DiscoverRisk
  • About you
  • About risk
  • Opinion
  • Applying
Back to World of Risk Back to World of Risk

Glossary


With terms like 'excess' and 'endorsement' used by risk professionals every day it's helpful to know what they mean in plain English. And no, 'excess' isn't something that happens at the best parties!

Flood Insurance

This is designed to reimburse property owners from loss due to flood. Usually sold in connection with a government flood insurance plan. Some insurers no longer offer insurance policies in places where there is a high risk of flooding.

Accident, Sickness and Unemployment Insurance

This scheme provides people with a tax-free monthly income if they can't work because they're sick or unemployed. It usually lasts for 12 or 24 months.

Average

A condition which means that all claims will be proportionately reduced in the event of underinsurance.



Back to World of Risk Back to World of Risk
IAG | Terms & Conditions | Cookie Policy |Sitemap | © Copyright 2016 The Chartered Insurance Institute. All rights reserved

Website by itineris | Email Marketing by Little Green Plane