Warrenton |  Wentzville ☰ ˟
Logo
Warrenton: 636-456-4343 Wentzville: 636-332-3400
  • Languages
  • Home
  • Products
    • Auto Liability Coverage - Warrenton MO & Wentzville MO - Tri-County Agency
    • Comprehensive Auto Coverage - Warrenton MO & Wentzville MO - Tri-County Agency
    • Auto Collision Coverage - Warrenton MO & Wentzville MO - Tri-County Agency
    • Uninsured/Underinsured Motorist Coverage - Warrenton MO & Wentzville MO - Tri-County Agency
    • Diminishing/Vanishing Deductible - Warrenton MO & Wentzville MO - Tri-County Agency
    • Accident Forgiveness - Warrenton MO & Wentzville MO - Tri-County Agency
    • Minor Violation Forgiveness - Warrenton MO & Wentzville MO - Tri-County Agency
    • Roadside Assistance - Warrenton MO & Wentzville MO - Tri-County Agency
    • Specialty Auto Insurance - Warrenton MO & Wentzville MO - Tri-County Agency
    • 24-Hour Customer Service - Warrenton MO & Wentzville MO - Tri-County Agency
    • Towing Services & Coverage - Warrenton MO & Wentzville MO - Tri-County Agency
    • Rental Reimbursement - Warrenton MO & Wentzville MO - Tri-County Agency
    • Personal Injury Protection (PIP) - Warrenton MO & Wentzville MO - Tri-County Agency
    • Mexican Auto Insurance - Warrenton MO & Wentzville MO - Tri-County Agency
    • Medical Payments Coverage - Warrenton MO & Wentzville MO - Tri-County Agency
    • Property Insurance - Warrenton MO & Wentzville MO - Tri-County Agency
    • Homeowners Liability - Warrenton MO & Wentzville MO - Tri-County Agency
    • Renters Insurance - Warrenton MO & Wentzville MO - Tri-County Agency
    • Condo Insurance - Warrenton MO & Wentzville MO - Tri-County Agency
    • Mobile Home Insurance - Warrenton MO & Wentzville MO - Tri-County Agency
    • Scheduled Property Insurance - Warrenton MO & Wentzville MO - Tri-County Agency
    • Landlords Insurance - Warrenton MO & Wentzville MO - Tri-County Agency
    • In-Home Business Insurance - Warrenton MO & Wentzville MO - Tri-County Agency
    • Identity Theft Insurance - Warrenton MO & Wentzville MO - Tri-County Agency
    • Personal Umbrella Insurance - Warrenton MO & Wentzville MO - Tri-County Agency
    • Individual Life Insurance - Warrenton MO & Wentzville MO - Tri-County Agency
    • Group Life Insurance - Warrenton MO & Wentzville MO - Tri-County Agency
    • Long-Term Care Insurance - Warrenton MO & Wentzville MO - Tri-County Agency
    • Mortgage Protection Insurance - Warrenton MO & Wentzville MO - Tri-County Agency
    • Disability Income Insurance - Warrenton MO & Wentzville MO - Tri-County Agency
    • Second-to-Die Policy - Warrenton MO & Wentzville MO - Tri-County Agency
    • Key Person (Key Men) Insurance - Warrenton MO & Wentzville MO - Tri-County Agency
    • Individual & Family Health Insurance - Warrenton MO & Wentzville MO - Tri-County Agency
    • Group Health Insurance - Warrenton MO & Wentzville MO - Tri-County Agency
    • Dental Coverage - Warrenton MO & Wentzville MO - Tri-County Agency
    • Vision Coverage - Warrenton MO & Wentzville MO - Tri-County Agency
    • Long-Term Care Insurance - Warrenton MO & Wentzville MO - Tri-County Agency
    • Temporary Health Insurance - Warrenton MO & Wentzville MO - Tri-County Agency
    • Supplemental Insurance - Warrenton MO & Wentzville MO - Tri-County Agency
