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Agreed Value An agreement made between the insurer and insured at policy inception, confirming that both parties concur that the limit of insurance set forth in the schedule of property is that item's value, and that agreed upon value is the amount that will be paid by the insurer in the event of a total loss.
Agreed Value Clause A condition of a policy stating that the insurer agrees to waive the coinsurance requirement in consideration of the insured's maintaining insurance for the scheduled item, equal to the value agreed upon at the inception of the policy.
Aircraft Insurance A type of package policy for aircraft which combines both the property insurance for the hull and coverage for bodily injury and property damage liability arising out of the ownership or use of the insured aircraft.
Aleatory Contract A type of contract in which the consideration between the parties to the contract is not equal in value. The insurance policy is a common example of this type of contract as the consideration provided by the insured is the premium dollar, and the consideration of the insurer is a promise to pay should loss occur. If a loss does not occur, nothing is paid by the insurer. Should there be a loss, however, the amount of coverage provided by th insurer may exceed the lifetime accumulation of premiums paid by the insured.
Alien Company An insurance company that is domiciled or incorporated in a country outside the United States, but which conducts either insurance or reinsurance operations in the U.S.
Alienation Clause A policy clause that details the terms, conditions, or requirements that will apply should property which is the subject of the insurance to be sold and title transferred during the policy term. Two of the most common examples are the alienation clause in a mortgage insurance policy which requires the balance of a loan be paid should the property be sold, or a property insurance policy which clarifies that the insurance coverage cannot be assigned or transferred to the new owners when the property is sold.
All -Risk Policy A policy which covers loss caused by any cause of loss which is not excluded, as contrasted to "named peril" policies which protect against certain perils named in the policies. Usual to certain types of property and marine insurance contracts, the term "all risk" frequently appears in quotes, since such coverage includes "almost" all risks (i.e., all but those excluded).
Allied Health Personnel Health personnel who perform duties which would otherwise have to be performed by physicians, optometrists, dentists, podiatrists, nurses, and chiropractors. Also called paramedical personnel.
Alzheimer's Disease A progressive, irreversible disease characterized by degeneration of the brain cells and severe loss of memory causing the individual to become dysfunctional and dependent upon others for basic living needs.
Ambulatory Care Similar to outpatient treatment in that it is care which does not require hospitalization.
Ambulatory Setting Institutions such as surgery centers, clinics, or other outpatient facilities which provide health care on an outpatient basis.
Amortization Periodical write-down of premium paid on purchase of a bond or write-up of discount received on purchase of a bond so as to reach par value at maturity date.
Amount of Insurance Based on the terms of a specific policy, the most an insurer will pay for any single loss. The maximum amount an insured can collect.
Amount of Risk A life insurance term to express the amount the insurer would pay in benefits in case of death on a whole life policy. It is calculated using the difference between the face amount of the policy and the cash value that has been accumulated.
Ancillary Additional services (other than room and board charges) such as X-rays, anesthesia, lab work, etc. Fees charged for ancillary care such as X-rays, anesthesia, and lab work. This term may also be used to describe the charge made by a pharmacy for prescriptions which exceed the health insurance plan's maximum allowable cost
Ancillary Benefits Benefits for miscellaneous hospital charges.
Animal Insurance Life and health insurance for animals and livestock.
Animal Mortality Insurance A type of animal life insurance that provides benefits for the death of the specified animal for any cause unless otherwise excluded. Coverage is normally very broad and the exclusions few, if any at all.
Anniversary Date The anniversary date of policy inception as listed in the policy Declarations, and each subsequent expiration and renewal.
Annual Aggregate Deductible The total amount an insured is responsible to retain for the sum of all losses up to a specified deductible during an annual policy period. Once the annual aggregate deductible has been reached by the accumulation of payment by the insured, the insurer responds to the remaining claims up to the policy limits.
Annual Report The formal financial report issued by an insurer or other corporation that provides the year's financial information to its shareholders, stockholders, and/or policy holders.
Anti-Rebate Law State insurance regulations making it illegal for an agent to offer any part of the commission from a policy to an insured as an enticement to purchase the policy.
Apartment Package Policy A package policy forming part of the special multiperil policy (SMP) program combining the various coverages applicable to the ownership and operation of an apartment house. Basically, it covers fire, allied lines and liability. It can be extended for other coverages, such as boiler and machinery, glass, fidelity, etc. The SMP has been replaced in most jurisdictions by a commercial package policy (CPP).
