As you experience changing events in your life or take on greater responsibilities, you may find yourself needing different kinds of insurance such as health, home, automobile, and life insurance. Navigating which insurance policy to select can be difficult, especially if there are insurance terms you don’t understand. Don’t worry, you’re not alone. Only 4% of Americans understand important insurance terms.
At Boyd Insurance & Investments, we realize that insurance is not always exciting to learn, but its terminology doesn’t have to be confusing. In fact, having a basic understanding of insurance definitions can make the difference between having the proper coverage in place and one that leaves you paying thousands of dollars out of pocket. Our aim at Boyd is to make Insurance & Investments approachable and accessible for everyone in our community.
To help you get started, we’ve compiled and defined a list of basic insurance terms to make shopping for a policy easier and to better understand your coverage needs.