Rick Debe Insurance Agency - DBI Insurance Services
(262) 363-8650
Office Hours: M - Th 8:30 - 5:30 Friday 8:30 - 3:00

We've listed all the relevant insurance terminology we could think of...and then some!  If you don't find what you're looking for, just send us an email with your question and we'll get right back to you with the answer!


A    B   C   D   E   F    G   H      J   K   L   M   N   O   P     Q   R     T    U   V   W   X     Y     Z     4     5 



Term insurance

Life insurance under which the benefit is payable only if the insured dies during a specified period. If an insured dies during that period, the beneficiary receives the death payments. If the insured survives, the policy ends and the beneficiary receives nothing.

Territorial Rating

A method of classifying risks by geographic location to set a fair price for coverage. Where the insured is located may have a considerable impact on the cost of losses.

Terrorism Coverage

Included as a part of the package in standard commercial insurance policies before September 11, 2001 virtually free of charge.


The taking or removing of property with intent to deprive the rightful owner. It includes such crimes as robbery, burglary, and larceny.

Third-Party Coverage

Liability coverage purchased by the policyholder as a protection against possible lawsuits filed by a third party. The insured and the insurer are the first and second parties to the insurance contract.

Title Insurance 

Coverage for losses if a land title is not free and clear of defects that were unknown when the title insurance was written. Title insurance protects a purchaser if there is a defect in the title, such as lien against that property that is not discovered at the time of purchase.

Back to Top


A legal term denoting a wrongful act resulting in injury or damage on which a civil court action, or legal proceeding, may be based.

Tort Law

The body of law governing negligence, intentional interference, and other wrongful acts for which civil action can be brought, except for breach of contract, which is covered by contract law.

Tort Reform

Refers to legislation designed to reduce liability costs through limits on various kinds of damages and through modification of liability rules.

Total Loss

The condition of an automobile or other property when damage is so extensive that repair costs would exceed the value of the vehicle or property.

Travelers Insurance

Insurance to cover problems associated with traveling, generally including trip cancellation due to illness, lost luggage and other incidents.

Treaty Reinsurance

It is a standing agreement between insurers and reinsurers and when under this treaty each party automatically accepts specific percentages of the insurer’s business.

Back to Top