    • Disability Income Insurance - Warrenton MO & Wentzville MO - Tri-County Agency
    • Medical Expenses Protection - Warrenton MO & Wentzville MO - Tri-County Agency
    • Child Health Insurance - Warrenton MO & Wentzville MO - Tri-County Agency
    • Travel Health Insurance - Warrenton MO & Wentzville MO - Tri-County Agency
    • Prescription Insurance - Warrenton MO & Wentzville MO - Tri-County Agency
    • Health Savings Accounts (HSAs) - Warrenton MO & Wentzville MO - Tri-County Agency
    • Boat/Watercraft Insurance - Warrenton MO & Wentzville MO - Tri-County Agency
    • Motorcycle Insurance - Warrenton MO & Wentzville MO - Tri-County Agency
    • Motorhome Insurance - Warrenton MO & Wentzville MO - Tri-County Agency
    • ATV Insurance - Warrenton MO & Wentzville MO - Tri-County Agency
    • Snowmobile Insurance - Warrenton MO & Wentzville MO - Tri-County Agency
    • Special Event & Wedding Insurance - Warrenton MO & Wentzville MO - Tri-County Agency
    • Other Services - Warrenton MO & Wentzville MO - Tri-County Agency
    • Accounting Firm Insurance - Warrenton MO & Wentzville MO - Tri-County Agency
    • Alarm Contractors Insurance - Warrenton MO & Wentzville MO - Tri-County Agency
    • Insurance for Arborists - Warrenton MO & Wentzville MO - Tri-County Agency
    • Construction Insurance - Warrenton MO & Wentzville MO - Tri-County Agency
    • Consulting Firm Insurance - Warrenton MO & Wentzville MO - Tri-County Agency
    • Specialty Trade Contractors Insurance - Warrenton MO & Wentzville MO - Tri-County Agency
    • Craft Brewery Insurance - Warrenton MO & Wentzville MO - Tri-County Agency
    • Healthcare Facility Insurance - Warrenton MO & Wentzville MO - Tri-County Agency
    • Healthcare Practice Insurance - Warrenton MO & Wentzville MO - Tri-County Agency
    • Law Firm Insurance - Warrenton MO & Wentzville MO - Tri-County Agency
    • Life Science Insurance - Warrenton MO & Wentzville MO - Tri-County Agency
    • Limousine Services Insurance - Warrenton MO & Wentzville MO - Tri-County Agency
    • Livestock Insurance - Warrenton MO & Wentzville MO - Tri-County Agency
    • Maintenance Contractors Insurance - Warrenton MO & Wentzville MO - Tri-County Agency
    • Manufacturing Insurance - Warrenton MO & Wentzville MO - Tri-County Agency
    • Media & Advertising Insurance - Warrenton MO & Wentzville MO - Tri-County Agency
    • Orthotics & Prosthetics Insurance - Warrenton MO & Wentzville MO - Tri-County Agency
    • Pool & Spa Insurance - Warrenton MO & Wentzville MO - Tri-County Agency
    • Printers & Publishers Insurance - Warrenton MO & Wentzville MO - Tri-County Agency
    • Railroad Contractors Insurance - Warrenton MO & Wentzville MO - Tri-County Agency
    • Real Estate Businesses Insurance - Warrenton MO & Wentzville MO - Tri-County Agency
    • Retail Insurance - Warrenton MO & Wentzville MO - Tri-County Agency
    • School Bus Contractors Insurance - Warrenton MO & Wentzville MO - Tri-County Agency
    • Scrap Metal Insurance - Warrenton MO & Wentzville MO - Tri-County Agency
    • Security Guards Insurance - Warrenton MO & Wentzville MO - Tri-County Agency
    • Self-Storage Insurance - Warrenton MO & Wentzville MO - Tri-County Agency
