Insurance Glossary

Showing 18 of 18 matching terms

Terms beginning with H

Hazard

Home insurance

A condition that increases the chance or severity of a loss, such as an unsafe roof or wiring.

Health insurance exchange

Health insurance

A federal or state marketplace where consumers can compare and enroll in eligible health coverage.

Also called: exchange, Marketplace

Health maintenance organization

Health insurance

A health plan type that commonly coordinates care through a network and may require referrals for some services.

Also called: HMO

Health reimbursement arrangement

Health insurance

An employer-funded arrangement that reimburses employees for eligible medical expenses and, in some designs, insurance premiums.

Also called: HRA

Health savings account

Health insurance

A tax-advantaged account eligible people can use for qualified medical expenses while enrolled in a qualifying health plan.

Also called: HSA

High-deductible health plan

Health insurance

A health plan that meets federal deductible and out-of-pocket requirements and may permit HSA contributions.

Also called: HDHP

High-risk driver

Auto insurance

A driver insurers may classify as having elevated expected loss risk because of driving record, prior claims, or other rating factors.

Hired and non-owned auto coverage

Business insurance

Liability coverage for eligible vehicles the business hires, leases, rents, or does not own but uses in its operations.

Hired auto liability

Business insurance

Business auto liability coverage for qualifying vehicles a business leases, hires, rents, or borrows.

Also called: hired auto coverage

HO-3 policy

Home insurance

A common homeowners policy form that generally provides open-perils coverage for the dwelling and named-perils coverage for personal property.

Also called: special form homeowners policy

HO-4 policy

Home insurance

A renters insurance policy form that may cover personal property, liability, and additional living expenses for covered losses.

Also called: renters form

HO-6 policy

Home insurance

A condominium unit-owner policy form covering specified unit property, belongings, liability, and other listed protections.

Also called: unit-owners form

Home health care

Health insurance

Health services delivered in a person’s home by qualified providers when covered and medically appropriate.

Also called: home health services

Home inventory

Home insurance

A documented list of household belongings, descriptions, and values used to support coverage choices and property claims.

Also called: personal property inventory

Homeowners insurance

Home insurance

Insurance that may protect a home, personal property, and liability for covered losses, subject to policy terms.

Also called: home insurance

Home sharing endorsement

Home insurance

An endorsement addressing certain coverage needs when a homeowner rents all or part of a home through a short-term rental arrangement.

Also called: short-term rental endorsement

Hospice care

Health insurance

Care focused on comfort and quality of life for people with a terminal illness, with support for patients and families.

Also called: hospice services

Hurricane deductible

Home insurance

A separate deductible, often expressed as a percentage of the insured dwelling amount, that may apply to qualifying hurricane losses.

Also called: hurricane percentage deductible