those terms on my policy?!
This Glosary will help
- Dwelling: Building structure
- Other Structures: Structures outside your home, in your patio, like a gazebo for example
- Loss of Use: What the policy will pay to provide you with a place to stay should your house become inhabitable due to a loss
- Liability: Coverage damages to third parties
- AOP: All other perils, refers to the deductible for everything other than Windstorm/Hurricane
- Collision: Damages to your car in an accident
- Comprehensive: Damages to your car not caused by a moving accident like a branch of a tree falling on your auto
- UM: Uninsured Motorist, coverage that will pay part of your medical expenses in the event you are hit by a driver that does not have insurance, does not carry enough coverage, carries coverage from a financially unstable insurance company or is a hit and run
- PIP: Personal Injury Protection. Part of auto insurance, it covers medical expenses regardless of who's at fault, in some case coverage will include lost wages
- Replacement Cost: The cost to build or replace the property insured, not related to the market value, the loan associated with your property of the purchase price