Most of the definitions below are provided courtesy of the Insurance Institute of Canada. Definitions provided by the Insurance Bureau of Canada are indicated with an asterisk ("*").
The language of insurance can be confusing due to the complexity of the wordings. Below are some commonly used insurance terms and their meanings. Insurance professionals with whom you may come into contact should be prepared to explain these terms. If you don't understand, ask!
This information is for educational purposes only and should not be relied upon to form professional opinions on coverage issues.