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Jargon Buster

We’re committed to helping our customers understand insurance. Here’s a list of common words and phrases you will come across in your policy and when making your decisions.
All | A B C D E F I L N P R S U V
There is currently 1 entry in this directory beginning with the letter A.
Average
In the event of a claim, where under insurance is identified, an insurance company will look to reduce the amount paid, in proportion to the difference in value (see under insurance).