eBill -
An
electronic version of your bill that you can review online.
Everyone who has registered to use GEICO's Policyholder
Service Center can choose to receive eBills.
Emergency Road Service Coverage -
Protection for problems that are not
typically handled by your auto insurance such as:
-
being
locked out of your car,
-
having
a dead battery re-charged,
-
inflating a flat tire, or
-
filling
an empty gas tank.
Endorsement -
Any
change made to the policy.
ePolicy -
GEICO's
electronic system that allows you to review your policy
documents online.
Estimate -
The
initial assessment of the cost to repair your damaged
property.
Exclusion -
Restriction in your insurance policy that denies coverage for
certain perils, persons, property, or locations.
Expiration Date -
This
date, found on your declarations page, indicates when your
policy coverage runs out. Your renewal policy will start on
this date.
Earned Premium - The amount of the premium that
as been paid for in advance that has been "earned"
by virtue of the fact that time has passed without claim. A
three-year policy that has been paid in advance and is one
year old would have only partly earned the premium.
Employers Liability Insurance -
Coverage against common law liability of an employer for
accidents to employees, as distinguished from liability
imposed by a workers' compensation law.
Encumbrance - A claim on
property, such as a mortgage, a lien for work and materials,
or a right of dower. The interest of the property owner is
reduced by the amount of the encumbrance.
Expense Ratio - The
ratio of underwriting expenses (including commissions) to net
premiums written. This ratio measures the company's
operational efficiency in underwriting its book of business.
Exposure - Measure
of vulnerability to loss, usually expressed in dollars or
units.
Earthquake Insurance - Covers
a building and its contents, but includes a large percentage
deductible on each. A special policy or endorsement exists
because earthquakes are not covered by standard homeowners or
most business policies.
Equity Indexed Annuity -
Non-traditional fixed annuity. The specified rate of interest
guarantees a fixed minimum rate of interest like traditional
fixed annuities. At the same time, additional interest may be
credited to policy values based upon positive changes, if any,
in an established index such as the S&P 500. The amount of
additional interest depends upon the particular design of the
policy. They are sold by licensed insurance agents and
regulated by state insurance departments.
Exclusive Remedy - Part of the social contract
that forms the basis for workers compensation statutes under
which employers are responsible for work-related injury and
disease, regardless of whether is was the employee’s
fault and in return the injured employee gives up the right to
sue when the employer’s negligence causes the harm.
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