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 14 names in this directory beginning with the letter E.
The portion of the total policy premium that has been “used up” during a policy term. With a one-year policy, half of the total premium has been earned after six months.
The date on which an insurance binder or policy goes into effect.
A written agreement attached to a policy expanding or limiting the benefits otherwise payable under the policy. Also called a “rider.”
A property insurance coverage for equipment that is often moved from place to place.
A preliminary premium amount that could be adjusted based on a variance in exposures.
Evidence of Insurability
To qualify for a particular policy at a particular price, companies have the right to ask for information about health and lifestyle. An insurance company will use this information – the evidence of insurability – in deciding if your application for insurance is acceptable and at what premium rate.
Excess and Surplus Lines Insurance
Coverage that is provided by insurers not licensed in states where the risk is located.
Excess Liability Policy
A policy that provides additional limits in excess of an underlying liability policy.
Items or conditions that are not covered by the general insurance contract.
The ratio of a company’s operating expenses to premiums.
The specified date and time at which the policy terminates.
Measure of vulnerability to loss, usually expressed in dollars or units.
An extension of the fire policy to cover the additional perils of windstorm, hail, explosion, or riot, attending a strike, civil commotion, aircraft, vehicle and smoke.
Extended Term Insurance Option
A policy provision that provides the option of continuing the existing amount of insurance as term insurance for as long a period of time as the contract’s cash value will purchase.