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Home Insurance
Terms & Definitions
How familiar are you with homeowners insurance policy jargon?
Click on each of the features on the left to view the definition of each.
| Replacement Cost |
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Cost to replace property without consideration of depreciation. |
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| Deductible |
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Portion of loss paid by insured before insurance company pays its share of claim. |
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| Peril |
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Event that causes loss, e.g., fire, lightning, or hail. |
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| Loss |
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Personal injury or property damage (yours or someone else's) caused by a covered peril or your negligence. |
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| Endorsements |
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Amendment affecting insurance policy's coverage, may exclude or add coverage. |
AIG VALIC is the marketing name for the family of companies comprising VALIC Financial Advisors, Inc.; VALIC Retirement Services Company; VALIC Trust Company; and The Variable Annuity Life Insurance Company (VALIC); members of American International Group, Inc.
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