Glossary of Terms

The Resource Center provides a glossary of insurance terms to help you understand the various insurance wordings that may appear in your quotes, cover notes & policies.

Download this guide to Understanding Health Insurance Terms

Health Insurance
Life Insurance
Property and Casualty

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

QUANTUM OF INTEREST

The insurable interest of a mortgagee in the insured property, up to the amount due under the mortgage.

QUOTE (QUOTATION)

An estimate of the cost of insurance, based on information supplied to the Insurance Company by the applicant.