Insurance Terms Defined | Insurance Buddy

Category Archives: Insurance Terms Defined

Updated May 2023 The insurance industry is full of all kinds of terms and jargon. Have you ever felt confused when reading your policy or doing…

In this post we’re going to look at a term that is crucial to understanding your home insurance coverage – perils. Perils refer to the causes…

In this post we’re going to look at a very common term in the realm of business insurance – errors and omissions also often abbreviated as…

If you’re in the market for home insurance, you may have come across the term all-risk insurance. Not sure what specifically this refers to? Read on…

All industries have their own vocabulary and the insurance industry is no exception. In this post, we’re going to look at a common term you might…

In searching for car insurance you may have come across the term high risk driver, or high risk auto insurance. If you’re wondering what that means,…

As with any industry, the world of insurance is chock full of vocabulary and jargon that is often incomprehensible to someone not in the field. And…

As with any industry, the world of insurance has a vocabulary of its own with a slew of terms and words used and referenced that can…

Statutory Accident Benefits must be a part of any car insurance coverage in our province. While we touched on this in our post about what is…

There is a lot of insurance specific vocabulary and some of it can be confusing or unclear. In this post, we’re going to elaborate on one…