Florida Homeowners Insurance Glossary of Terms

A (7) B (6) C (6) D (3) E (2) F (2) G (1) H (2) I (2) L (2) M (2) N (2) O (2) P (2) Q (2) R (2) S (2) T (2) U (2) W (3)
A.M. Best Company:

Large firm that offers ratings on insurance companies and have the authority to offer financial stability ratings based on a propriety system


A fortutious circumstance, quality, or characteristic, an undesirable or unfortunate item that occurs.

Adjusted Basis:

Is the overall net cost of an asset (home) after you finish up adjusting for all tax-related items


Is an individual that conducts a full investigation and trys to settle insurance claims for insurance carriers.


A licensed professional of a captive insurance company or an independent licensed representative that can sell insurance policies.


is understood as an increase in the value or price of an asset.

Assessed Value:

The dollar amount assigned to a home for purposes of getting the correct taxability of the property.