☰ ˟
Lone Star Insurance Agency
Get More Information Cleburne (817) 641-3676 | Burleson (817) 426-2886
  • Home
  • Business & Commercial
    • Business & CommercialImage of right arrow
      • Bond Quote Online
      • Business Owners Policy (BOP) Quote Online
      • Commercial Auto Quote Online
    • Workers Compensation InsuranceImage of right arrow
      • Workers Compensation Quote Online
    • Contractors Insurance
  • Personal
    • Auto InsuranceImage of right arrow
      • Auto Quote Online
      • Auto Insurance - RESHOP Quote Online
    • Classic Car InsuranceImage of right arrow
      • Classic Car Quote Online
    • Homeowners InsuranceImage of right arrow
      • Homeowners Quote Online
      • Homeowners Insurance - RESHOP Quote Online
      • Homeowner Flood Quote Online
    • Dwelling Fire Quote Online
    • FloodImage of right arrow
      • Flood Quote Online
    • Landlord Insurance
    • LifeImage of right arrow
      • Term Life Quote Online
    • Manufactured Home Quote Online
    • Mobile Home Quote Online
    • MotorcycleImage of right arrow
      • Motorcycle Insurance Quote
    • Recreational VehicleImage of right arrow
      • Recreational Vehicle Insurance Quote
    • RentersImage of right arrow
      • Renters Insurance Quote
    • UmbrellaImage of right arrow
      • Umbrella Policy Quote
    • Watercraft & BoatImage of right arrow
      • Watercraft Insurance Quote
  • Customer Service
    • Client CenterImage of right arrow
      • Client Update Form
      • When To Contact Us
    • Payment Center
    • Claim InformationImage of right arrow
      • File A Claim
    • Companies We Insure With
  • Blog & General Info
    • Blog
    • Helpful Texas Dept Insurance Links
    • Myths About Buying Insurance
    • Industry Pro Tips & Reports
    • Insurance Glossary
    • Privacy Policy
    • Web Site Disclaimer
  • Our Agency
    • About UsImage of right arrow
      • Our Locations
      • Employee Directory
      • Dave Ramsey ELP
      • Nine Reasons To Do Business With Us
      • Love Your Agent Guarantee
      • Captive vs. Independent
      • Agency Comparison
    • Referral Reward ProgramImage of right arrow
      • Refer a Friend
    • TestimonialsImage of right arrow
      • Submit a Testimonial
  • Contact Us
    • Contact Us
    • Our Locations
    • Follow Us on LinkedIn
    • Follow Us on Facebook
    • Follow Us on Instagram
    • Follow Us on Twitter
  • Areas We Serve
    • Insurance - Cleburne, Texas
    • Insurance - Burleson, Texas
    • Insurance - Granbury, Texas
    • Insurance - Glen Rose, Texas
Logo
Insuring your Future today
Cleburne (817) 641-3676 | Burleson (817) 426-2886
Business Auto Classic Car Homeowners Life
Home > Glossary > U

Insurance Glossary

Insurance terms and definitions from Lone Star Insurance Agency.


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 Lone Star Insurance Agency 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
UMBRELLA POLICY
Coverage for losses above the limit of an underlying policy or policies such as homeowners and auto insurance. While it applies to losses over the dollar amount in the underlying policies, terms of coverage are sometimes broader than those of underlying policies.

UNBUNDLED CONTRACTS
A form of annuity contract that gives purchasers the freedom to choose among certain optional features in their contract.

UNDERINSURANCE
The result of the policyholder’s failure to buy sufficient insurance. An underinsured policyholder may only receive part of the cost of replacing or repairing damaged items covered in the policy.

UNDERWRITING
Examining, accepting, or rejecting insurance risks and classifying the ones that are accepted, in order to charge appropriate premiums for them.

UNDERWRITING INCOME
The insurer’s profit on the insurance sale after all expenses and losses have been paid. When premiums aren’t sufficient to cover claims and expenses, the result is an underwriting loss. Underwriting losses are typically offset by investment income.

UNEARNED PREMIUM
The portion of a premium already received by the insurer under which protection has not yet been provided. The entire premium is not earned until the policy period expires, even though premiums are typically paid in advance.

UNINSURABLE RISK
Risks for which it is difficult for someone to get insurance.

UNINSURED MOTORISTS COVERAGE
Portion of an auto insurance policy that protects a policyholder from uninsured and hit-and-run drivers.


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

Connect with us

Social Social Social Social Social
google review

Burleson Location

240 NW Newton Drive
Burleson, TX 76028

Phone: (817) 426-2886
Fax: (817) 426-2887
google review

Cleburne Location

1200 W. Henderson Street Suite A
Cleburne, TX 76033

Phone: (817) 641-3676
Fax: (817) 426-2887

Fill out the form below to get started with an insurance quote

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