{"id":362,"date":"2026-04-06T07:14:34","date_gmt":"2026-04-06T07:14:34","guid":{"rendered":"https:\/\/www.wataniya.com.sa\/blog\/?p=362"},"modified":"2026-04-06T08:06:35","modified_gmt":"2026-04-06T08:06:35","slug":"what-insurance-terms-you-must-know","status":"publish","type":"post","link":"https:\/\/www.wataniya.com.sa\/blog\/what-insurance-terms-you-must-know\/","title":{"rendered":"What Insurance Terms You Must Know?"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Navigating the world of insurance can feel like learning a new language. Whether you&#8217;re purchasing property, life, or <\/span><a href=\"https:\/\/www.wataniya.com.sa\/Wataniya_Home\/MotorInsurance\"><span style=\"font-weight: 400;\">car insurance<\/span><\/a><span style=\"font-weight: 400;\">, you\u2019ll likely encounter numerous terms and jargon that might be unclear at first. However, understanding insurance terms is essential to ensure you get the coverage you need and avoid any misunderstandings in the future.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">At Wataniya Insurance, we believe in making insurance more accessible and transparent for our customers in KSA. This guide will help you break down some of the most common and important insurance terms you must know.<\/span><\/p>\n<h2><b>Key Insurance Terms Explained<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Below are some of the most common and important insurance terms you will encounter in your insurance journey. Let\u2019s break them down to ensure you understand their meanings clearly.<\/span><\/p>\n<h4><b>Premium<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">The premium is the amount you pay to your\u00a0 <\/span><a href=\"https:\/\/www.wataniya.com.sa\/Wataniya_Home\/MotorInsurance\"><span style=\"font-weight: 400;\">car insurance<\/span><\/a><span style=\"font-weight: 400;\"> to maintain coverage. This payment can be made monthly, quarterly, or annually. It is calculated based on a variety of factors, including your risk profile, the type of insurance, and the level of coverage. For example, a young driver may pay higher insurance premiums because they are considered a higher risk than older, more experienced drivers.<\/span><\/p>\n<p><b>Premiums can be affected by:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Age: <\/b><span style=\"font-weight: 400;\">Younger individuals, especially young drivers, often face higher premiums.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Location: <\/b><span style=\"font-weight: 400;\">Where you live can influence your premium. For example, areas with higher crime rates may result in higher premiums.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Coverage level: <\/b><span style=\"font-weight: 400;\">A higher coverage level generally means a higher premium, as the insurer assumes more risk.<\/span><\/li>\n<\/ul>\n<h4><b>Deductible<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">The deductible is the amount you are required to pay out-of-pocket before your insurance coverage kicks in. For example, if you have a 1,000 SAR deductible on your <\/span><a href=\"https:\/\/www.wataniya.com.sa\/Wataniya_Home\/MotorInsurance\"><span style=\"font-weight: 400;\">car insurance<\/span><\/a><span style=\"font-weight: 400;\"> policy and you incur 5,000 SAR in motor bills, you would pay the first 1,000 SAR, and your insurance would cover the remaining 4,000 SAR.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The deductible amount can vary, and many policies allow you to choose a higher deductible to lower your premium. However, it\u2019s important to ensure that you can comfortably afford the deductible amount if you need to make a claim.<\/span><\/p>\n<h4><b>Policyholder<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">The policyholder is the person or entity that owns the insurance policy. This individual is responsible for paying the premiums and ensuring that the policy is maintained in good standing. In some cases, the policyholder may not be the person receiving the coverage, such as in <\/span><a href=\"https:\/\/www.wataniya.com.sa\/Wataniya_Home\/CorporateLifePersonalAccident\"><span style=\"font-weight: 400;\">life insurance<\/span><\/a><span style=\"font-weight: 400;\">, where the policyholder is someone who purchases a policy for their beneficiary.<\/span><\/p>\n<h4><b>Claim<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">A claim is a formal request made to your <\/span><a href=\"https:\/\/www.wataniya.com.sa\/Wataniya_web\/\"><span style=\"font-weight: 400;\">insurance company in KSA<\/span><\/a><span style=\"font-weight: 400;\"> for compensation or coverage for a loss, damage, or event covered by your policy. For example, if your car is involved in an accident, you would file a claim with your auto insurance provider to request compensation for the damage.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Once a claim is filed, the <\/span><a href=\"https:\/\/www.wataniya.com.sa\/Wataniya_web\/\"><span style=\"font-weight: 400;\">insurance company<\/span><\/a><span style=\"font-weight: 400;\"> evaluates the situation, and the claim is either approved or denied based on the terms of your policy. It\u2019s essential to understand how the claims process works in your policy to avoid surprises when you need to file one.