What does Short Term Insurance mean? Read on to discover the definition & meaning of the term Short Term Insurance - to help you better understand the language used in insurance policies.
Short Term Insurance
Short term insurance is insurance that provides financial coverage for a specific asset for a limited duration of time, usually less than one year. For example, a person may get a short term property insurance policy that only covers their property for six months. Short term insurance is commonly used for health insurance, but it can also be used for most other types of insurance, except life insurance.
We hope the you have a better understanding of the meaning of Short Term Insurance.