Call Us 732-203-1200 ☰ ˟
Colonial Insurance Agency
Call Us: 732-203-1200
  • Home
  • Get A Quote
    • Business & CommercialImage of right arrow
      • General Liability Quote Form
      • Business Owners (BOP) Quote Form
      • Workers Compensation Quote
    • Health
    • Homeowners
    • Life
    • Pharmacist Insurance
  • Customer Service
    • Homeowners
  • Resources
    • Refer a Friend
    • Important Links
    • Insurance Glossary
    • Frequently Asked Questions
  • About Us
    • About Colonial Insurance Mgmt Inc
    • Location Map
    • Employee Directory
    • Privacy Policy
  • Contact
    • Contact Us
Contractors Icon

Contractors

We browse through a wide variety of coverages and find the right one for you.

Learn More
Workers Comp Icon

Workers Compensation

We browse through a wide variety of coverages and find the right one for you.

Learn More
Pharmacy Icon

Pharmacy

We browse through a wide variety of coverages and find the right one for you.

Learn More
Business Icon

Business

We browse through a wide variety of coverages and find the right one for you.

Learn More
Home Icon

Home

We browse through a wide variety of coverages and find the right one for you.

Learn More
Home > Glossary > K

Insurance Glossary

Insurance terms and definitions from Colonial Insurance Mgmt Inc.


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 Colonial Insurance Mgmt Inc 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
KEY PERSON INSURANCE
Insurance on the life or health of a key individual whose services are essential to the continuing success of a business and whose death or disability could cause the firm a substantial financial loss.

KIDNAP/RANSOM INSURANCE
Coverage up to specific limits for the cost of ransom or extortion payments and related expenses. Often bought by international corporations to cover employees. Most policies have large deductibles and may exclude certain geographic areas. Some policies require that the policyholder not reveal the coverage’s existence.


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

Contact Us Today!
732-203-1200

Resources

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

Contact Us

65 main street
PO Box 1
Keyport, NJ 07735

Ph: 732-203-1200
Fx: 732-203-1250
© Copyright. All rights reserved. | Powered by Insurance Website Builder