Insurance Glossary

Personal Liability Coverage

Property

Definition

Protection against lawsuits for bodily injury or property damage that you or family members cause to others, typically included in homeowners and renters insurance policies.

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Related Terms

Homeowners Insurance

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

Actual Cash Value

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

Collision Coverage

Insurance coverage that pays for damage to your vehicle resulting from a collision with another vehicle or object.

Comprehensive Coverage

Insurance coverage for damage to your vehicle from causes other than collision, such as theft, vandalism, fire, weather events, or hitting an animal.

The scope of protection provided under an insurance policy, including the types of losses and risks that are covered.

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