PERSONAL INSURANCE

HOMEOWNERS

A form of property insurance that covers losses and damages to an individual's house and to assets in the home. Homeowners insurance also provides liability coverage against accidents in the home or on the property.

PERSONAL ARTICLES

In the insurance world, "personal articles" are items covered by a special endorsement added to a policy. Some of these items are subject to special limits that may mean that you do not have the coverage that you need unless you purchase additional coverage. Examples are: Jewelry or Furs.

FLOOD

An overflowing of a large amount of water beyond its normal confines, especially over what is normally dry land. Standard homeowners insurance doesn't cover flood damage at all. FACT: You may be required to have flood insurance. Congress has mandated federally regulated or insured lenders to require flood insurance on mortgaged properties that are located in areas at high risk of flooding

AUTO

Auto insurance protects you against financial loss if you have an accident. ... You agree to pay the premium and the insurance company agrees to pay your losses as defined in your policy. Auto insurance provides property, liability, and medical coverage.

BUILDERS RISK

Is "coverage that protects a person's or organization's insurable interest in materials, fixtures and/or equipment being used in the construction or renovation of a building or structure should those items sustain physical loss or damage from a covered cause."

UMBRELLA

An umbrella insurance policy is extra liability insurance coverage that goes beyond the limits of the insured's home, auto or watercraft insurance. It provides an additional layer of security to those who are at risk for being sued for damages to other people's property or injuries caused to others in an accident.

WATERCRAFT

Watercraft insurance is an insurance policy that provides coverage for boats and personal watercraft. Watercraft insurance, also known as boat and personal watercraft insurance, often includes towing and wreckage removal, as well as fuel spills indemnification.