Insurance terms and definitions for the letter V. Look up insurance words.

Insurance Terms By Alphabet

Insurance Glossary and Insurance Terms Definitions are below.

definitions to obtain an understanding of the product you have. These definitions are not limited to just car
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WEATHER DERIVATIVE
tend to fluctuate depending on the weather.

WEATHER Insurance
A type of business interruption Insurance that compensates for financial losses caused by adverse weather
conditions, such as constant rain on the day scheduled for a major outdoor concert.

WHOLE LIFE
Insurance which provides Coverage for an individual's whole life, rather than a specified term. The oldest
kind of cash value life Insurance that combines protection against premature death with a savings account.
Premiums are fixed and guaranteed and remain level throughout the policy’s lifetime.

WORKERS COMPENSATION
Insurance that pays for medical care and physical rehabilitation of injured workers and helps to replace lost
wages while they are unable to work. State laws, which vary significantly, govern the amount of benefits paid
and other compensation provisions.

WRAP-UP Insurance
Broad policy coordinated to cover liability exposures for a large group of businesses that have something In
common. Might be used to insure all businesses working on a large construction project, such as an
apartment complex.

WRITE
To insure, underwrite, or accept an application for Insurance.

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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