Glossary entry

Swedish term or phrase:

Glömskeförsäkring

English translation:

grace-period insurance for lapsed premiums

Added to glossary by Helen Johnson
Sep 21, 2009 18:47
14 yrs ago
Swedish term

Glömskeförsäkring

Swedish to English Bus/Financial Insurance terms
Glömskeförsäkring
When the insured has forgotten to pay the usual buildings/contents insurance premium so "Glömskeförsäkring" covers damage/loss, etc.
TIA
Proposed translations (English)
3 +1 grace-period insurance for lapsed premiums
4 -1 Contingency insurance

Discussion

Charlesp Sep 22, 2009:
Considering that there is a total of 4 Google hits for Glömskeförsäkring - (not including this Kudoz posting) - I'd say this isn't a term in common usage.

Proposed translations

+1
3 hrs
Selected

grace-period insurance for lapsed premiums

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

Peer comment(s):

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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4 KudoZ points awarded for this answer. Comment: "Thanks (I did write a TN as well)"
-1
51 mins

Contingency insurance

There is no UK equivalent, so I would suggest the above, with an appropriate note.
Peer comment(s):

disagree Charlesp : don't think so, actually.
22 hrs
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