Replacement Cost Coverage–In the event of a covered loss, you may be reimbursed for the cost you incur to replace many of your damaged contents with similar property, brand new. The total amount you’d be reimbursed is subject to the terms and conditions of your particular policy, including applicable deductible and coverage limits.
Actual Cash Value—In the event of a covered loss, you’ll be paid the current replacement cost of what you lost, minus depreciation.
Additional Living Expenses Coverage—With this coverage, you will receive the stated amount in the policy for the living expenses necessary to maintain your normal standard of living when a direct physical loss makes your residence premises uninhabitable.
Bodily Injury–Means physical harm to the body including sickness or disease, and resulting death.
Deductible–The portion of a covered loss that you agree to pay before the insurance company becomes responsible for payment under the policy. A larger deductible usually means a lower premium.
Guest Medical Coverage–Provides protection for your guest, who are accidentally injured on your property as a result of a covered loss. This protection pays for the reasonable and necessary medical expenses they incur, regardless of who was at fault.
Liability Protection–This typically provides coverage if you, as an insured person, are legally obligated to pay damages due to bodily injury of others or for damage to their property arising out of a covered loss.
Personal Property Protection–Provides protection against covered loss to movable property like a stereo, bicycle, furniture or clothing.
Protection for Other Structures–Protects an insured’s structures which are separated from the dwelling by a clear space.