consideration clause: Stipulation that states the basis on which an insurer issues an insurance contract.
Read more to view related video clips to this insurance terminology.
conforming mortgages: Mortgages of ‘A’ or ‘prime’ quality that meet GSE size requirements for purchase of guarantee.
Read more to view related video clips to this insurance terminology.
conditional claim rate: The number of mortgages of a given class that go to claim during a calendar year divided by the number of mortgages in that class outstanding at the beginning of the year.
Read more to view related video clips to this insurance terminology.
computer insurance: Covers computer equipment and peripherals beyond the normal coverage provided in homeowner’s insurance policies. Usually, homeowner’s policies only cover up to between $1,000 and $3,000 in computer equipment. With more people owning expensive computers and peripherals, and even using them for home-based businesses, riders and separate policies are becoming more popular. Some policies are also designed to cover damage and/or theft of portable equipment, such as laptop computers, and even the costs of data recovery.
Read more to view related video clips to this insurance terminology.
comprehensive medical expense insurance: Insurance that provides coverage, in one policy, for basic hospital expense and major medical expense.
Read more to view related video clips to this insurance terminology.
comprehensive insurance: The part of an auto insurance policy that pays out in the event of extensive physical damage (known as the totaling of a car) or theft of the car.
Read more to view related video clips to this insurance terminology.
combined ratio: The sum of the loss ratio plus the expense ratio plus the policyholder dividend ratio.
Read more to view related video clips to this insurance terminology.
combination plans: Life insurance policies that combine features of term and whole life policies.
Read more to view related video clips to this insurance terminology.
collision insurance: The part of an auto insurance policy that pays for the repair of a car after a crash.
Read more to view related video clips to this insurance terminology.
collateral assignment: Designating a creditor as the beneficiary of a life insurance policy as security for a loan.
Read more to view related video clips to this insurance terminology.