☰ ˟
Logo
For Your Insurance Needs Pickerington: 614-833-0555 Lancaster: 740-653-7111
  • Home Page
  • Our Agency
    • About Us
    • Our Locations
    • Our Staff
    • Our Providers
    • Community Involvement
    • Privacy Policy
  • Products
    • All Products
    • Business InsuranceImage of right arrow
      • Bonds
      • Business Owners Policy (BOP)
      • Commercial Auto Insurance
      • Commercial General Liability
      • Commercial Property Insurance
      • Commercial Umbrella Insurance
      • Errors and Omissions Insurance
      • Professional Liability
      • Small Business Insurance
      • Trucking Insurance and Semi Truck Insurance
    • Farm InsuranceImage of right arrow
      • Farm Owners Insurance
      • Farm Auto Insurance
      • Farm Umbrella Insurance
      • Farm Liability Insurance
      • Farm Livestock Insurance
      • Farm Equipment Insurance
    • Auto InsuranceImage of right arrow
      • Automobile
      • Commercial Auto Insurance
      • SR22, FR Bonds, and Named Non-owner
      • Motorcycle
    • Home InsuranceImage of right arrow
      • Condo Insurance
      • Homeowners Liability
      • Renters
      • Landlords Insurance
    • Life InsuranceImage of right arrow
      • Term Life Insurance
      • Whole Life Insurance
    • Recreational Vehicle InsuranceImage of right arrow
      • ATV Insurance
      • Boat Insurance
      • Motorcycle Insurance
      • Motorhome Insurance
      • Snowmobile Insurance
    • Other Personal InsuranceImage of right arrow
      • Personal Umbrella Insurance
      • Identity Theft
  • Request a Quote
  • Refer a Friend
  • Blog
  • Contact Us
Home > Glossary > K

Insurance Glossary

Insurance terms and definitions from Gary A Gibson Insurance Agency.


Coverages and benefits listed below may not be available in your state. If available, some optional coverages and benefits might be offered at an additional charge. Contact Gary A Gibson Insurance Agency today to learn more.
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
KEY PERSON INSURANCE
Insurance on the life or health of a key individual whose services are essential to the continuing success of a business and whose death or disability could cause the firm a substantial financial loss.

KIDNAP/RANSOM INSURANCE
Coverage up to specific limits for the cost of ransom or extortion payments and related expenses. Often bought by international corporations to cover employees. Most policies have large deductibles and may exclude certain geographic areas. Some policies require that the policyholder not reveal the coverage’s existence.


NOTICE: These glossary definitions provide a brief description of the terms and phrases used within the insurance industry. These definitions are not applicable in all states or for all insurance and financial products. This is not an insurance contract. Other terms, conditions and exclusions apply. Please read your official policy for full details about coverages. These definitions do not alter or modify the terms of any insurance contract. If there is any conflict between these definitions and the provisions of the applicable insurance policy, the terms of the policy control. Additionally, this informational resource is not intended to fully set out your rights and obligations or the rights and obligations of the insurance company, agent or agency. If you have questions about your insurance, you should contact your insurance agent, the insurance company, or the language of the insurance policy.

Insurance Websites Designed and Hosted by Insurance Website Builder
Glossary content provided by Insurance Information Institute and ITC

Carrier
Carrier
Carrier
Carrier
Carrier
Carrier
Carrier
Carrier
Carrier
Carrier

Logo

Pickerington Office

109 Hill Rd N
Pickerington, OH 43147
 
P: 614-833-0555

F: 614-833-0556

Lancaster Office

711 W Fair Ave
Lancaster, OH 43130

P: 740-653-7111

F: 740-653-5208

Social Social
Home Page| Our Team| Refer A Friend| Insurance Glossary| Search Our Site
© Copyright. All rights reserved. Powered by Insurance Website Builder