What does ancillary mean in insurance?

ancillary insurance is essentially a second layer of insurance coverage. While the primary insurance covers the cost of damage to your home and other structures from a catastrophe, ancillary insurance is available to cover additional perils, such as damage to your belongings, medical expenses, and even business interruption.

What does ancillary mean in insurance?

Ancillary insurance is a supplemental form of insurance that supplements your primary policy. This form of insurance usually only covers extra expenses that aren't covered by your regular policy. These expenses include things like legal fees, additional car repairs, medical expenses, and more.

What does ancillary mean in car insurance?

It is important to understand that “ancillary” refers to something that is connected to another, but which is not the main thing. For example, when you take a rental car to drive on your trip, the rental company is providing ancillary services. Their services include things like the car seat and car insurance, and this part of the service is called ancillary insurance.

What does ancillary mean in renters insurance?

Another term that you may see used in conjunction with renters insurance is ancillary insurance. While it sounds similar, ancillary insurance has nothing to do with the actual policy that protects your home and possessions. Ancillary insurance simply means supplemental insurance that’s added on to a standard homeowners or renters policy.

What does ancillary mean in insurance context?

Ancillary is a term that is often used when discussing life insurance. The term simply refers to something that is not directly connected to the purpose of the policy but that is related. It can also refer to something that will add to the profitability of the insurance company. Ancillary services and products are sometimes also used to describe other types of insurance, such as automobile insurance or workers' compensation.