Coverage A · Dwelling
The most your policy pays to rebuild the main structure of your home.
Coverage B · Other Structures
Detached structures on your property, like a fence, shed, or detached garage. Usually a percentage of Coverage A.
Coverage C · Personal Property
Your belongings inside the home: furniture, clothing, electronics. Usually a percentage of Coverage A.
Coverage D · Loss of Use
Extra living expenses if a covered loss makes your home temporarily unlivable, such as a hotel while repairs happen.
Coverage E · Personal Liability
Pays if you are legally responsible for someone else’s injury or property damage, up to your policy limit.
Coverage F · Medical Payments
Small medical bills for a guest injured on your property, regardless of fault, up to a set limit.
Coverage A
The dwelling limit: the most your policy will pay to rebuild the main structure of your home.
Hurricane Deductible
A separate, usually percentage-based deductible that applies to hurricane damage, often larger than your standard deductible.
Water Backup
Coverage for water that backs up through sewers or drains, or overflows from a sump pump. It is a small add-on with its own limit, separate from flood.
Replacement Cost
Pays to repair or replace damaged property with new materials of like kind, without subtracting for age or wear.
Actual Cash Value
Pays replacement cost minus depreciation for age and wear, so older items are paid at less than what it costs to replace them.
Law And Ordinance
Helps pay the extra cost of rebuilding to current building codes after a covered loss, which a basic policy may exclude.
Named insured
The person or people the policy legally covers, listed by name on the declarations page.
Policy period
The dates your coverage is active. A renewal replaces it with a new policy period, not an extension.
Endorsement
A change or addition to the base policy, listed by form number. Endorsements can add, limit, or exclude coverage.
Premium
What you pay for the policy, usually shown as a total and broken out by coverage.
Deductible
What you pay out of pocket before insurance pays anything on a covered loss.