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GLOSSARY

Canadian Financial, Real Estate and Mortgage Glossary

Accident Insurance Terms

accident & sickness (A&S)Acronym (Health Insurance, Insurance)
  ➥  Insurance policy.
accident and indemnity (A&I)Acronym (Contract, Insurance)
  ➥  An insurance liability agreement.
accidental death & disablement (AD&D, ADD)Acronym (Disability Insurance, Insurance)
  ➥  A life insurance policy that offers payouts to policyholders and their dependents in the event of an accident causing death or serious impairment.
accidental death & dismemberment (AD&D, ADD)Definition (Disability Insurance, Insurance)
Insurance coverage for death or dismemberment (the loss of a body part).
  ➥  A life insurance policy.
accidental death and dismemberment insuranceDefinition (Insurance, Life Insurance) (Estate-management, Insurance)
Insurance coverage for death or dismemberment (the loss of a body part).
any one accident (AOA)Acronym (Medical Insurance, Liability Insurance)
automobile liability insuranceDefinition (Automotive, Insurance, Liability Insurance) (Automotive, Insurance)
Insurance coverage for damages caused in traffic collisions.
business travel accident insurance (BTAI)Acronym (Travel Insurance, Insurance)
casualty and collision (CASCO)Acronym (Automotive, Insurance)
collision insuranceDefinition (Automotive, Insurance) (Automotive, Insurance)
Auto insurance that provides coverage for damages to the policyholder's vehicle in the event that the policyholder is at fault in a traffic collision.
comprehensive insuranceDefinition (Automotive, Insurance) (Automotive, Insurance)
Auto insurance that covers damages not resulting from a collision, and for vehicle theft.
death & disability (D&D)Acronym (Disability Insurance, Insurance, Life Insurance)
  ➥  A life insurance policy rider.
disability insurance (DI)Definition (Disability Insurance, Insurance) (Insurance)
Insurance that covers individuals who develop a condition that hinders their ability to work.
disability insurance benefits (DIB)Acronym (Disability Insurance, Insurance)
driver's fatal accident policy (DFAP)Acronym (Automotive, Insurance)
Farm Credit Canada (FCC)Company, Canada
gap insuranceDefinition (Automotive, Insurance) (Automotive, Insurance)
A type of insurance offered to auto lease customers. This type of insurance covers the difference in value between a vehicle's book value and the amount remaining on a vehicles financing or lease, if such a difference exists.
high risk auto insuranceDefinition (Automotive, Insurance) (Automotive, Insurance)
Auto insurance for drivers with an increased risk of collisions.
long term disability insurance (LTDI)Acronym (Disability Insurance, Insurance)
non-industrial disability insurance (NDI)Acronym (Disability Insurance, Insurance)
permanent partial disability (PPD)Acronym (Insurance)
permanent total disability (PTD)Acronym (Disability Insurance, Insurance)
preferred autoDefinition (Automotive, Insurance) (Automotive, Insurance)
Auto insurance for those with better driving records.
private-passenger auto insurance policyholder risk profileDefinition (Automotive, Insurance) (Automotive, Insurance)
A system for sorting drivers by their driving records and how likely they are to cause a loss for an insurance company.
short term disability (STD)Acronym (Disability Insurance, Insurance)
An injury or illness that prevents a person from working for only a short time.
short-term disability insurance (STDI)Acronym (Disability Insurance, Insurance)
standard automotive insuranceDefinition (Automotive, Insurance) (Automotive, Insurance)
Auto insurance that covers those with average driving records.
temporary disability insurance (TDI)Acronym (Disability Insurance, Insurance)
temporary partial disability (TPD)Acronym
temporary total disability (TTD)Acronym (Insurance)
two year income for disability (2YID)Acronym (Disability Insurance, Insurance)
underinsured motorist coverageDefinition (Automotive, Insurance) (Automotive, Insurance)
Auto insurance that covers damages when the other driver in a collision is at fault but does not have sufficient insurance coverage.
uninsured motorist (UM)Definition (Automotive, Auto Insurance)
Auto insurance that covers collision damages caused by a driver without auto insurance.
  ➥  Insurance coverage.
voluntary accidental death and dismemberment (VADD)Acronym (Insurance, Life Insurance)
  ➥  A life insurance benefit that applies to an employee and their family.

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