Insurance Glossary
Plain-English definitions for 59+ insurance terms. No jargon to explain jargon — just clear answers so you can understand your policy with confidence.
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Certificate of Insurance
A document issued by an insurer that proves you have an active insurance policy.
Claim
A formal request you submit to your insurance company asking them to pay for a covered loss or event.
Coinsurance
The percentage of costs you share with your insurer after you have met your deductible.
Copay
A fixed dollar amount you pay for a specific medical service at the time you receive it.
Coverage Limit
The maximum amount an insurance company will pay for a covered claim.