prepaid insurance

Definition

Payment made in advance in return for insurance services that are to be rendered over a specified period of time. A person or entity who purchases prepaid insurance is called a policy holder. They are liable for any deductibles should an insurance claim be filed. This is accounted for as a short-term asset or a prepaid expense on company books.

Reproduction of all or part of this glossary and/or this page, in any format, without written consent is prohibited. If you have questions about this dictionary please feel free to contact us feedback\@\investorguide.com

Popular 'Insurance' Terms

escrow
annuity
OASDI
risk
comprehensive insurance

insurance
contingent beneficiary
coinsurance
insurance policy
insurance premium

prepaid insurance in the news

Tools

prepaid insurance is ...

... part of the Insurance subject.

Nearby Terms

premium over conversion value
premium raid
pre-money valuation
prepackaged bankruptcy
prepaid expense
prepaid insurance
prepaid interest
prepayment
prepayment penalty
prepayment privilege
prepayment risk

Search volume for prepaid insurance

Review the unprecedented moves the Fed & Treasury took to bring the financial markets back from the precipice