<\/span><\/p>\n<h2><b>More Complex Insurance Jargon<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">While the basic terms are essential, as you go deeper into insurance policies, you&#8217;ll come across more complex terminology. Let\u2019s break down some of these more technical terms:<\/span><\/p>\n<h4><b>Underwriting<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">Underwriting refers to the process by which an <\/span><a href=\"https:\/\/www.wataniya.com.sa\/Wataniya_web\/\"><span style=\"font-weight: 400;\">insurance company<\/span><\/a><span style=\"font-weight: 400;\"> evaluates the risks associated with insuring you. The underwriter assesses various factors, such as your health, lifestyle, driving record, and financial situation, to determine how risky it is to provide you with coverage.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This process also determines how much you will pay in premiums. For example, if you have a history of health problems, you may face higher premiums for health insurance because the risk of future claims is higher.<\/span><\/p>\n<h4><b>Exclusions<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">Exclusions refer to specific situations, conditions, or events that are not covered by your insurance policy. It\u2019s crucial to read and understand the exclusions listed in your policy, as they can affect your ability to make a successful claim.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For example, most <\/span><a href=\"https:\/\/www.wataniya.com.sa\/Wataniya_Home\/MotorInsurance\"><span style=\"font-weight: 400;\">auto insurance<\/span><\/a><span style=\"font-weight: 400;\"> policies exclude damage caused by driving under the influence of alcohol or drugs, while many health insurance policies exclude treatments for pre-existing conditions. Understanding exclusions helps you avoid surprises if you need to file a claim.<\/span><\/p>\n<h4><b>Coverage Limits<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">Coverage limits are the maximum amount your insurance company will pay for a covered claim. These limits are set out in your policy and vary based on the type of insurance.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For example, if your car insurance has a coverage limit of 25,000 SAR\u00a0 for property damage and you cause an accident resulting in 30,000 SAR\u00a0 of damage to another person\u2019s car, you would be responsible for the remaining 5,000 SAR .<\/span><\/p>\n<p><span style=\"font-weight: 400;\">It\u2019s essential to choose coverage limits that provide adequate protection without overpaying for unnecessary coverage.<\/span><\/p>\n<h2><b>The Importance of Understanding Insurance Terms<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Understanding insurance terms is not just about getting a grasp of the technical language used by <\/span><a href=\"https:\/\/www.wataniya.com.sa\/Wataniya_web\/\"><span style=\"font-weight: 400;\">insurance companies<\/span><\/a><span style=\"font-weight: 400;\">; it\u2019s about empowering yourself to make well-informed decisions about your coverage. The world of insurance can seem daunting with its array of unfamiliar terms, but once you understand what each term means, you\u2019ll be able to confidently select policies that offer the best protection for you, your family, and your assets.<\/span><\/p>\n<h4><b>1. Avoiding Financial Surprises<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">One of the most significant reasons to understand insurance terms is to avoid unexpected financial consequences. Many people sign up for insurance without fully grasping the specifics of their policy, only to find out later that they\u2019re either underinsured or not covered for certain types of damage or loss. For example, if you don\u2019t understand the difference between coverage limits and deductibles, you may find yourself responsible for high costs after a claim, even though you believed you had full protection.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Having a clear understanding of these terms helps you choose the correct coverage levels and prevents any unwelcome surprises when you need to file a claim.<\/span><\/p>\n<h4><b>2. Maximizing Your Coverage<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">Understanding your insurance terms ensures that you are getting the most out of your policy. When you know the specifics, such as the definition of exclusions or the deductible that applies, you can tailor your policy to better meet your needs. For example, you may want to opt for a higher deductible to lower your premium, but only if you\u2019re confident you can afford the out-of-pocket costs in case of a claim. Similarly, understanding policy endorsements can help you customize your coverage by adding special protections that may be needed for your unique circumstances.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This knowledge helps you avoid paying for unnecessary coverage while ensuring you\u2019re not left unprotected in a critical situation.