Florida Homeowners Insurance Glossary of Terms
Is known as the termination of an insurance contract prior to a policy renewal date.
This is a type of insurance program that covers liability for property damage.
Is defined as a payment needed to cover a loss that is insured by an insurance carrier.
A pseron who makes a claim on an insurance policy.
Is understood as the shared risk between an insurance carrier and a policy holder.
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.