Insurance Glossary

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Learn how to protect your business and your family with our online resources.

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Glossary of Insurance Terms

All | # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

There are currently 12 names in this directory beginning with the letter H.

Hacker Insurance

A coverage that protects businesses engaged in electronic commerce from losses caused by hackers.

Hail Insurance

See Crop-Hail Insurance.

Hard Market

A seller

Hazard

The presence of a condition that could cause loss or injury to property or persons. For example, smoking in bed increases the chance for loss of property and life resulting from fire.

Health Insurance

There are two major types Disability income insurance pays for loss of income due to disability; medical expense insurance pays for hospital, doctor and other medical expenses. Both of these generally pay for losses arising from sickness or accidents. Some policies, referred to as

Health Maintenance Organization (HMO)

The oldest form of managed health care. In exchange for a monthly fee, HMOs offer members a comprehensive range of health services, usually including preventive medical care.

Hold Harmless Agreement

A contract under which one party

Homeowners Policy

A package policy for the homeowner that combines

House Year

Equal to 365 days of insured coverage for a single dwelling. It is the standard measurement for homeowners insurance.

Hull Policy

An ocean marine or aviation insurance contract covering damage to or loss of a ship or plane, but not the contents.

Hurricane

A tropical storm with sustained winds of 75 or more miles an hour that is usually accompanied by rain and abnormally high tides.

Hurricane Deductible

A percentage or dollar amount added to a homeowners insurance policy to limit an insurer

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QUESTIONS? Call an Insurance Specialist at 1-866-924-SWRM (7976)

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