    • Septic Contractors Insurance - Warrenton MO & Wentzville MO - Tri-County Agency
    • Specialized Truck Equipment Insurance - Warrenton MO & Wentzville MO - Tri-County Agency
    • Technology Services Insurance - Warrenton MO & Wentzville MO - Tri-County Agency
    • Tow Trucks Insurance - Warrenton MO & Wentzville MO - Tri-County Agency
    • Water Well Drillers Insurance - Warrenton MO & Wentzville MO - Tri-County Agency
    • Surety & Fidelity Bonds - Warrenton MO & Wentzville MO - Tri-County Agency
    • Business Owners Policy (BOP) - Warrenton MO & Wentzville MO - Tri-County Agency
    • Commercial Auto Insurance - Warrenton MO & Wentzville MO - Tri-County Agency
    • Commercial General Liability - Warrenton MO & Wentzville MO - Tri-County Agency
    • Commercial Property Insurance - Warrenton MO & Wentzville MO - Tri-County Agency
    • Commercial Umbrella Insurance - Warrenton MO & Wentzville MO - Tri-County Agency
    • Crime Insurance - Warrenton MO & Wentzville MO - Tri-County Agency
    • Fidelity Bonds - Warrenton MO & Wentzville MO - Tri-County Agency
    • Loss Control Insurance - Warrenton MO & Wentzville MO - Tri-County Agency
    • Inland Marine Insurance - Warrenton MO & Wentzville MO - Tri-County Agency
    • Marine Insurance - Warrenton MO & Wentzville MO - Tri-County Agency
    • Professional Liability Coverage - Warrenton MO & Wentzville MO - Tri-County Agency
    • Surety Bonds - Warrenton MO & Wentzville MO - Tri-County Agency
    • Workers Compensation - Warrenton MO & Wentzville MO - Tri-County Agency
    • Group Benefits - Warrenton MO & Wentzville MO - Tri-County Agency
    • Group Disability Insurance - Warrenton MO & Wentzville MO - Tri-County Agency
    • Voluntary Benefits - Warrenton MO & Wentzville MO - Tri-County Agency
    • Group Health Insurance - Warrenton MO & Wentzville MO - Tri-County Agency
    • Disability Insurance - Warrenton MO & Wentzville MO - Tri-County Agency
    • Individual Life Insurance - Warrenton MO & Wentzville MO - Tri-County Agency
    • Farm Owners Insurance - Warrenton MO & Wentzville MO - Tri-County Agency
    • Farm Livestock Insurance - Warrenton MO & Wentzville MO - Tri-County Agency
    • Equine Insurance - Warrenton MO & Wentzville MO - Tri-County Agency
    • Farm Equipment Insurance - Warrenton MO & Wentzville MO - Tri-County Agency
    • Farm Dwelling Insurance - Warrenton MO & Wentzville MO - Tri-County Agency
    • Farm Structures Insurance - Warrenton MO & Wentzville MO - Tri-County Agency
    • Farm Auto Insurance - Warrenton MO & Wentzville MO - Tri-County Agency
    • Farm Umbrella Insurance - Warrenton MO & Wentzville MO - Tri-County Agency
    • Farm Liability Insurance - Warrenton MO & Wentzville MO - Tri-County Agency
  • Quotes
    • Auto Insurance Quote
    • Homeowners Insurance Quote
    • Commercial Auto Insurance Quote
    • General Liability Quote Form
    • Business Owners (BOP) Quote Form
    • Health Insurance Quote
    • Farm Quote Request
    • Recreational Vehicle Insurance Quote
    • Life Insurance Quote
    • Personal Insurance
  • Resources
    • Refer a Friend
    • Important Links
    • Insurance Glossary
  • Blog
  • About us
    • About Us
    • Employee Directory
    • Location Map
    • Privacy Policy
  • Contact
Auto Icon

