☰ ˟
Logo facebook
  • Hogar
  • Obtener una cotización
    • AutomóvilImage of right arrow
      • Cotización de automóviles
    • PropietariosImage of right arrow
      • Cotización de propietarios de viviendas
    • VidaImage of right arrow
      • Cita de vida
    • Responsabilidad cibernéticaImage of right arrow
      • Formulario de cotización de responsabilidad cibernética
    • Negocios y ComercialImage of right arrow
      • Automóviles comerciales
      • Responsabilidad civil general
      • Dueños de Negocios (BOP)
      • Riesgo de los constructores
      • Compensación de Trabajadores
  • Productos
    • AutomóvilImage of right arrow
      • Cobertura Integral
      • Cobertura de colisión
    • Propietarios
    • Negocios y ComercialImage of right arrow
      • Póliza para Dueños de Negocios (BOP)
      • Automóviles comerciales
    • Vida
    • Responsabilidad cibernética
    • Viviendas de alto valor
    • Seguro de Franquicia
  • Servicio al cliente
    • AutomóvilImage of right arrow
      • Solicitar tarjeta de identificación para póliza de automóvil
      • Agregar vehículo a la póliza de automóvil existente
      • Eliminar el vehículo de la póliza de automóvil existente
      • Agregar conductor a la póliza de automóvil existente
      • Eliminar el conductor de la póliza de automóvil existente
    • Negocios y ComercialImage of right arrow
      • Solicitar tarjeta de identificación para póliza de automóvil comercial
      • Agregar vehículo a la póliza de auto comercial existente
      • Eliminar el vehículo de la póliza de automóvil comercial existente
      • Agregar conductor a la póliza de auto comercial existente
      • Eliminar al conductor de la póliza de automóvil comercial existente
      • Solicitar Certificado de Seguro
    • PropietariosImage of right arrow
      • Solicitar Declaración y Coberturas para la Cobertura de Seguro de Vivienda Existente
      • Solicitar Evidencia de Seguro
      • Cambiar de compañía hipotecaria
      • Agregar Segundo Acreedor Hipotecario
      • Eliminar compañía hipotecaria
  • Portal del cliente
  • Blog
  • Realizar un pago
  • Recursos
    • Denunciar una reclamación
    • Recomiende a un amigo
    • Enlaces importantes
    • Glosario de Seguros
  • Sobre nosotros
    • Acerca de Waymon Lynch & Associates
    • Nuestras Sedes
    • Testimonios de clientes
    • Política de privacidad
  • Contacto
Auto Icon Home Icon Business Icon Life Icon Health Icon Boat Icon
Home > Es-Us > Glossary > W

Insurance Glossary

Insurance terms and definitions from Waymon Lynch & Associates.


Coverages and benefits listed below may not be available in your state. If available, some optional coverages and benefits might be offered at an additional charge. Contact Waymon Lynch & Associates today to learn more.
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
WAIVER
The surrender of a right or privilege. In life insurance, a provision that sets certain conditions, such as disablement, which allow coverage to remain in force without payment of premiums.

WAR RISK
Special coverage on cargo in overseas ships against the risk of being confiscated by a government in wartime. It is excluded from standard ocean marine insurance and can be purchased separately. It often excludes cargo awaiting shipment on a wharf or on ships after 15 days of arrival in port.

WATER-DAMAGE INSURANCE COVERAGE
Protection provided in most homeowners insurance policies against sudden and accidental water damage, from burst pipes for example. Does not cover damage from problems resulting from a lack of proper maintenance such as dripping air conditioners. Water damage from floods is covered under separate flood insurance policies issued by the federal government.

WEATHER DERIVATIVE
An insurance or securities product used as a hedge by energy-related businesses and others whose sales tend to fluctuate depending on the weather.

WEATHER INSURANCE
A type of business interruption insurance that compensates for financial losses caused by adverse weather conditions, such as constant rain on the day scheduled for a major outdoor concert.

WHOLE LIFE
Insurance which provides coverage for an individual's whole life, rather than a specified term. The oldest kind of cash value life insurance that combines protection against premature death with a savings account. Premiums are fixed and guaranteed and remain level throughout the policy’s lifetime.

WORKERS COMPENSATION
Insurance that pays for medical care and physical rehabilitation of injured workers and helps to replace lost wages while they are unable to work. State laws, which vary significantly, govern the amount of benefits paid and other compensation provisions.

WRAP-UP INSURANCE
Broad policy coordinated to cover liability exposures for a large group of businesses that have something in common. Might be used to insure all businesses working on a large construction project, such as an apartment complex.

WRITE
To insure, underwrite, or accept an application for insurance.


NOTICE: These glossary definitions provide a brief description of the terms and phrases used within the insurance industry. These definitions are not applicable in all states or for all insurance and financial products. This is not an insurance contract. Other terms, conditions and exclusions apply. Please read your official policy for full details about coverages. These definitions do not alter or modify the terms of any insurance contract. If there is any conflict between these definitions and the provisions of the applicable insurance policy, the terms of the policy control. Additionally, this informational resource is not intended to fully set out your rights and obligations or the rights and obligations of the insurance company, agent or agency. If you have questions about your insurance, you should contact your insurance agent, the insurance company, or the language of the insurance policy.

Insurance Websites Designed and Hosted by Insurance Website Builder
Glossary content provided by Insurance Information Institute and ITC

We Are hands on
Let's Talk

facebook

Resources

  • Products
  • Customer Service
  • Payment Options
  • Report a Claim
  • About Us
  • Refer A Friend
  • Our Carriers
  • Blog
  • Contact Us

The Lynch Agency is licensed in MD, DC, VA, DE, PA, NJ, CT, RI, OH, IN, WI, IL, TN, KY, OR, WA, AL, GA, SC, FL, & NC.

Contact Us

4424 Longfellow St.
Hyattsville, MD 20781

Ph: (301) 927-6070

3016 14th St. NW
Washington, DC 20009

Ph: (202) 462-9243

278 B Bullsboro Dr
Newnan, GA 30263

Ph: (678) 423-9696
sales@thelynchagency.com

Office Hours

Monday-Friday
9am-6pm



© Copyright. All rights reserved. | Powered by Insurance Website Builder