Glossary

Home equity insurance covers a homeowner against declines in home prices.

Home foreign refers to insurance written in one country on property or risks located in another country.

A home health aide provides "hands-on" custodial assistance in the home.

A home office is the corporate headquarters of an insurance company.

Honorable engagement or undertaking is a phrase found in some reinsurance agreements that typically provides that arbitrators shall interpret the reinsurance contract as an "honorable engagement" and not merely as a legal obligation.

The horizontal exhaustion rule is a legal theory that requires an insured with multiple primary and excess policies covering a common risk to exhaust all primary policy limits before invoking excess coverage.

Hospital income insurance provides a stated weekly or monthly payment during the hospitalization of the insured.

Hospital medicine is a medical specialty addressing the care needs of acutely ill, hospitalized patients.

Hospital professional liability insurance is purchased by hospitals to cover their liability for professional acts, errors, or omissions.

Hostile fire is a fire that becomes uncontrollable or expands outside its intended boundaries.