hospital indemnity insurance: Health insurance that provides a stipulated daily, weekly, or monthly payment to an insured person during hospital confinement, without regard to the actual confinement expense.
Read more to view related video clips to this insurance terminology.
hospice: Care provided to terminally ill patients and their families that emphasizes emotional needs and coping with pain and death rather than cure.
Read more to view related video clips to this insurance terminology.
high risk pools: State plans that provide insurance coverage for those who are unable to purchase it on the open market due to high risk factors. For example, some states have high-risk pools for health and auto insurance.
Read more to view related video clips to this insurance terminology.
health maintenance organization (HMO): Organization that provides a wide range of comprehensive health care services for a specified group for a fixed periodic prepayment.
Read more to view related video clips to this insurance terminology.
health insurance: Coverage that provides benefits as a result of sickness or injury. Policies include insurance for losses from accident, medical expense, disability, or accidental death and dismemberment.
Read more to view related video clips to this insurance terminology.
HO-8: HO-8 is basic home insurance for an older home. Covers dwelling and personal property from 11 perils. It differs from HO-1 (a basic home insurance policy) in that it covers repairs or actual cash values ù not rebuilding costs. This is for homes where some historic or architectural aspects make the home’s replacement cost significantly higher than its market value.
Read more to view related video clips to this insurance terminology.
HO-6: HO-6 is condominium coverage. Covers personal property from 17 listed perils along with certain building items in which the unit owner might have an insurance interest.
Read more to view related video clips to this insurance terminology.
HO-4: HO-4 is renters insurance coverage. Covers only personal property from 17 listed perils.
Read more to view related video clips to this insurance terminology.
HO-3: HO-3 is extended or special homeowners insurance. Covers 17 stated perils plus any other peril not specified in your policy, except for flood, earthquake, war, and nuclear accident.
Read more to view related video clips to this insurance terminology.
HO-2: HO-2 is basic homeowners plus extras. Covers dwelling and personal property against 11 perils plus six more: falling objects; weight of ice, snow or sleet; three categories of water-related damage from home utilities or appliances; and electrical surge damage.
Read more to view related video clips to this insurance terminology.