Common Insurance Terms

Coverage that will pay for the re-customizing of your bike with the aftermarket equipment you previously purchased.  For example, a custom made seat.

Provides for payment of an additional death benefit when death occurs accidentally before the age of 70.

Additional Living Expense can help by reimbursing you for reasonable increases in living expenses when a loss covered makes your home uninhabitable.  This may include payments, food, the cost of rent, hotel, food, and other expenses.

It covers damages associated with your boat trailer up to the selected policy limits of your choice.

Provides liability coverage for using your truck on personal time, without a trailer attached on Deadhead Trips.  For example, you complete your haul and drop off the trailer and are on your way to pick up a new load and trailer and slide on ice and hit the car next to you.  It will cover the damage done to the person's car, medical bills, and legal fees if they decide to sue you.

Bodily Injury Liability helps protect you from paying medical costs, loss of income, and funeral expenses of other people involved in an accident that you were deemed at fault.

Covers your building and fixtures and other installed machinery.

Replaces your lost income for up to 12 months if you have to close for repairs due to a covered loss temporarily.

Combines the liability and property of your business together in a package policy, with broad coverages and the ability to add on many optional endorsements.

Covers damage your building or buildings' contents due to a covered loss such as theft and fire.

Provides level term coverage on the insured's children, up to $10,000 each.  Protection on each child begins following their 14th day of life and continues to age 25 when coverage may be converted up to five times the initial benefit amount.

Collision Coverage pays for damage to your car if you collide with another car or something else, such as a building, bridge, or tree.

Commercial auto insurance provides a wide variety of coverages for vehicles used by your business.

Comprehensive Coverage pays for damage or loss to your vehicle caused by something other than a collision with another car, such as theft, fire, vandalism, windstorm or hail, and hitting an animal.

Commercial Umbrella Insurance provides an extra layer of liability protection by covering your business above and beyond your other policy's liability coverage limits.

Cyber liability insurance provides businesses with coverage options to help protect their company from data breaches and other cyber security issues. 

Your Dwelling is covered under your policy and includes your home and structures, such as a garage or deck attached to your home.

Pays for the cost to replace or restore eligible electronic data in the event of a covered loss.

Protects your equipment from damage due to a power surge or mechanical failure.

Helps cover any medical expenses and bodily injury/property damages you and your employees are legally responsible for

Group Health Insurance provides coverage to a group, usually company employees or members of an organization. 

Guest Medical Protection can help pay for reasonable and necessary medical expenses if someone is injured in an accident on your property.

Individual Health Insurance is coverage that you purchase on your own, on an individual or family basis, instead of having insurance through your employer.

Long-Term Care Insurance allows you to transfer some of the cost for care to help preserve your wealth. You can choose a facility daily benefit amount between a $50 minimum and a $250 maximum, as well as a benefit period and waiting period.

Provides insurance on the commodities being hauled by the driver.  This includes your liability for the cargo if it is either damaged or lost due to a covered claim such as an accident or theft.  The coverage limit is set by the insured and has a separate deductible.

Provides liability coverage when you use your truck on your day off for, say, visiting friends or any non-work-related reason while driving your work truck. For example, it will pay for the medical expenses or damages to other people's property in the event of an accident.

Other Structures are covered under your policy and include buildings, such as a detached garage or storage shed, separate from the house.

Personal Injury Protection Coverage will help pay for the medical services you receive.  This can include hospital bills, surgeries, x-rays, and more.

Personal Liability helps protect you if someone sues you for damages after being injured on your property.

Personal Property such as furniture, appliances, clothing, and other contents are typically covered.

It helps you pay for damage to your boat if you're involved in an accident or your boat is damaged while docked, in motion, or storage.

Property Damage Liability helps protect you from paying out of pocket for the repair or replacement of another driver's car.  This also covers other people's property, such as fences, barns,/sheds to name a few.

Rental Car Coverage repays you for the cost of renting a car while yours is in the shop being repaired due to a covered accident, up to your selected limit.

Roadside Assistance Coverage pays for towing and basic roadside assistance such as a flat tire up to your selected limit.

With Term Life Insurance, you choose the policy's length of time, usually 10-30 years, and the amount of coverage based on your individual needs.  Your payments stay the same over the length of policy that you choose.

Provides you Physical Damage coverage for trailers that are being pulled under a trailer interchange agreement (Non-Owned Trailers).  This covers if the trailer is damaged due to collision, theft, and vandalism for example.

It helps pay for injuries you, your family, or anyone on your boat sustains due to an accident with an uninsured boater.

Uninsured and Underinsured motorist coverage will help pay for your and your passenger's medical expenses, as well as repairs or replacement of your vehicle if the other driver has nonsufficient or no insurance.

It helps pay for property damage or bodily injury for which you are legally responsible in the case of an accident.

It helps pay for some of your medical costs or funeral expenses if you or anyone on your boat is injured in an accident.

Provides long-term protection that may last your entire life while building guaranteed cash value. The minimum amount of coverage available is usually $10,000-$100,000 depending on the company.

Worker's compensation provides coverage for medical expenses, lost wages, and rehabilitation costs to your employees who are injured or become ill during their job.