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Insurance Made Simple
If you’re visiting this page, then good on you for trying to understand insurance better! We’ve highlighted common and useful insurance terms here and broke them down in plain English.
A
• Annual coverage
B
• Benefit
C
• Cash Benefit• Chronic illness• Claim• Companion pet• Congenital condition• Consultation• Cooling-off period
E
• Elective/preventative Procedure• Endorsement• Exclusion
F
• Fraud
G
• Grace Period
H
• Hereditary condition
I
• Insured
M
• Material Facts• Medically necessary
O
• Orthopaedic condition
P
• Period of insurance• Pet insurance• Policy Schedule• Policy end date• Policy start date• Policy wording• Policyholder• Pre-existing condition• Premium levy• Premium
Q
• Quote
R
• Reimbursement rate• Reimbursement• Reinsurance
S
• Sublimit
U
• Underwriting
W
• Waiting period
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