Keller-Lowry Insurance, Inc. -- Denver, Colorado Insurance Agency: Insurance Glossary

- H - Insurance Glossary

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Hail Insurance:
Form of insurance that protects against loss of crops from hail.
Hazard:
A condition that creates or increases the chance of loss.
Health Insurance:
Insurance against financial losses resulting from sickness or accidental bodily injury.
Health Insurance:
An insurance policy that provides payment for benefits of a covered sickness or injury. Included under this definition are various types of insurance such as: accident insurance, disability insurance, medical expense insurance, and accidental death and dismemberment insurance.
Health Maintenance Organization (HMO):
An HMO is a prepaid medical service plan that provides a wide range of comprehensive health care services for a specified group (members) or individuals at a fixed periodic payment.
High-Risk Automobile Insurer:
A insurance company that specializes in insuring motorists who have poor driving records.
Hired Auto Liability:
A nonowned auto that may be borrowed as well as rented or leased by the insured. Personal auto policy insureds are covered automatically for hired autos, but business auto policy insureds may not be. Employer's may be exposed to liability when a vehicle is rented in the company name.
Hold-Harmless Clause:
A clause written into an insurance policy which one party agrees to release another party from any legal liability.
Homeowners Policy:
A package policy providing home owners with a broad range of property and liability coverage's.
Hospice:
A health care facility providing medical care and support services for terminally ill persons.
Hospital Expense Insurance:
A health insurance policy that covers daily hospital room and board charges and some miscellaneous hospital expenses.
Hospital Miscellaneous Services:
Any services other than room and board (and general nursing services) provided by a hospital during hospital confinement. Included are such items as: X- ray examinations, laboratory tests, medicines, surgical dressings, anesthetics (including the administration of), and use of operating room.
Hull Insurance:
A class of ocean marine insurance that covers physical damage to the ship or vessel insured. Usually, written on an "all-risks" basis. Also can provide physical damage insurance on a aircraft, similar to collision insurance in an automobile policy.
Human Life Value:
A method of determining Life insurance needs by taking into account a person's income, expenses, remaining years of earning, and the depreciation of money over time.
Hurricane:
A tropical storm marked by extremely low pressure and circular winds with a velocity of 75 miles an hour or more.

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Insurance Glossary is Copyrighted By Richard H. Reynolds.
Keller-Lowry Insurance, Inc. Uses This Glossary By Permission.