Glossary
Plain-language definitions of insurance terms.
- Gap Insurance
- Optional auto coverage that pays the difference between what you owe on a loan or lease and the vehicle's actual cash value if the car is totaled or stolen.
- General Liability Insurance
- Coverage that pays for third-party bodily injury and property damage claims arising from your business operations, such as a customer injured at your premises.
- Grace Period
- A short window after a missed premium payment during which the policy stays in force. The length varies by policy type and state.
Auto
Business