The A-Z House Insurance Guide.

 

When looking into buying house insurance it can be a bit daunting when you come across all the terminology involved. So we have compiled a guide to insurance terminology.

Click on the relevant letter that the term or word begins with and find out what it means.

 

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

 

P

 

Policy

This is the official insurance document detailing the contract between the policyholder and the insurance company.

 

Policyholder/s

The person/s for which the specific insurance policy is issued for and hence the person to whom any benefits will be payable.

 

Premium

This is the amount of money that the policyholder will need to pay the insurance company in respect of their policy.

 

Proposal Form

A form which is the application for insurance cover.

 

Proposer

A company or individual who applies for insurance.