844-EINSURE
My Location
Unknown x

Insurance Terms
Glossary

Lorem ipsum dolor sit amet, graeco vocibus erroribus nam et, cu vix sanctus salutandi definitionem. Eos corrumpit necessitatibus ea, te cum iriure persius, diam porro argumentum ne eum. Reque tractatos ne cum, iusto graeco platonem nec eu. Eum saepe omnium meliore ne, ne eam ancillae complectitur, sed ex dicit audiam.

  • Incurred Losses

    Expense account in an insurance company's Income Statement reflecting the claims paid during the policy year plus the loss reserves as of the end of the policy year, minus the corresponding reserves as of the beginning of the policy year. The difference between the year end and beginning of the year claim reserves is called the increase in reserves and may be added directly to the paid claims to produce the incurred losses.

  • Indemnity

    Legal principle that specifies an insured should not collect more than the actual cash value of a loss but should be restored to approximately the same financial position that existed before the loss.

  • Inheritance Tax

    A tax on the estate of a deceased person.

Stay civilized with the latest insurance news

Insurance Reference Guides

Where you live may affect your coverage options. Our reference guide will assist you in finding plans available in your state.

Insurance Terms Glossary

From "absolute liability" to "written premiums," we've done the work for you to define commonly used insurance terms.

© 2018 e-INSURE. Privacy Policy | Terms

EInsure Services, Inc., Insurance Services, Chicago, IL
TRUSTe
x

contact info

company info

partnership details