Insurance Glossary
 

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• Hail Insurance:
  Form of insurance that protects 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:
  An 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) or individuals 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.

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