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Glömskeförsäkring

English translation: grace-period insurance for lapsed premiums

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Swedish term or phrase:Glömskeförsäkring
English translation:grace-period insurance for lapsed premiums
Entered by: Helen Johnson

18:47 Sep 21, 2009
Swedish to English translations [PRO]
Bus/Financial - Insurance / terms
Swedish term or phrase: Glömskeförsäkring
Glömskeförsäkring
When the insured has forgotten to pay the usual buildings/contents insurance premium so "Glömskeförsäkring" covers damage/loss, etc.
TIA
Helen Johnson
United Kingdom
Local time: 14:35
grace-period insurance for lapsed premiums
Explanation:
Forget-me-not insurance may be vivid, but less technical-sounding.

Selected response from:

Adrian MM. (X)
Local time: 15:35
Grading comment
Thanks (I did write a TN as well)
4 KudoZ points were awarded for this answer



Summary of answers provided
3 +1grace-period insurance for lapsed premiums
Adrian MM. (X)
4 -1Contingency insurance
Neil Crockford


Discussion entries: 1





  

Answers


51 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): -1
Contingency insurance


Explanation:
There is no UK equivalent, so I would suggest the above, with an appropriate note.

Neil Crockford
Local time: 14:35
Meets criteria
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 53

Peer comments on this answer (and responses from the answerer)
disagree  Charlesp: don't think so, actually.
22 hrs
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3 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): +1
grace-period insurance for lapsed premiums


Explanation:
Forget-me-not insurance may be vivid, but less technical-sounding.




    Reference: http://insurance.lawyers.com/auto-insurance/Auto-Accident-La...
Adrian MM. (X)
Local time: 15:35
Meets criteria
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 96
Grading comment
Thanks (I did write a TN as well)

Peer comments on this answer (and responses from the answerer)
agree  Charlesp: that is precisely what it means, but only someone as knowledgeable and experienced as Tom would know that such an insurance exists! Follow-up comment: yes, "grace period" but as a seperate insurance policy, does it really exist?
13 hrs
  -> Thanks Charles. The website shows it does in the US as a forbearance, much the same way as it does in the UK. In fact, the arrangement - rather than sep. ins. - must exist in most countries. Otherwise, forgetful policyholders would be left high-and-dry.
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