Insurance Sector / Terminology
insurance By Amrita Tiwari 10 Common Insurance Terms [1] Adjuster. A claims or insurance adjuster is employed by or acts on behalf of an insurance company to examine, evaluate and settle insurance claims. ... [2] Certificate of Insurance (COI) ... Certificate of Insurance refers to the document that contains all the crucial details regarding an insurance policy in a comprehensive and standardized format . This is used as a proof of policy's current status, coverage details, risk exposure and protection against third-party liability. [3] Claim;. 1 : a demand for something owed or believed to be owed an insurance claim. 2 : a right to something He has a claim to the family fortune. 3 : something (as an area of land) claimed as someone's own a prospector's claim. [4] Declaration Page. What Is an Insurance Declarations Page? Your insurance declaration page, also known as the dec page, summarizes the information essential to your insurance coverage . It includes