
Earned Premium: The amount of premium that has been used for certain periods of time
Effective Date: The date on which an insurance binder or policy goes into effect
Endorsement: A document attached to an insurance policy that changes the original policy provisions
Equipment Floater: A property insurance coverage for equipment that is often moved from place to place
Estimated Premium: A preliminary premium amount that could be adjusted based on a variance in exposures
Excess Liability Policy: A policy that provides additional limits in excess of an underlying liability policy
Exclusion: A circumstance or peril that is not covered by the policy
Expiration: The ending date of an insurance policy
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