Homeowners Insurance

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.

Insurance coverage for unforeseen bodily injury resulting from an accident.

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.

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