A Guide To Insurance Claims Jargon

A Guide To Insurance Claims Jargon


When you make an insurance claim, you might feel overwhelmed by the insurance jargon. It can be challenging to understand the language used in policies, contracts, and claims. However, when filing a claim, it is essential to know the terms used by insurance companies. This guide will help you understand the most commonly used jargon so that the next time you file a claim, you'll feel more confident and informed.


1. Insurance Policy

The insurance policy is a legal contract between you and the insurance company that outlines the terms, conditions, and coverage of your insurance. The policy provides detailed information about your insurance coverage and the benefits you are entitled to.

2. Deductible

The deductible is the amount of money that you must pay out of pocket before your insurance provider covers the costs of the claim. If you have a higher deductible, it means you'll pay more upfront before insurance comes in.

3. Premium

The premium is the amount of money that you pay to the insurance company for your policy coverage. You typically pay premiums monthly or annually, depending on the contract.

4. Claim Adjuster

A claim adjuster is responsible for assessing and evaluating your claim. They investigate the claim's circumstances, assess damages, and estimate the claim's value.

5. Exclusion

An exclusion is a provision in an insurance policy that specifically limits coverage or excludes certain events, activities, or people from coverage.

6. Endorsement

An endorsement is an addition to your insurance policy that provides additional coverage. Endorsements are meant to modify the coverage of your policy to fit your changing needs and to exclude or include specific risks or items.

7. Loss of Use

Loss of use is a term used to describe additional living expenses incurred when your home is uninhabitable due to covered damage. The insurance company may pay expenses incurred for living in temporary housing while repairs are made.



Understanding the insurance claims jargon can be challenging for someone who hasn't dealt with insurance before. Knowing the language can help you understand your policy better and file a claim more easily. It's also important to remember that insurance policies differ, and you must read through your policy to understand the terms that apply to your situation. If you're looking for a loss adjuster in Orlando, FL, contact Ultra Property Damage today for a free consultation. We are experienced in handling claims of all sizes and will help you navigate the process from beginning to end.

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