Coral Financial Group Home Page Get A Quote About Us FAQ Contact Us

Coral Financial Group Auto Insurance Home Insurance Business Insurance Life Insurance Flood Insurance
Home > Glossary > H
Travelers
Progressive
Prepared
ASI
Foremost
Mercury
Universal
People's Trust
Bankers
Wright Flood
  • Main Menu
    • Home Page
    • File a Claim
    • Make a Payment
    • Refer a Friend
    • Join Our Newsletter
    • Important Links
    • Insurance Glossary
    • View our Blog (14)
    • Location Map
    • Employee Directory
    • Contact Us
    • About Us
    • Privacy Policy
  • Automobile
    • Automobile Insurance Home
    • Auto Quick Quote Sheet
    • Request an ID Card
    • Request a Declarations Page
    • Send a Copy of Your Policy to Your Leinholder
  • Homeowners
    • Homeowners Insurance Home
    • Home Quote Sheet
    • Declaration Page Request
    • Does your mortgage need proof of your insurance?
    • Condo Quote Sheet
    • Rental Property Quote Form
    • Apartment Contents Quote Form
    • Wind Only For Personal Lines Quote Request
  • Motorcycle
    • Motorcycle Insurance Home
    • Request a Motorcycle Quote
  • Business & Commercial
    • Business & Commercial Insurance Home
    • General Liability Quote Form
    • Request General Liability Certificate of Insurance
    • Commercial Auto Quote Sheet
    • Request a Certificate of Insurance
    • Workers Compensation Quote
    • Request a BOP Quote
    • Builders Risk Quote Form
  • Bonds
    • Bonds Home
    • Bond Quote Request
  • Recreational Vehicle
    • Recreational Vehicle Insurance Home
    • Recreational Vehicle Insurance Quote
  • Life
    • Life Insurance Home
    • Life Quote Form
  • Flood
    • Flood Insurance Home
    • Flood Quote Request
    • Flood Declaration Page Request for Existing Customers
    • Does your mortgage company need proof of your flood insurance?

Insurance Glossary

Insurance terms and definitions from Coral Financial Group Inc.


Coverages and benefits listed below may not be available in your state. If available, some optional coverages and benefits might be offered at an additional charge. Contact Coral Financial Group Inc. today to learn more.
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
HACKER INSURANCE
A coverage that protects businesses engaged in electronic commerce from losses caused by hackers.

HARD MARKET
A seller’s market in which insurance is expensive and in short supply.

HOMEOWNERS INSURANCE POLICY
The typical homeowners insurance policy covers the house, the garage and other structures on the property, as well as personal possessions inside the house such as furniture, appliances and clothing, against a wide variety of perils including windstorms, fire and theft. The extent of the perils covered depends on the type of policy. An all-risk policy offers the broadest coverage. This covers all perils except those specifically excluded in the policy.

Homeowners insurance also covers additional living expenses. Known as Loss of Use, this provision in the policy reimburses the policyholder for the extra cost of living elsewhere while the house is being restored after a disaster. The liability portion of the policy covers the homeowner for accidental injuries caused to third parties and/or their property, such as a guest slipping and falling down improperly maintained stairs. Coverage for flood and earthquake damage is excluded and must be purchased separately.

HOUSE YEAR
Equal to 365 days of insured coverage for a single dwelling. It is the standard measurement for homeowners insurance.

HURRICANE DEDUCTIBLE
A percentage or dollar amount added to a homeowner’s insurance policy to limit an insurer’s exposure to loss from a hurricane. Higher deductibles are instituted in higher risk areas, such as coastal regions. Specific details, such as the intensity of the storm for the deductible to be triggered and the extent of the high risk area, vary from insurer to insurer and state to state.


NOTICE: These glossary definitions provide a brief description of the terms and phrases used within the insurance industry. These definitions are not applicable in all states or for all insurance and financial products. This is not an insurance contract. Other terms, conditions and exclusions apply. Please read your official policy for full details about coverages. These definitions do not alter or modify the terms of any insurance contract. If there is any conflict between these definitions and the provisions of the applicable insurance policy, the terms of the policy control. Additionally, this informational resource is not intended to fully set out your rights and obligations or the rights and obligations of the insurance company, agent or agency. If you have questions about your insurance, you should contact your insurance agent, the insurance company, or the language of the insurance policy.

Insurance Websites Designed and Hosted by Insurance Website Builder
Glossary content provided by Insurance Information Institute and ITC

Coral Financial Group EmployeesWe are here to help!

The Coral Financial team is here to help with any and all of your insurance needs. Combined, our agency has over 40 years of insurance knowledge in personal to commercial lines of business.

We look forward to assisting you, your family and your friends with any of your insurance needs. Please do not hesitate to contact us, we look forward to speaking with you.

 
Coral Financial Group
Get A Quote Find An Agent Locations
Home|Get A Quote|About|Customer Service|Claim|Partners|Contact


Coral Financial Group
9764 W Sample Rd| Coral Springs, FL 33065
Ph: 954.345.2600| Fx: 954.345.2614
Powered by Insurance Website Builder
Social

Facebook