Personal Glossary

Personal Glossary

This list includes some of the most common Personal Lines insurance coverages. This list is not all-inclusive as there are other coverages available to suit various needs.  If you need a Personal Lines coverage not listed, be sure to contact your local INSPRO office today.

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


A


Automobile Insurance
Automobile Insurance provides liability coverage for your personal-use vehicles.  You can also elect to include physical damage coverage on the policy.  Special Antique and Classic Car Programs are also available.


B


Boat Insurance
Boat Insurance provides liability coverage for your recreational boating needs.  You can also elect to include physical damage coverage on the policy.


C


Condo Unit Owners Insurance
Condo Unit Owners Insurance is available for condominium unit owners.  Both property and liability coverages are provided in this package policy.


D


Disability Insurance
Disability Insurance covers loss of income in the event of disability per the terms of the policy.  It can pay a percentage of your salary for a certain period of time as specified in your policy.


H


Health Insurance
Health Insurance is available in various coverage formats such as Catastrophic Plans, High Deductible Plans with Health Savings Accounts, Major Medical, PPO Plans and HMO Plans.  Medicare Supplements and Medicare Part D Plans (prescription drug coverage) are also available.


Homeowners Insurance
Homeowners Insurance is available in a  package policy which includes both property and liability coverage. Your primary dwelling as well as secondary dwellings such as vacation homes can be covered.


I


Identity Theft Insurance
Identity Theft Insurance can reimburse you for expenses incurred as a result of identity theft and the time-consuming process of cleaning up the mess left behind when someone steals your identity.  Policies vary in the types of expenses covered, but they only reimburse you for certain costs associated with resolving the case, not the money that was actually stolen from you.

J


Jewelry/Cameras/Fine Arts Insurance
Insurance coverage is available for your Jewelry, Cameras, Fine Arts and other valuables in case of loss. Items are specifically scheduled and this coverage can be included with your Homeowners, Renters or Condo Unit Owners policies.


L


Life Insurance
Life Insurance can provide a lump sum or annuitized payment to designated beneficiaries in the event of the named insured's death.  Life Insurance is available in various types of policies and generally, life insurance death benefits are non-taxable.



Long Term Care Insurance
Long Term Care Insurance can help to provide for the cost of care in a nursing home or assisted living facility if the insured qualifies per the conditions of the policy.  Generally, this includes being unable to perform basic activities of daily living.


M


Motorcycle Insurance
Motorcycle Insurance provides liability coverage and you can also elect to include physical damage coverage on the policy.  Many companies have special terms available to allow for seasonal use.


R


Recreational Vehicle Insurance
Recreational Vehicle Insurance can include liability coverage for various types of recreational vehicles such as campers, snowmobiles, all-terrain vehicles, etc..  You can also elect to include physical damage coverage on the policy.


Renters Insurance
Renters Insurance includes both property and liability coverage for people who rent their living space, either homes or apartments.


U


Umbrella Liability Insurance
Umbrella Liability Insurance adds a higher level of liability protection above your primary auto and homeowners policies.