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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 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
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 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	Mobilehome Insurance	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
The Best Insurance in California	Third-Party Owner	Time Element Insurance
Torrance	Townhouse Insurance	Transit Coverage
Umbrella Liability Policy	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