<\/span><\/p>\n<h4><b>3. Enhancing Your Ability to File a Claim<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">In the unfortunate event that you need to file a claim, knowing insurance terms can significantly improve your experience. If you understand terms like claim, accident report, or compensation, you\u2019ll be able to follow the right process smoothly and efficiently. <\/span><a href=\"https:\/\/www.wataniya.com.sa\/Wataniya_web\/\"><span style=\"font-weight: 400;\">Insurance companies<\/span><\/a><span style=\"font-weight: 400;\"> usually require certain documents to approve claims, and knowing what to expect in terms of paperwork, timelines, and assessments helps you stay organized and avoid delays.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">A clear understanding of your policyholder rights, coverage limits, and claim process ensures that you can take the necessary steps promptly and receive the full benefits of your policy.<\/span><\/p>\n<h4><b>4. Gaining Clarity in Complex Situations<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">Insurance policies are often full of technical language that can be difficult to navigate. Without a solid understanding of terms like underwriting or exclusions, it\u2019s easy to feel overwhelmed or uncertain about your coverage. By familiarizing yourself with these concepts, you will have the clarity to make decisions based on facts, not fear. Whether you&#8217;re renewing a policy, filing a claim, or comparing different insurance providers, you\u2019ll have the confidence to ask the right questions and seek the best solutions for your needs.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Understanding insurance jargon gives you the tools to talk to your insurance agent more effectively, ensuring that you don\u2019t miss out on important coverage options or discounts.<\/span><\/p>\n<h4><b>5. Promoting Better Decision-Making<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">The more informed you are about insurance terms, the better decisions you can make when shopping for a policy. It allows you to compare different policies accurately, taking into consideration things like premium costs, coverage types, exclusions, and limitations. For example, if you know the terms policy schedule and policy endorsement, you\u2019ll be able to understand what\u2019s included in your plan and make any necessary changes or upgrades before your policy goes into effect.<\/span><\/p>\n<h2><b>Basic car insurance terms<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Car insurance comes with a unique set of terms that you should understand to get the most out of your coverage. Here\u2019s a breakdown of some essential car insurance terms explained:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Unified Policy: <\/b><span style=\"font-weight: 400;\">A unified policy means that your insurance coverage is contained within a single policy. This is typical for individuals who need comprehensive car coverage that includes liability, collision, and comprehensive protection.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Policy Schedule: <\/b><span style=\"font-weight: 400;\">The policy schedule is a document that outlines all the important details of your car insurance policy. It includes the type of coverage you have, the coverage limits, your premium amount, and any exclusions or endorsements.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Policy Number: <\/b><span style=\"font-weight: 400;\">Your policy number is a unique identifier for your insurance policy. It\u2019s essential to keep this number handy when you need to file a claim or get in touch with your insurance company.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Policy Endorsement: <\/b><span style=\"font-weight: 400;\">An endorsement is an addition or modification to your existing policy. This can change the terms of your coverage, such as adding new vehicles or increasing your coverage limits. Endorsements can be used to tailor your policy to your specific needs.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Insured Value: <\/b><span style=\"font-weight: 400;\">The insured value is the total amount your vehicle is insured for. This amount should be accurate to ensure that your car is adequately covered in the event of an accident or damage.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Premium: <\/b><span style=\"font-weight: 400;\">In car insurance, the premium is the amount you pay for coverage. It\u2019s influenced by factors such as the make and model of your car, your driving history, and the level of coverage you choose.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Insurance Surplus: <\/b><span style=\"font-weight: 400;\">Insurance surplus refers to the extra funds your <\/span><a href=\"https:\/\/www.wataniya.com.sa\/Wataniya_web\/\"><span style=\"font-weight: 400;\">insurance company<\/span><\/a><span style=\"font-weight: 400;\"> holds after covering claims and operating costs. It\u2019s an indicator of the financial health of the insurer.