Insurance Glossary

Homeowners Insurance

Property

Definition

Insurance coverage that protects your home and personal property against damage, theft, and liability claims.

Definición en Español

ES

Seguro de Propietarios de Vivienda

Cobertura de seguro que protege su hogar y propiedad personal contra daños, robo y responsabilidad civil.

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Related Terms

Liability Coverage

Insurance that covers legal responsibility for injuries or damage caused to others or their property.

The amount you must pay out-of-pocket before your insurance coverage begins to pay for covered losses.

Accident Insurance

Insurance coverage for unforeseen bodily injury resulting from an accident.

Actual Cash Value

The repayment value for indemnification due to loss or damage of property; in most cases it is replacement cost minus depreciation.

The decrease in value of property over time due to wear, tear, age, or obsolescence.

Replacement Cost

The cost to replace damaged or destroyed property with new property of similar kind and quality, without deduction for depreciation.

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