Insurance Glossary
Insurance terms and definitions from W. M. Jones & Company.
Coverages and benefits listed below may not be available in your state. If available, some optional coverages and benefits might be offered at an additional charge. Contact W. M. Jones & Company today to learn more.
KEY PERSON INSURANCE
Insurance on the life or health of a key individual whose services are essential to the continuing success of a business and whose death or disability could cause the firm a substantial financial loss.
KIDNAP/RANSOM INSURANCE
Coverage up to specific limits for the cost of ransom or extortion payments and related expenses. Often bought by international corporations to cover employees. Most policies have large deductibles and may exclude certain geographic areas. Some policies require that the policyholder not reveal the coverage’s existence.
NOTICE: These glossary definitions provide a brief description of the terms
and phrases used within the insurance industry. These definitions are not applicable
in all states or for all insurance and financial products. This is not an insurance
contract. Other terms, conditions and exclusions apply. Please read your official
policy for full details about coverages. These definitions do not alter or modify
the terms of any insurance contract. If there is any conflict between these definitions
and the provisions of the applicable insurance policy, the terms of the policy control.
Additionally, this informational resource is not intended to fully set out your rights
and obligations or the rights and obligations of the insurance company, agent or agency.
If you have questions about your insurance, you should contact
your insurance agent, the insurance company, or the language of the insurance policy.
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*****Important FEMA Information********
Homeowners.... You must go through your insurance company first.....FEMA comes in behind your insurance for further possible assistance...
You must register 1-800-621-3362 If you lost income because you can't go to work... Call FEMA 1-800-621-3362 and register for disaster unemployment If your vehicle flooded out in the storm....
You'll need to have liability coverage on your vehicle at the time of the disaster, your title and registration for FEMA (1800-621-3362) to pay.
If you have full coverage you must file with your insurance company first.
If you're under mandatory evacuation... Call FEMA and register... You will get up to 2 months of rental assistance at the fair market value of your area.
If you have bills you are behind in or if you have some coming due you can call them EVERY COMPANY is pushing back due dates & some are even credited full months of service if you're in Houston or surrounding areas.
Call your light companies, phone companies, cable companies, etc and ask them for extensions to give yourself time to come back from this disaster!! |