Auto Basics
This coverage pays for injuries you cause to someone else in an accident.
Liability Coverage
This part of the policy covers the physical structure of the home.
Dwelling
The amount the insured pays out of pocket before coverage applies.
Deductible
This policy protects a business from lawsuits due to injury or property damage.
General liability
The person or business being protected by the policy.
The Insured
This coverage pays to fix your car after a collision with another vehicle.
Collision
This covers detached structures like sheds and fences.
Other Structures
A claim caused by sudden, accidental water discharge is usually classified as this.
Covered Peril
This policy covers damage to a business’s building and contents.
Commercial property insurance
The written contract between the insurer and insured.
The Policy
This coverage pays for non‑collision losses like hail, theft, or hitting a deer.
Comprehensive
This coverage pays for your belongings if they’re stolen or damaged.
Personal Property
This type of claim often requires photos, police reports, or witness statements.
Auto liability claim
This coverage protects employees injured on the job.
Workers’ compensation
The amount paid to keep the policy active.
Premium
This coverage pays medical expenses for you and passengers regardless of fault.
Med pay or PIP
This pays for temporary living expenses if your home becomes uninhabitable.
Loss of Use
This determines how much the insurer pays when property is damaged.
Actual cash value vs. replacement cost
This policy covers professional mistakes or bad advice.
Errors & Omissions (E&O)
A change or addition to a policy.
Endorsement
This coverage protects you if the at‑fault driver has no insurance.
Uninsured Motorist
This endorsement increases coverage for jewelry, art, or collectibles.
Scheduled Personal Property
A claim involving multiple vehicles and unclear fault may require this process.
Subrogation investigation
This coverage protects a business if it cannot operate after a covered loss.
Business Interruption
The maximum amount an insurer will pay for a covered loss.
Policy Limit