Loss of Income Insurance
/ˈlɒs əv ˈɪnkʌm ɪnˈʃʊərəns/
Definitions
- (n.) An insurance policy that provides compensation for lost earnings due to inability to work from illness, injury, or other covered causes.
He filed a claim under his loss of income insurance after the accident left him unable to work.
Forms
- loss of income insurance
Related terms
See also
Commentary
Loss of income insurance is distinct from general health or disability insurance in focusing specifically on income replacement rather than medical costs.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.