| A | B |
|---|
| personal property floater | purchased to cover expensive household items that homeowner's insurance may not cover |
| replacement value | a claim settlement method in which you receive the full cost of replacing an item |
| homeowners insurance | provides protection for your residence and associated risks |
| umbrella policy | supplements your basic personal liability coverage and covers you for all types of injuries |
| medical payments coverage | pays the cost of minor accident injuries caused by you, your family members, or your pet(s) which occur away from your home |
| personal property | jewelry, clothes, electronic items and other household goods |
| depreciation | the loss of value of an item as it gets older |
| actual cash value | a claim settlement method in which the payment you receive is based on the replacement cost of an item minus the depreciation |
| personal liability | protects you if others are injured on your property |
| renter's insurance | provides protection for your personal property and associated personal liability risks |