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>No-Claim Discount: <\/b><span style=\"font-weight: 400;\">A no-claim discount is a discount given by your insurance company for not filing any claims over a specified period. This is a reward for safe driving and helps reduce your premium.<\/span><\/li>\n<\/ul>\n<h2><b>Words related to accidents &amp; claims<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Accidents and claims come with their own set of terms, which are crucial to understanding the claims process. Here\u2019s a look at some important terms you might encounter:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Accident: <\/b><span style=\"font-weight: 400;\">An accident refers to an unexpected event that causes damage, injury, or loss. In the context of insurance, accidents are the primary reason for filing a claim.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Claim: <\/b><span style=\"font-weight: 400;\">A claim is a formal request made to your insurer for compensation or coverage for a loss that occurred due to an accident.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Compensation:<\/b><span style=\"font-weight: 400;\"> Compensation is the amount your <\/span><a href=\"https:\/\/www.wataniya.com.sa\/Wataniya_web\/\"><span style=\"font-weight: 400;\">insurance company<\/span><\/a><span style=\"font-weight: 400;\"> will pay for your losses or damages after an accident. This could cover repair costs, medical bills, or other expenses.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Third Party:<\/b><span style=\"font-weight: 400;\"> Third-party insurance covers damage or injury that you cause to other people or their property during an accident. It\u2019s a standard requirement for car insurance in many regions.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Accident Report: <\/b><span style=\"font-weight: 400;\">An accident report is a formal document that details the events surrounding an accident. It can be filed by Najm or the involved parties.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Taqdeer Report: <\/b><span style=\"font-weight: 400;\">A Taqdeer Report is a detailed accident report used for insurance claims in some countries. It includes information such as the cause of the accident and the involved parties.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Material Damages: <\/b><span style=\"font-weight: 400;\">Material damages refer to physical damage to property, such as vehicles, buildings, or equipment, caused by an accident.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Bodily Injuries: <\/b><span style=\"font-weight: 400;\">Bodily injuries refer to physical harm caused to a person in an accident. This could involve medical treatment costs, rehabilitation, and pain and suffering.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Economic Total Loss: <\/b><span style=\"font-weight: 400;\">An economic total loss occurs when the cost to repair a damaged vehicle exceeds its current market value.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Technical Total Loss: <\/b><span style=\"font-weight: 400;\">A technical total loss refers to a situation where the vehicle is so badly damaged that it cannot be repaired, regardless of cost.<\/span><\/li>\n<\/ul>\n<h3><b>How Wataniya Insurance Can Help<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">At Wataniya Insurance, we understand the importance of clarity when it comes to choosing the right insurance coverage. Our team is here to help you navigate the complex world of insurance terms, ensuring that you understand every aspect of your policy. Whether you need help with motor, property or life insurance, we are committed to providing clear explanations and tailored solutions.<\/span><\/p>\n<h3><b>FAQs<\/b><\/h3>\n<h4><b>Q1: What\u2019s the difference between premium and deductible?<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">A premium is the amount you pay periodically (monthly, quarterly, or annually) to maintain your insurance coverage. It\u2019s your ongoing cost for being insured. On the other hand, a deductible is the amount you must pay out-of-pocket before your <\/span><a href=\"https:\/\/www.wataniya.com.sa\/Wataniya_web\/\"><span style=\"font-weight: 400;\">insurance company<\/span><\/a><span style=\"font-weight: 400;\"> begins covering the rest of the expenses. For example, if your auto insurance has a 500 SAR deductible and you have an accident that results in 1,500 SAR in damage, you\u2019ll pay the first 500 SAR, and your insurance will cover the remaining 1,000 SAR, as long as the damage is within your coverage limits.<\/span><\/p>\n<p><b>In simple terms:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Premium = What you pay regularly to keep your insurance active.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Deductible = What you pay out-of-pocket before your insurance kicks in.<\/span><\/li>\n<\/ul>\n<h4><b>Q2: What is an exclusion in an insurance policy?