Protect Yo’ Stuff (Property Insurance)
What is dwelling coverage?
This part of a homeowner's policy covers damage to the physical house itself.
What is liability insurance?
This coverage is required in most states to pay for injuries you cause to others.
What is a claim?
This is a request you file to get insurance to pay for a loss.
Who is the insured?
The person protected by an insurance policy.
What is liability coverage?
You rear-end another car—this coverage pays for their damages.
What is loss of use?
If your house burns down, this helps pay for a hotel while repairs are made.
What is collision coverage?
This pays for damage to your car if you hit another vehicle or object.
What is a premium?
This is the monthly or yearly amount you pay for insurance.
What is an insurance policy?
A document that explains coverages, limits, and exclusions.
What is comprehensive coverage?
A tree falls on your car during a storm.
What is personal property coverage?
This protects your furniture, clothes, and TV if they’re stolen.
What is comprehensive coverage?
This covers theft, fire, hail, or hitting a deer.
What is a policy limit?
The maximum amount an insurance policy will pay.
What is an exclusion?
Something specifically NOT covered by the policy.
What is personal liability coverage?
Someone slips and falls at your house.
What is homeowners' insurance?
This type of insurance is usually required by lenders if you have a mortgage.
What is uninsured motorist coverage?
This kicks in when the at-fault driver has no insurance.
What is a settlement?
When an insurer agrees to pay part or all of a claim.
What is an endorsement?
A change made to an existing policy.
What is personal property coverage?
Your laptop is stolen from your apartment.
What is renters' insurance?
This policy covers renters even though they don’t own the building.
What is a deductible?
This amount you pay out of pocket before insurance pays.
What is a denial?
This happens when a claim is not covered under the policy.
Who is the beneficiary?
The person or company receiving payment after a loss.
What is umbrella insurance?
You cause a major accident and damages exceed your limits—this helps.