Atlantic Insurance Group Resources:
At Atlantic Insurance Group, we’re firm believers in “knowledge is power.” We hope you’ll take a moment and explore the resources provided below. We look forward to the privilege to work with you to tailor an insurance program that truly meets your needs and provides you with sound coverage and peace of mind.
There are currently 13 names in this directory beginning with the letter D.
In a technical sense, damages refer to the money or compensation recoverable in a lawsuit by a party who has been injured in person or property or rights by the negligence of another.
Amount paid to the beneficiary upon the death of the insured.
When a policy holder dies, the person entitled to the proceeds must complete certain forms giving due proof of the death and establishing the claimant’s right to such proceeds. When filed with the company, the company is said to have received a death claim.
The page in a policy that shows the name and address of the insurer, the period of time a policy is in force, the amount of the premium, and the amount of coverage.
Decreasing Term Life Insurance
Term insurance on which the face value slowly decreases in scheduled steps from the date the policy comes into force to the date the policy expires, while the premium remains level. The intervals between decreases are usually monthly or annually.
The amount an insured person must pay before the insurance company pays the remainder of each covered loss, up to the policy limits.
An annuity under which the annuity payment period is scheduled to begin at some future date.
A decrease in the value of property over a period of time due to wear and tear or obsolescence. Depreciation is used to determine the actual cash value of property at time of loss. (See ACTUAL CASH VALUE.)
A loss where an insured peril is the proximate cause. If a windstorm blows the roof off a home, the windstorm is the insured peril causing the direct loss or damage.
A benefit provision forming part of a life insurance policy providing for certain benefits in the event of total and permanent disability from accident or sickness.
A return to the policyholder of excess premium over losses and expenses at the end of the policy period. Dividends are authorized by the board of directors, and are payable to all participating policyholders of a specified class.
An insurance company organized in a given state is referred to in that state as a domestic carrier.
Payment of twice the basic benefit in the event of loss resulting from specified causes or under specified circumstances.