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 10 names in this directory beginning with the letter N.
Named Peril
Peril specifically mentioned as covered in an insurance policy.

No-Fault Automobile Insurance
A form of insurance by which a person

No-Pay, No Play
The idea that people who don

Non-Admitted Company (Carrier)
An insurance company not licensed to do business in the state in question.

Non-Admitted Insurer
Insurers licensed in some states, but not others. States where an insurer is not licensed call that insurer non-admitted. They sell coverage that is unavailable from licensed insurers within the state.

Non-Forfeiture Options
The choices available to an insured as to how the cost value of a life insurance policy will be received

Non-Participating Insurance
See Guaranteed Cost Insurance.

Notice of Loss
A written notice required by insurance companies immediately after an accident or other loss. Part of the standard provisions defining a policyholder

Nuclear Insurance
Covers operators of nuclear reactors and other facilities for liability and property damage in the case of a nuclear accident and involves both private insurers and the federal government.

Nursing Home Insurance
A form of long-term care policy that covers a policyholder
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QUESTIONS? Call an Insurance Specialist at 1-866-924-SWRM (7976)

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