury
Death Benefit	Debris Removal	Decreasing Term Insurance
Deductible	Deposit Premium	Depreciation
Direct Damage	Double Indemnity	Driver Other Car Endorsemen
Drop Down Provision	EDP Coverage	Earned Premium
Earthquake Exclusion	Earthquake Insurance	Editing
Effective Date	El Segundo	Electrical Damage or Injury Exclusion
Employee Dishonesty Coverage	Employee Leasing	Employers Excess Indemnity Insurance
Employers Liability Coverage	Employment Practices Liability Insurance	Endorsement
Equipment Floater	Estimated Premium	Evidence of Insurability
Excess Liability Policy	Excess and Surplus Lines Insurance	Exclusions
Expected or Intended	Expediting Expense Coverage	Expense Constant
Experience Modifier	Expiration	Exposure Base
Extra Expense Coverage	Extraterritorial Coverage	Face Amount
Farmers Insurance	Fiduciary Liability	Final Expenses
Fine Arts Coverage	Fire Department Service Charge Coverage	Fire Insurance
Fire Legal Liability Coverage	Fire Wall	Firewall
Fixed Benefit	Flat Cancellation	Flood Coverage
Flood Exclusion	Flood Insurance	Flood insurance
Follow Form	Forgery or Alteration Coverage	Fortuitous Event
Free Look	Frequency	Full Coverage
Funeral Expenses	Garage Liability Insurance	Garagekeepers Coverage
Gardena	Geico Insurance	Geico Motorcycle Insurance
General Aggregate Limit	General Liability Insurance	Glass Insurance
Governing Classification	Grace Period	Graded Premium Policy
Gross Negligence	Gross Vehicle Weight	Guaranteed Term
Health	Health Insurance	Hired Automobile
Hold Harmless Agreement	Homeowners Policy for Mexico	Host Liquor Liability
Improvements and Betterments	Incontestable Clause	Increasing Term Insurance
Incurred Losses	Independent Adjuster	Independent Contractor
Inflation Guard Provision	Insurability	Insurance
Insurance Policy	Insurance to Value	Insured
Insurer	Irrevocable Beneficiary	Joint Venture
Lapse	Lawndale	Leasehold Interest
Lessee	Lessor	Liability
Liability Insurance	Liberalization Clause	Lien
Life Expectancy	Life Insurance	Life expectancy
Limit of Liability	Limited Pay Policy	Longshore and Harbor Workers' Compensation Act
Loss	Loss Adjustment Expense	Loss Constant
Loss Control	Loss Payable Clause	Loss Ratio
Loss Report	Loss Reserve	Lost Policy Release
Main Page	Manhattan Beach	Medical
Medical Expenses	Medical Payments, Auto	Medical Payments, General Liability
Mexican Commerical Insurance	Mexico	Mexico Coverage
Mexipass	Minimum Premium	Misrepresentation
Mobile Equipment	Monopolistic State Funds	Monopolistic state funds
Mortality Rate	Mortality Table	Mortgage Clause
Motorcycle Insurance	Named Perils Coverage	National Flood Insurance Program
Nonadmitted Insurer	Nonowned Automobile	Nonsubscription
Occupational Hazard	Occurrence	Original Age
Other Insured Rider	Ownership	Package Policy
Payroll Limitation	Peril	Personal Auto Policy
Personal Auto Policy for Mexico	Personal Injury	Personal Injury Protection
Personal Property	Personal Umbrella	Policy
Policy Fee	Policy Holder	Policy Information
Policy Period	Pollutant	Preferred Risk
Premises	Premises-Operations	Premium
Premium Flexibility	Primary Beneficiary	Primary Policy
Pro Rata Cancellation	Product	Product Liability
Products-Completed Operations	Professional Liability	Progressive Motorcycle Insurance
Property Damage	Property Insurance	Provisions
Re-entry Option	Real Property	Redondo Beach
Reinstatement	Renewal Policy	Rents or Rental Value Insurance
Replacement	Representation	Return Premium
Rider	Risk	Robbery
Rolling Hills Estates	Secondary Beneficiary	Short-Term Cancellation
Single Premium Policy	Special Causes of Loss Form	Specified Causes of Loss Coverage
Sprinkler Leakage Coverage	Stub	Surplus Lines Insurance
Temporary Automobile Insurance Program	Term	Term Insurance
Term Life	The Best Insurance in California	Third-Party Owner
Time Element Insurance	Torrance	Townhouse Insurance
Transit Coverage	Umbrella Liability Policy	Umbrella Policies
Underinsured Motorists Coverage	Underlying Coverage	Underwriter
Unearned Premium	Uninsurable Risk	Uninsured Motorist Coverage
Universal Life	Utility Service Interruption Coverage	Vacancy Provision
Valuable Papers and Records Coverage	Variable Life	Waiver of Premium
Waiver of Subrogation	Watercraft Insurance	Welcome
Whole Life	Whole Life Insurance	Whole life insurance
Wilmington	Workers' Compensation