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)
Cancellation:

Is known as the termination of an insurance contract prior to a policy renewal date.

Casualty Insurance:

This is a type of insurance program that covers liability for property damage.  

Claim:

Is defined as a payment needed to cover a loss that is insured by an insurance carrier.

Claimant:

A pseron who makes a claim on an insurance policy.  

Coinsurance:

Is understood as the shared risk between an insurance carrier and a policy holder. 

Coverage:

The coverage amount an insurance company offers for protection under the policy. This is known as a a fixed dollar amount or a type of loss.