☰ ˟
Find the location nearest you / Contact Us
Logo
  • Home
  • About Us
    • About Us
    • Remembering Gary Hindman
    • Bush Insurance Agency
    • Russell Menegigian Insurance Agency
  • Personal
    • Auto and Homeowners Insurance
    • Automobile
    • Condominium
    • High Value Home Insurance
    • Homeowners
    • Jewelry Insurance
    • Life
    • Mobile Home Insurance
    • Motorcycle
    • Off-Road Vehicles Insurance
    • Personal Umbrella Insurance
    • Pet Insurance
    • Renters
    • Toy Vehicles
    • Watercraft & Boat
  • Business
    • Bonds
    • Commercial Auto Insurance
    • Commercial Bond Insurance
    • Commercial Property Insurance
    • Commercial Umbrella Insurance
    • Cyber Liability Insurance
    • D & O Insurance
    • Errors & Omissions
    • Farm
    • Flood
    • General Liability Insurance
    • Professional Liability Insurance
    • Special Events Insurance
    • Surety Bond
    • Workers Compensation
  • Industries
    • Apartment Owners Insurance
    • Church
    • Condo Association Insurance
    • Contractors Insurance
    • Daycare
    • Errors & Omissions
    • Hemp and CBD Insurance
    • Hotel
    • Limousine
    • Liquor Based Business
    • Malpractice
    • Non Profit Insurance
    • Real Estate Insurance
    • Rental Property Insurance
    • Restaurant, Bar, & Tavern Insurance
    • Trucking
  • Get a Quote
    • Annuity Quote Form
    • Auto Insurance Quote
    • Builders Risk
    • Business Owners (BOP) Quote Form
    • Commercial Auto Insurance Quote
    • Farm Quote Request
    • General Liability Quote Form
    • Hemp & CBD Insurance Quote
    • Homeowner Flood Quote Form
    • Homeowners Insurance Quote
    • Life Insurance Quote
    • Manufactured Home Quote
    • Term Life Insurance Quote
    • Workers Compensation Quote
  • Locations
    • Location(s)
    • Employee Directory
  • Resources
    • Carrier Contact
    • File a Claim
    • Helpful Info
    • Insurance Glossary
    • Make a Payment
  • Blog

What type of coverage do you need?
Home > Glossary > N

Insurance Glossary

Insurance terms and definitions from Essigmann & Associates 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 Essigmann & Associates 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
NAMED PERIL
Peril specifically mentioned as covered in an insurance policy.

NATIONAL FLOOD INSURANCE PROGRAM
Federal government-sponsored program under which flood insurance is sold to homeowners and businesses.

NO-FAULT
Auto insurance coverage that pays for each driver’s own injuries, regardless of who caused the accident. No-fault varies from state to state. It also refers to an auto liability insurance system that restricts lawsuits to serious cases. Such policies are designed to promote faster reimbursement and to reduce litigation. This coverage is not available in all states, check with us to find out more.

NO-FAULT MEDICAL
A type of accident coverage in homeowners policies.

NO-PAY, NO-PLAY
The idea that people who don’t buy coverage should not receive benefits. Prohibits uninsured drivers from collecting damages from insured drivers. In most states with this law, uninsured drivers may not sue for noneconomic damages such as pain and suffering. In other states, uninsured drivers are required to pay the equivalent of a large deductible ($10,000) before they can sue for property damages and another large deductible before they can sue for bodily harm.

NON-ADMITTED ASSETS
Assets that are not included on the balance sheet of an insurance company, including furniture, fixtures, past-due accounts receivable, and agents’ debt balances

NON-ADMITTED INSURER
Insurers licensed in some states, but not others. States where an insurer is not licensed call that insurer non-admitted. They sell coverage that is unavailable from licensed insurers within the state.

NOTICE OF LOSS
A written notice required by insurance companies immediately after an accident or other loss. Part of the standard provisions defining a policyholder's responsibilities after a loss.

NUCLEAR INSURANCE
Covers operators of nuclear reactors and other facilities for liability and property damage in the case of a nuclear accident and involves both private insurers and the federal government.

NURSING HOME INSURANCE
A form of long-term care policy that covers a policyholder’s stay in a nursing facility.


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

Our Customer Feedback

Read More

Our latest blogs

  • Carrier
  • Carrier
  • Carrier
  • Carrier
  • Carrier
  • Carrier
  • Carrier
  • Carrier
  • Carrier
  • Carrier
  • Carrier
  • Carrier
  • Carrier
  • Carrier
  • Carrier
  • Carrier
  • Carrier
Essigmann & Associates Inc.
Powder Springs: 770-634-7464 Cedartown: 770-748-8877 Calhoun 706-602-2889  Lawrenceville: 770-325-3737
Serving Powder Springs, Cedartown, Calhoun, Rockmart, Marietta, Rome, Douglasville, Dallas, Acworth, Austell, Atlanta, Cave Springs, Cartersville, Resaca, Ranger, Fairmount, Rydal, White, Oakman, Chatsworth, Sugar Valley, Dalton, Adairsville, Summerville, Armuchee, Nickelsville, Alpharetta, Euharlee, Lindale, Braswell, Coosa, Kennesaw, Mableton, Smyrna, Roswell, Bremen, Tallapoosa, Canton, Milton, Hiram since 2011.
We are also licensed in Alabama, California, Maryland, Mississippi, North Carolina, Pennsylvania, South Carolina, Tennessee, & Virginia.
Quick Help Links
Home Page/ About Us/ Get a Quote/ Make a Payment/ Claims/ Locations/ Helpful Info/ Our Blog/ Refer A Friend
Icon Icon
Icon Icon Icon
Social Icon Social Icon Social Icon Social Icon
© Copyright. All rights reserved. Powered by Insurance Website Builder