Auto

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

Learn More
Homeowners Icon

Homeowners

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
Recretional Vehicles Icon

Recretional Vehicles

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

Learn More
Life & Health Icon

Life & Health

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

Learn More
Home > Glossary > B

Insurance Glossary

Insurance terms and definitions from Tri County 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 Tri County 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
B-SHARE VARIABLE ANNUITY
A form of variable annuity contract with no initial sales charge but if the contract is cancelled the holder pays deferred sales charges (usually from 5 to 7 percent the first year, declining to zero after from 5 to 7 years). The most common form of annuity contract.

BALANCE SHEET
Provides a snapshot of a company’s financial condition at one point in time. It shows assets, including investments and reinsurance, and liabilities, such as loss reserves to pay claims in the future, as of a certain date. It also states a company’s equity, known as policyholder surplus. Changes in that surplus are one indicator of an insurer’s financial standing.

BANK HOLDING COMPANY
A company that owns or controls one or more banks. The Federal Reserve has responsibility for regulating and supervising bank holding company activities, such as approving acquisitions and mergers and inspecting the operations of such companies. This authority applies even though a bank owned by a holding company may be under the primary supervision of the Comptroller of the Currency or the FDIC.

BASIS POINT
0.01 percent of the yield of a mortgage, bond or note. The smallest measure used.

BEACH AND WINDSTORM PLANS
State-sponsored insurance pools that sell property coverage for the peril of windstorm to people unable to buy it in the voluntary market because of their high exposure to risk. Seven states (AL, FL, LA, MS, NC, SC, TX) offer these plans to cover residential and commercial properties against hurricanes and other windstorms. Georgia and New York provide this kind of coverage for windstorm and hail in certain coastal communities through other property pools. Insurance companies that sell property insurance in the state are required to participate in these plans. Insurers share in profits and losses

BINDER
Temporary authorization of coverage issued prior to the actual insurance policy.

BLANKET INSURANCE
Coverage for more than one type of property at one location or one type of property at more than one location. Example: chain stores.

BODILY INJURY LIABILITY COVERAGE
Portion of an auto insurance policy that covers injuries the policyholder causes to someone else.

BOILER AND MACHINERY INSURANCE
Often called Equipment Breakdown, or Systems Breakdown insurance. Commercial insurance that covers damage caused by the malfunction or breakdown of boilers, and a vast array of other equipment including air conditioners, heating, electrical, telephone, and computer systems.

BOND
A security that obligates the issuer to pay interest at specified intervals and to repay the principal amount of the loan at maturity. In insurance, a form of suretyship. Bonds of various types guarantee a payment or a reimbursement for financial losses resulting from dishonesty, failure to perform and other acts.

BOND RATING
An evaluation of a bond’s financial strength, conducted by such major ratings agencies as Standard & Poor’s and Moody’s Investors Service.

BOOK OF BUSINESS
Total amount of insurance on an insurer's books at a particular point in time.

BROKER
An intermediary between a customer and an insurance company. Brokers typically search the market for coverage appropriate to their clients. They work on commission and usually sell commercial, not personal, insurance. In life insurance, agents must be licensed as securities brokers/dealers to sell variable annuities, which are similar to stock market-based investments.

BURGLARY AND THEFT INSURANCE
Insurance for the loss of property due to burglary, robbery or larceny. It is provided in a standard homeowners policy and in a business multiple peril policy.

BUSINESS INCOME INSURANCE (also known as BUSINESS INTERRUPTION INSURANCE)
Commercial coverage that reimburses a business owner for lost profits and continuing fixed expenses during the time that a business must stay closed while the premises are being restored because of physical damage from a covered peril, such as a fire. Business interruption insurance also may cover financial losses that may occur if civil authorities limit access to an area after a disaster and their actions prevent customers from reaching the business premises. Depending on the policy, civil authorities coverage may start after a waiting period and last for two or more weeks.

BUSINESSOWNERS POLICY / BOP
A policy that combines property, liability and business interruption coverages for small- to medium-sized businesses. Coverage is generally cheaper than if purchased through separate insurance policies


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!
636-456-4343 Warrenton
636-332-3400 Wentzville

Social Social Social Social

Resources

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

Contact Us

404 East Main St.
Warrenton, MO 63383

Main Office: 636-456-4343 | Toll Free: 800-748-7679 | Fax: 636-456-7942
© Copyright. All rights reserved. | Powered by Insurance Website Builder