Entries from Consumer Insurance Blog tagged with 'terminology'

Lingo watch: deductibles

A deductible is the amount of money that an insured person or business must pay for loss, damage, or services before payments will be triggered by an insurer. The terms of the deductible are stated in an insurance policy. If...

Lingo watch: Business Owners Policy (BOP)

Business Owners Policy - also known as BOP - a type of insurance purchased by small to mid-sized businesses that combines several forms of business insurance in one package, usually at a more affordable price than buying each policy separately....

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