Archive

22 May Loss Payee/ Lien Holder

A person or entity with a legally secured insurable interest in another’s property, usually a financial institution that loaned money for a car. The car is the loan collateral. If the auto is damaged in an accident, loss payments will be made to you and...

Read More

22 May Loss of Use

A provision in homeowner’s and renter’s insurance policies that reimburses policyholders for the additional costs (housing, food, and other essentials) of having to live elsewhere while the home is being restored following a disaster....

Read More

22 May Liability Coverage

Covers losses for which an insured is legally liable. For example, homeowner’s insurance liability coverage protects the policyholder against financial loss if they’re sued and found legally responsible for someone else’s injury or property damage....

Read More

22 May Liability Insurance

Auto insurance coverage that pays for injuries to the other party and damages to the other vehicle resulting from an accident the policyholder caused. It also pays if the accident was caused by someone covered by the policyholder’s policy, including a driver operating the car...

Read More