Peril
An event or happening, whether natural or man-made, that causes a financial loss
Property Insurance
Insurance that protects you against the loss of your property or possessions
Personal Liability Insurance
Insurance covering all liabilities other than those resulting from the negligent operation of an automobile or those associated with business or professional causes
Actual Cash Value
The replacement cost of a property minus its physical depreciation.
Replacement Cost Coverage
Additional homeowner's coverage that provides for the actual replacement cost of a stolen or destroyed item as opposed to the actual cash value
Personal Umbrella Policy
A homeowner's policy that provides excess liability insurance with protection against lawsuits and judgments generally ranging from $1 million to $10 million
Insurance Credit Score
a credit score, based on the same information as your traditional credit score, which is used in determining what your home and auto insurance rates will be.
Deductible
an amount to be paid before insurance will pay
Uninsured Motorist's Protection Coverage
coverage against injuries caused by a hit-and-run driver or by an uninsured motorist or a negligent driver whose insurance company is insolvent.
Collision Loss
The portion of auto insurance coverage that provides benefits to cover damages resulting from an accident with another vehicle or object
Comprehensive Physical Damage Coverage
Covers damage to your vehicle in a non-accident situation such as fire, theft, falling objets, vandalism, hail, floods, tornadoes, earthquakes.