<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">An exclusion refers to situations or types of damage or loss that are not covered by your policy. It\u2019s critical to understand these exclusions to avoid surprises when you file a claim. For instance, some car insurance policies might not cover damage caused by a natural disaster or driving under the influence of alcohol. By understanding the exclusions in your policy, you can make sure you&#8217;re adequately covered for your needs and explore additional coverage options if necessary.<\/span><\/p>\n<h4><b>Q3: How does the claims process work?<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">The claims process is the formal procedure for requesting compensation from your insurer when an event covered by your policy occurs. If you experience a loss or damage, you need to inform your insurer as soon as possible. Once you\u2019ve filed your claim, the insurer will assess the situation, which may include gathering reports, appraising the damage, and verifying the coverage.<\/span><\/p>\n<p><b>Steps typically include:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Notify your insurance company<\/b><span style=\"font-weight: 400;\"> about the incident.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Fill out the claim form<\/b><span style=\"font-weight: 400;\"> and provide necessary documents (such as accident reports, photos of damage, medical bills, etc.).<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Claim assessment<\/b><span style=\"font-weight: 400;\"> \u2013 The insurer evaluates the validity of your claim.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Payment or denial<\/b><span style=\"font-weight: 400;\"> \u2013 Based on the assessment, the insurer either pays out the claim or denies it, often based on exclusions or coverage limits.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">By understanding the claims process, you\u2019ll know what\u2019s expected of you and how to ensure your claim is processed quickly.<\/span><\/p>\n<h4><b>Q4: Can I modify my insurance coverage during the policy period?<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">Yes, many <\/span><a href=\"https:\/\/www.wataniya.com.sa\/Wataniya_web\/\"><span style=\"font-weight: 400;\">insurance companies in KSA<\/span><\/a><span style=\"font-weight: 400;\"> allow you to modify your coverage during the policy period. This can include adding or removing coverage types, increasing or decreasing your coverage limits, or adjusting your deductible. For example, if you purchase a new vehicle or undergo a lifestyle change, like getting married or having a baby, you might need to update your policy to reflect these changes. Be sure to ask your insurance provider about policy endorsements, which allow you to make changes or add additional coverage options to your existing policy.<\/span><\/p>\n<h4><b>Q5: What are the benefits of understanding insurance terminology before purchasing a policy?<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">By fully understanding insurance terms, you can make better decisions about your coverage. Knowing terms like coverage limits, deductibles, exclusions, and premium costs will help you choose a policy that best suits your needs without overpaying for unnecessary coverage. It also ensures that you\u2019re aware of your rights and responsibilities as a policyholder, so you can file claims and handle your policy confidently when the time comes.<\/span><\/p>\n<h3><b>Conclusion:<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Understanding insurance terms is crucial when choosing an insurance policy that fits your needs. By familiarizing yourself with key terms like premiums, deductibles, claims, and exclusions, you\u2019ll be better equipped to select the right coverage and avoid unexpected costs.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">At <\/span><a href=\"https:\/\/www.wataniya.com.sa\/Wataniya_web\/\"><span style=\"font-weight: 400;\">Wataniya Insurance<\/span><\/a><span style=\"font-weight: 400;\">, we believe that knowledge is power, and we\u2019re here to make the insurance process as straightforward as possible. If you have any questions or need help understanding your policy, our team is always here to assist you.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">*Subject to the supervision and regulation of the Insurance Authority<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Navigating the world of insurance can feel like learning a new language. Whether you&#8217;re purchasing property, life, or car insurance, you\u2019ll likely encounter numerous terms and jargon that might be unclear at first. However, understanding insurance terms is essential to ensure you get the coverage you need and avoid any misunderstandings in the future. At [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":366,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25,17],"tags":[],"class_list":["post-362","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-insurance-tips-and-advice","category-understanding-insurance"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What Insurance Terms You Must Know?<\/title>\n<meta name=\"description\" content=\"Key Insurance Terms Explained. 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