Glossary
Plain-language definitions of insurance terms.
- Landlord Insurance
- Coverage for a property you rent out to others, typically including the dwelling, liability, and lost rental income. It does not cover a tenant's belongings.
- Lapse
- The end of insurance coverage because a premium was not paid within the grace period. Reinstating a lapsed policy may require a new application or a higher prem...
- Liability Coverage
- Coverage for harm you cause to others. The auto, homeowners, and umbrella policies all have liability components, with different scopes.
- Loss
- Damage, injury, or other event covered by an insurance policy that triggers a claim payment.
- Loss of Use Coverage
- Homeowners or renters coverage that pays the extra cost of living elsewhere, such as hotel and meals, while your home is uninhabitable after a covered loss.
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