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Glossary
Insurance terms
Glossary
Key insurance terms — plainly explained.
Statutory long-term care insurance
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Premium
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Premium waiver / paid-up policy
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Private health insurance (PKV)
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Personal liability insurance
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Progression (accident insurance)
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Litigation cost risk
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Legal expenses insurance
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Regional risk class
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Claims settlement
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Trip interruption insurance
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Trip cancellation insurance
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Comprehensive travel insurance package
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Private pension insurance
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Term life insurance
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Surrender value
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Seasonal number plate
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Insurance claim event
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Compensation for pain and suffering
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Roadside assistance cover
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Deductible (legal insurance)
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Deductible (excess)
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No-claims discount class (SF class)
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Cancellation fees
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More terms coming soon. For personal advice, consult a licensed insurance broker.
