Insurance Term of the Day: Exposure

In the insurance world, exposure means more than the result of your fly being down, or the plumber working on your pipes. Exposure relates to your potential risk that’ll cause a loss which requires filing a claim.

Insurance companies will measure your exposure based on numerous factors. These factors play a role in the final premium. These exposures put you at risk for a loss. If your risk is too high, insurance companies could deny coverage.

To get a better understanding of exposure, here are a few examples:

  • Living in an area with more traffic and car accidents
  • Driving around frequently

These factors help to determine the odds that you will have a claim. Insurance companies are hesitant to insure someone who may end up costing them a boat load of money because it can affect their business’s profits.

If you ever hear this term from an insurance company, ask them what your exposures are and see if there’s anything you can do to change it to decrease your rates.

Buzz Your
Insurance Agent

Search for a local agent with our agent finder map.

Search All Blogs

Search
Generic filters
Exact matches only
Search in title
Search in content
Search in excerpt
Search in comments
Filter by Custom Post Type

Want to learn more about
our blog writer?

Read more about KayLynn's background.

Buzz Your
Insurance Agent

Search for a local agent with our agent finder map.

Want to learn more about
our blog writer?

Read more about KayLynn's background.

Search All Blogs

Search
Generic filters
Exact matches only
Search in title
Search in content
Search in excerpt
Search in comments
Filter by Custom Post Type

Don’t Stop the Music

Did you know musicians need insurance, too?

Insurance Term of the Day: Salvage Value

What can you save on a Total Loss?

Liability Limits

What is liability coverage for?

Insurance Term of the Day: Total Loss

If you’ve ever been in an accident, you know your car looks pretty gnarly afterward.

Common Insurance Claims On Halloween

The Spooky Truth About Halloween.

Insurance Term of the Day Reinsurance

What is Reinsurance?

Football Player Insurance

It’s football season. How many of you go absolutely crazy about football?

Caught in a Pickle?

You need roadside assistance.

Millennials: You Need Life Insurance

How young is an appropriate age to purchase a life insurance policy?

It’s Deer Season

Avoiding a Collision with a Deer

Leave a Comment





Translate »