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• An amount equivalent to the replacement cost of lost or damaged property at the time of the loss, less depreciation.

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  Cite Definition for Actual cash value

  American Psychological Association (APA)

  Actual cash value. (n.d.). Homeowners Insurance Glossary. Retrieved June 6, 2023, from website: http://www.expertglossary.com/definition/actual-cash-value.

  Chicago Manual of Style (CMS)

  Actual cash value. www.nd.gov. Homeowners Insurance Glossary. North Dakota Insurance Department. http://www.expertglossary.com/definition/actual-cash-value (accessed: June 6, 2023).

  Modern Language Association (MLA)

  "Actual cash value." Homeowners Insurance Glossary. North Dakota Insurance Department. 6 June. 2023 http://www.expertglossary.com/definition/actual-cash-value.

• Browse Related Terms: Actual cash value, Actual cash value (ACV), Additional Living Expenses, Additional living expenses (ALE), Depreciation, Earthquake Insurance, Exclusion, flood insurance, Full Replacement Policy, Guaranteed Replacement Cost Coverage, Justified complaint, Loss of use, Renters insurance, Replacement Cost

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• Replacement cost less depreciation, considering the age and condition of your property.

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  Cite Definition for Actual cash value (ACV)

  American Psychological Association (APA)

  Actual cash value (ACV). (n.d.). Glossary of Homeowner Insurance Terms. Retrieved June 6, 2023, from website: http://www.expertglossary.com/definition/actual-cash-value-acv.

  Chicago Manual of Style (CMS)

  Actual cash value (ACV). Glossary of Homeowner Insurance Terms. Utah Insurance Department. http://www.expertglossary.com/definition/actual-cash-value-acv (accessed: June 6, 2023).

  Modern Language Association (MLA)

  "Actual cash value (ACV)." Glossary of Homeowner Insurance Terms. Utah Insurance Department. 6 June. 2023 http://www.expertglossary.com/definition/actual-cash-value-acv.

• The value of your property, based on the current cost to replace it minus depreciation. Also see “replacement cost.”

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  Cite Definition for Actual cash value (ACV)

  American Psychological Association (APA)

  Actual cash value (ACV). (n.d.). Glossary of Common Homeowners Insurance Terms. Retrieved June 6, 2023, from website: http://www.expertglossary.com/definition/actual-cash-value-acv.

  Chicago Manual of Style (CMS)

  Actual cash value (ACV). www.tdi.texas.gov. Glossary of Common Homeowners Insurance Terms. Texas Department of Insurance and Office of Public Insurance Counsel. http://www.expertglossary.com/definition/actual-cash-value-acv (accessed: June 6, 2023).

  Modern Language Association (MLA)

  "Actual cash value (ACV)." Glossary of Common Homeowners Insurance Terms. Texas Department of Insurance and Office of Public Insurance Counsel. 6 June. 2023 http://www.expertglossary.com/definition/actual-cash-value-acv.

• Browse Related Terms: Actual cash value, Actual cash value (ACV), Additional Living Expenses, Additional living expenses (ALE), Depreciation, Earthquake Insurance, Exclusion, flood insurance, Full Replacement Policy, Guaranteed Replacement Cost Coverage, Justified complaint, Loss of use, Renters insurance, Replacement Cost

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• Pays expenses over and above your normal living costs (motel rooms, restaurant meals, and laundry service) while your home is being repaired or rebuilt after damage from an insured loss.

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  Cite Definition for Additional Living Expenses

  American Psychological Association (APA)

  Additional Living Expenses. (n.d.). Glossary of Homeowner Insurance Terms. Retrieved June 6, 2023, from website: http://www.expertglossary.com/definition/additional-living-expenses.

  Chicago Manual of Style (CMS)

  Additional Living Expenses. Glossary of Homeowner Insurance Terms. Utah Insurance Department. http://www.expertglossary.com/definition/additional-living-expenses (accessed: June 6, 2023).

