An additional charge placed on the initial premium to reflect the cost of issuing a policy, establishing records and other expenses.

The date when an insurance policy expires. This date can be found on the current Declaration (or “Dec”) page, insurance identification card, or recent cancellation notice.

Provisions which state the rights and duties of the insured or insurer.

The person who initiates a lawsuit. Also called a claimant.

The section of an automobile policy that provides cover for damage to the insured vehicle. It may cover all perils, collision or upset, all perils other than collision or upset (comprehensive) or specified perils.

Theft coverage on personal property. Most often part of a Homeowner contract.

See Floater.

The maximum amount a policy will pay, either overall or under a particular coverage.

Home insurance covers the contents of a home and other personal property that the named insured and members of the household own, wear or use (including clothing, cameras, furniture, etc.) while on the premises. It may even cover personal property…