Policy coverages and explanations can sometimes be a little difficult to understand, and with so many different coverages and needs, we understand it can be overwhelming. Here are some general insurance terms that’ll let you better understand your policy.

Peril: A specifically defined risk, such as fire, hail, wind, etc.

Deductible: The amount you agree to pay out of pocket before your insurance coverage kicks in

Declarations page: This is the contract between you and the insurance company. It describes vital information such as who owns the policy, what property is covered and for how much.

Liability: Your responsibility for injuries or damage to other people or property. You purchase insurance to protect against liability and other risks.

Underwriting: The evaluation process insurance companies use to determine if they can provide the correct and necessary coverage to a customer.

Dwelling: A house, condominium, apartment or other place of residence. Otherwise known as the structure/frame you live in.

We encourage you to review your policy declarations page and understand the coverages being offered. If you have any question please call customer service at 1-800-234-2103.