Protection for problems not typically covered by your auto insurance; such as:
Filling an empty gas tank
Endorsement
An addition to the basic policy contract.
Exclusion
Restriction in your policy that limits or excludes coverage for certain perils; persons; property; or locations.
Expiration Date
The date your policy coverage runs out.
Hazard
Anything that increases the chance of a loss
Indemnity
Compensation for a loss intended to restore an individual or entity to the approximate financial position prior to the loss
Insurable Interest
Any interest a person has in property that is the subject of insurance, so that damage to the property would cause the insured a financial loss or other tangible deprivation.Generally an insurable interest must be demonstarted when a policy is issued and must exist at the time of a loss
Liability
Any legally enforceable obligation or responsibility for the injury or damage suffered by another person
Lienholder
A person or organization with a financial interest in property as a security for the payment of a debt.
Limits
The maximum amount of protection purchased by the insured for a specific coverage
Loss of Use
Coverage to compensate an insured for the loss of use of his property if it cannot be used because of a peril covered by the policy.
Malicious Mischief
Intentional damage of personal property with malice of forethought
Misrepresentation
To make written or verbal statements that are untrue or misleading
Named Insured
The person or entity listed on the policy declarations
Non-Renewal
When an insurer decides not to renew a policy at the end of its period
Personal Injury Protection
May pay for your medical treatment; lost wages; or other accident-related expenses regardless of who caused the accident. This coverage is subject to the terms; limits; and conditions of your policy contract
Physical Damage
Damage to property
Premium
The price of an insurance policy that the named insured pays in exchange for insurance coverage.
Rental Reimbursement
Optional coverage that helps pay rental vehicle costs when your insured vehicle is disabled as the result of a covered accident or loss. Available to most policyholders for an additional premium.
Renters Insurance
Insurance that provides protection from losses that arise out of the rental of a home.Protection covers losses to the insured's property, not to losses that occurs as a result of owning a home.Otherwise known as tenant coverage.
Subrogation
When your insurance company seeks payment recovery including your deductible from the other party; as a result of damage to your property.The process of the recovery is called subrogation.
Towing and labor Coverage
Optional coverage insurance which provides insurance if your auto needs to be towed or requires roadside assistance.
Umbrella Insurance
Provides high limits of additional coverage above the limits of your home and auto policy. In addition it provides coverage that may be excluded by other liability policies.
Uninsured Motorist Coverage
May pay for your injuries or property damage caused by an uninsured motorist; or an unidentified driver.In some cases it also includes coverage for underinsured motorists and at-fault drivers with insufficient insurance to pay your claim. The coverage is subject to the terms; limits and conditions of your policy contract.
Vehicle Identification Number(VIN)
A 17-digit number assigned to each vehicle. The number is used for identification purposes, and usually appears in the policy declarations.
