Insurance in plain english

Quick definitions of common insurance terms you’ll see in your policy.

Pays what something is worth today after accounting for age, wear, and tear.

A policy where you and the insurer agree upfront on what your item is worth, and that’s what gets paid if it’s a total loss.

Helps replace lost income and pay ongoing expenses if your business has to temporarily close due to a covered claim.

Pays for damage to your vehicle when you hit another car or object.

Pays for damage to your vehicle caused by things like weather, theft, animals, or vandalism.

An add-on to your policy that provides coverage specifically for your dock.

Insurance that protects your golf cart for damage and liability when used beyond your property.

Helps pay for temporary living expenses if your home becomes unlivable after a covered loss.

Pays what it costs today to replace or rebuild something new at current prices.

Helps cover your expenses if the other driver doesn’t have enough insurance to fully pay for the damage.

Protects you if you’re injured by a driver who has no insurance.

The amount you pay out of pocket for storm damage, which is often separate from your regular deductible.