Call Us (561) 994-0880 ☰ ˟
(561) 994-0880 info@parkassociates.com
Park & Associates
Client Portal  Request a Quote
  • HOME
  • Get a Quote
    • Business & CommercialImage of right arrow
      • Business Quote Request
      • Cyber Liability Quote Form
      • EPLI Insurance Quote Form
      • Professional Liability Quote Form
    • Association InsuranceImage of right arrow
      • Association Insurance Quote
      • Commercial Real Estate Insurance Quote
    • Umbrella InsuranceImage of right arrow
      • Umbrella Insurance Quote Form
    • Flood InsuranceImage of right arrow
      • Flood Quote
    • Homeowners InsuranceImage of right arrow
      • Home Quote Request
    • Auto InsuranceImage of right arrow
      • Auto Quote Request
    • Contractor InsuranceImage of right arrow
      • Contractors Insurance Quote
    • Preschool InsuranceImage of right arrow
      • Preschool Insurance Quote
  • ABOUT US
    • About Us
    • Employee Directory
    • Location Map
    • Privacy Policy
    • Testimonials
    • Giving BackImage of right arrow
      • The MSA Coalition
    • Letter of recommendation
  • CUSTOMER SERVICE
    • File a Claim
    • Request Declaration and Coverages
    • Request ID Card for Auto Policy
    • Request Proof of Insurance
  • MAKE A PAYMENT
  • RESOURCES
    • Insurance Glossary
    • Newsletter Archive
    • Refer a Friend
    • Request A Quote
    • Proof Of Insurance
  • CONTACT
    • Contact Us
    • Join Our TeamImage of right arrow
      • Join Our Team
Association Insurance Icon Business Insurance Commercial Real Estate Insurance Icon Association Insurance
Preschool Insurance Icon Preschool Insurance
Contractor Insurance Icon Contractor Insurance
Homeowners & Car Insurance Icon Automobile Insurance Flood & Umbrella Insurance Icon Homeowners Insurance 
Home > Glossary > Q

Insurance Glossary

Insurance terms and definitions from Park & 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 Park & 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
QUALIFIED ANNUITY
A form of annuity purchased with pretax dollars as part of a retirement plan that benefits from special tax treatment, such as a 401(k) plan.


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

Park & Associates
Quick Links
Home Our Products Customer Service Make A Payment Report a Claim
About Us Refer A Friend Our Carriers Blog Contact Us
Location
5255 N Federal Hwy.
Suite 200
Boca Raton, Fl 33487

Phone: (561) 994-0880
Fax: (561) 994-1740
Email Us

   FAIA
Facebook TwitterInstagram
Licensed In The Following States: Florida
Please Read Our Privacy Policy
Copyright © 2025 Park & Associates, Inc.
All Rights Reserved.


Powered by Insurance Website Builder