Application In all types of insurance requiring it, a written statement by a prospective policyholder which gives the information the company relies upon when underwriting, rating, and issuing the insurance. In England this is called a proposal.
Appraisal Clause The clause in a policy which sets forth the conditions under which a disputed loss is decided by appraisers.
Approved Charge Amounts paid under Medicare as the maximum fee for a covered service.
Approved Health Care Facility or Program A facility or program which has been approved by a health care plan as described in the contract.
Arson The intentional destruction of property by fire.
Arson Fraud Arson that is either committed by the insured or at the direction of the insured solely for the purpose of collecting insurance proceeds by the insured.
Assessment The charge levied by an insurer writing an assessable policy (as sold by some mutual insurers), in addition to the policy premium, in the event the insurer becomes unable to pay its total losses.
Assignment An authorization to pay Medicare benefits directly to the provider. Medicare payments may be assigned to participating providers only.
Assignment of Benefits A method where the person receiving the medical benefits assigns the payment of those benefits to a physician or hospital.
Assumption of Risk A common law defense used by employers in which an employee assumes the risks for the hazards normally associated with a type of employment when that employee accepts employment. This defense is not available with workers compensation laws.
Audit Verification of books or accounts to determine their accuracy. Certain policies written on a reporting or adjustable form give the insurer the privilege of auditing the policyholder's records to verify the accuracy of the premiums paid.
Audit Policies These are the types of policies that the insurer has the right to audit or examine at the end of each policy term, to determine if the premium charged was adequate based on the actual final exposure experienced by that insured.
Audit Provisions A policy condition or provision that details the right of the insurer to examine or audit the records of the insured at any time during the term of the insurance policy issued or for up to three years after the expiration of that policy, to determine the actual exposure that insured places on the insurer.
Auditor One who checks the accuracy of figures: the company's or those of its policyholders who are insured by policies permitting or calling for audits. Payroll auditors in workers compensation insurance are a good example.
Automatic Reinstatement After a loss has been paid or the damaged property restored, most policies provide that the amount of insurance will automatically return to its original amount. Some policies are reduced by the amount of loss paid but can be reinstated for additional premium.
Automobile Fleet A group of automobiles, used commercially and owned or leased by the insured, which may get special rate treatment.
Automobile Insurance Any kind of insurance pertaining to the ownership, maintenance, or use of automobiles.
Automobile Liability Insurance Protection for loss incurred through legal liability for bodily injury and damage to property of others caused by accidents arising out of ownership, maintenance, or use of an automobile.
Average Length of Stay (ALOS) The total number of patient days divided by the number of admissions and discharges during a specified period of time. This gives the average number of days in the hospital for each person admitted.
Bailee One who has custody of the property of another, Bailees "for hire" have certain responsibilities to care for the property of other that is in their custody.
Bailor A person entrusting foods to another.
Basic Hospital Expense Insurance Hospital coverage providing benefits for room and board and miscellaneous hospital expenses for a specified number of days during hospital confinement.
Basic Limits Certain minimum amounts of liability in liability insurance (determined by custom or laws), for which "basic" premiums apply. Additional amounts of liability insurance are charged for by the addition of certain percentages of the premium charged for the minimum limits.
Bed Days/1,000 The number of inpatient hospital days per 1,000 members of the health plan.
Benefit Reimbursement for covered medical expenses as specified by the plan.
Benefit Levels The maximum amount a person is entitled to receive for a particular service or services as spelled out in the contract with a health plan or insurer.
Benefit Package A description of what services the insurer or health plan offers to those covered under the terms of a health insurance contract.

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Tutton Insurance Services, Inc.

2913 S Pullman Street

Santa Ana, CA 92705

Main office: 949-261-5335
Toll free: 800-750-1002
Fax: 949-261-1911

Office Hours:

Mon: 8:00 AM - 4:30 PM
Tues: 8:00 AM - 4:30 PM
Wed: 8:00 AM - 4:30 PM
Thurs: 8:00 AM - 4:30 PM
Fri: 8:00 AM - 4:30 PM
Sat: Closed
Sun: Closed

Our Providers

Testimonials

Accommodating, professional, helpful, and quick. Very comfortable experience and I was impressed by their capabilities. Highly recommended.
Brad M.
I feel lucky to have found an agent willing to provide this level of service. No need to look anywhere else!
Michelle D.
Over the years we’ve never once had to worry about our coverage. My husband and I are long-time customers and proud to be.
Carol S.
Surprisingly flexible and in-touch with my needs as a small business owner. Can’t ask for more.
Spencer F.
They have strong ties with the community, and it shows. It’s nice to do business with people that really show they care about you and your family.
Susan T.