Glossary
Plain-language definitions of insurance terms.
- Death Benefit
- The amount an insurer pays to the beneficiaries when the insured person dies, as stated in the policy.
- Declarations Page
- The summary at the front of an insurance policy listing the named insured, coverages, limits, deductibles, premium, and policy period. Read this first.
- Deductible
- The amount you pay out of pocket on a covered claim before your insurance starts paying.
- Diminished Value
- The loss in resale value a vehicle may suffer after being repaired from an accident. Whether you can recover it from an insurer depends on the claim and your st...
- Dwelling Coverage
- The part of a homeowners policy that pays to repair or rebuild the physical structure of your home from a covered loss.
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