Common Insurance Terms for Beginners

Deductibles. Premiums.Policy holder. All these terms.  Just like any industry, insurance has many terms.

The person who sells you your auto or home insurance policy can go by many names. Here’s a sample of reported job titles:

Insurance Agent, Agent, Sales Agent, Insurance Broker, Account Executive, Producer, Sales Representative, Insurance Sales Agent, Underwriting Sales Representative, Account Manager

Other common terms you might her in a conversation with your insurance representative:

• Actual Cash value
• Cancellation
• Commercial property
• Deductibles
• Insured
• Insurer
• Premium
• Policy
• Policy holder/owner
• Renewal

Check for definitions as well as other terms here.

Are there any others you still don’t understand? Comment below.