Glossary of Insurance Terms

Discover a clear glossary of insurance terms, including cash value, pre-existing condition, premium holiday, and more.

A supplemental insurance to the main insurance already held. Known as riders or coverage extensions, these provide additional benefits such as:

  • Coverage extension for flood and typhoon damage
  • Coverage extension for earthquake and tsunami damage
  • Coverage extension for civil unrest or riots
  • Coverage extension for terrorism and sabotage
  • Legal liability coverage extension for third parties (TPL)