Insurance terms: Definitions you can use
Sometimes it seems like your insurance agents is speaking another langauge. Our insurance term definitions can help.
What is scheduled personal property coverage?
Scheduled personal property coverage is an optional add-on that protects high-value items like jewelry and fine art beyond standard policy limits.
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What is a homeowners insurance declarations page?
A home insurance declarations page is a summary of your policy, listing key coverages, limits, and premiums. Learn how your dec page can be a helpful resource.
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What is fair rental value coverage and how does it work?
Learn what fair rental value coverage is and how it can protect landlords from lost income when a covered loss makes the rental uninhabitable.
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What is an insurance quote, and how do I get one?
Find out what you need to know about insurance quotes, including key factors that influence premiums, how to get a quote, and expert comparison tips.
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What is an insurance endorsement?
An insurance endorsement can modify your policy to extend, reduce, or exclude coverage. Learn more about home insurance endorsements.
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What is ordinance or law coverage for homeowners?
Ordinance or law coverage is part of a standard home insurance policy. It helps cover the cost of upgrading your home to meet building codes after a covered loss.
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What is replacement cost coverage in home insurance?
Understand replacement cost coverage (RCV), how it works in home insurance, its difference from actual cash value (ACV), and the various coverage types.
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What is an insurance binder?
Binders are enforceable contracts and can act as evidence that you have coverage.
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What is hazard insurance, and how does it work?
The term hazard insurance is usually used to describe the part of your homeowners insurance that pays for structural repairs to your home. It is technically called dwelling coverage.
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Who is a policyholder?
Find out who a policyholder is for your homeowners insurance and whether that’s the same as the insured in this article from Kin.
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What is HO-5 insurance?
Is an HO-5 policy right for you? Find out in this article from Kin.
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What is an HO-4 policy? A complete guide to renters insurance
Find out what is covered by an HO-4 policy (renters insurance) — and what is not covered. Plus, learn how much HO-4 insurance most renters need.
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What homeowners need to know about the HO-8 policy
An HO8 policy is home insurance for older buildings where the replacement costs potentially exceed the market value. It's sometimes called the modified coverage form.
