Insurance glossary
Every insurance term explained in plain English. No jargon, no vague definitions — just clear explanations with real examples.
A
Actuarial
Statistical analysis of risk and probability used to calculate insurance rates.
Read definition →Actual cash value
Pays the depreciated value of property — what it's worth today, not what it costs to replace.
Read definition →ACA subsidy
Government financial help to reduce your health insurance premium on the marketplace.
Read definition →C
Coverage limit
The maximum amount your insurer will pay for a covered claim.
Read definition →Collision coverage
Pays to repair or replace your vehicle after an accident.
Read definition →Comprehensive coverage
Covers non-collision damage like theft, weather, and fire.
Read definition →COBRA insurance
Temporary health coverage continuation after leaving a job, at your own expense.
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