Del Toro Insurance, Miami FL

Many of the terms used in the insurance business can be confusing. To help you understand some of these terms a little better, we have presented a glossary for you to browse. Please understand that specific terms and conditions apply to every insurance policy, and these terms and conditions may limit the coverage available for any given accident or loss - they may even modify the meaning of some of the terms listed here. It is very important for you to note that the precise coverage afforded is subject to applicable underwriting guidelines and to the terms, conditions and exclusions of the policies issued.

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

E

Endorsement - A document used to amend the coverage in an otherwise complete policy.

Estimate - An evaluation of the cost to repair a damaged car. The estimate may be made by a body shop or a physical damage appraiser, also called a material damage appraiser.

Exclusions - Insurance policy provisions that restrict the broad terms of the insurance agreement stating some exceptions to coverage - certain activities, loss causes, types of property, persons, and places - for which the insurer does not provide coverage.

Expiration, expiration date, expire - An insurance policy’s coverage ceases, or expires, at the end of the policy term or policy period.