Midwest General Agency | R.W. Scobie | Insurance Words Glossary

Insurance Words Glossary
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Viewing: J (21)
Word Definition
Jacket The outer covering of an insurance policy, containing the declarations, insuring agreements, exclusi...
Jettison

In ocean marine insurance, the voluntary throwing overboard of part of the cargo or gear of the v...

Jewelers Block Insurance Broad policies insuring jewelers against all loss to their stock in trade. Generally considered to b...
Jewelers Package Policy A special package policy developed for jewelry risks containing a package of coverages including cri...
Jewelry Floater An inland marine policy insuring jewelry wherever it may be.
Joint and Several Liability This type of liability occurs when more than one party is involved in a contract and where both join...
Joint and Survivor Annuity A type of annuity that is most often written for a married couple. As long as both are alive, a peri...
Joint and Survivorship Option A life insurance settlement option that pays benefits to two or more persons. Benefits payments ceas...
Joint Control When more than one party to a contract or agreement has equal control of the funds or interest in th...
Joint Credit Life Insurance Used in credit life insurance to cover more than one person, i.e., husband and wife as cosigners. Wi...

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