Your insurance declarations page is full of jargon. We break down key coverage terms so you can read your policy like a pro.
The amount you pay (monthly or annual) to keep your coverage in force.
The out-of-pocket amount you pay before coverage applies.
The maximum the insurer will pay for a covered loss.
Events or property not covered by your policy.
Riders added to modify coverage (e.g., jewelry, flood).
Specific cap within a broader limit (e.g., water backup sublimit).
The cause of loss (fire, theft, windstorm).