- Hail Insurance: Insurance 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: Any 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) at a fixed periodic payment.
|
- High-Risk Automobile Insurer:
A insurance company that specializes in insuring motorists
who have poor driving records.
|
- 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.
|
Back to the Glossary
|