  Modern Language Association (MLA)

  "Additional Living Expenses." Glossary of Homeowner Insurance Terms. Utah Insurance Department. 6 June. 2023 http://www.expertglossary.com/definition/additional-living-expenses.

• Browse Related Terms: Actual cash value, Actual cash value (ACV), Additional Living Expenses, Additional living expenses (ALE), Depreciation, Earthquake Insurance, Exclusion, flood insurance, Full Replacement Policy, Guaranteed Replacement Cost Coverage, Justified complaint, Loss of use, Renters insurance, Replacement Cost

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• Reimburses the policyholder for the cost of temporary housing, food, and other essential living expenses, if the home is damaged by a covered peril that makes the home temporarily uninhabitable. Policies cap the amount of ALE payable to 20 percent of the policy’s dwelling coverage.

  Texas Department of Insurance and Office of Public Insurance Counsel - Cite This Source - This Definition
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  Cite Definition for Additional living expenses (ALE)

  American Psychological Association (APA)

  Additional living expenses (ALE). (n.d.). Glossary of Common Homeowners Insurance Terms. Retrieved June 6, 2023, from website: http://www.expertglossary.com/definition/additional-living-expenses-ale.

  Chicago Manual of Style (CMS)

  Additional living expenses (ALE). www.tdi.texas.gov. Glossary of Common Homeowners Insurance Terms. Texas Department of Insurance and Office of Public Insurance Counsel. http://www.expertglossary.com/definition/additional-living-expenses-ale (accessed: June 6, 2023).

  Modern Language Association (MLA)

  "Additional living expenses (ALE)." Glossary of Common Homeowners Insurance Terms. Texas Department of Insurance and Office of Public Insurance Counsel. 6 June. 2023 http://www.expertglossary.com/definition/additional-living-expenses-ale.

• Browse Related Terms: Actual cash value, Actual cash value (ACV), Additional Living Expenses, Additional living expenses (ALE), Depreciation, Earthquake Insurance, Exclusion, flood insurance, Full Replacement Policy, Guaranteed Replacement Cost Coverage, Justified complaint, Loss of use, Renters insurance, Replacement Cost

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• A person who investigates and settles losses for an insurance carrier.

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  Cite Definition for Adjuster

  American Psychological Association (APA)

  Adjuster. (n.d.). Homeowners Insurance Glossary. Retrieved June 6, 2023, from website: http://www.expertglossary.com/definition/adjuster.

  Chicago Manual of Style (CMS)

  Adjuster. www.nd.gov. Homeowners Insurance Glossary. North Dakota Insurance Department. http://www.expertglossary.com/definition/adjuster (accessed: June 6, 2023).

  Modern Language Association (MLA)

  "Adjuster." Homeowners Insurance Glossary. North Dakota Insurance Department. 6 June. 2023 http://www.expertglossary.com/definition/adjuster.

• An individual employed by an insurer to evaluate losses and settle policyholder claims. Also see “public insurance adjuster.”

  Texas Department of Insurance and Office of Public Insurance Counsel - Cite This Source - This Definition
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  Cite Definition for Adjuster

  American Psychological Association (APA)

  Adjuster. (n.d.). Glossary of Common Homeowners Insurance Terms. Retrieved June 6, 2023, from website: http://www.expertglossary.com/definition/adjuster.

  Chicago Manual of Style (CMS)

  Adjuster. www.tdi.texas.gov. Glossary of Common Homeowners Insurance Terms. Texas Department of Insurance and Office of Public Insurance Counsel. http://www.expertglossary.com/definition/adjuster (accessed: June 6, 2023).

  Modern Language Association (MLA)

  "Adjuster." Glossary of Common Homeowners Insurance Terms. Texas Department of Insurance and Office of Public Insurance Counsel. 6 June. 2023 http://www.expertglossary.com/definition/adjuster.

• Browse Related Terms: Adjuster, Agency, Claims Adjuster, Independent adjuster, Insurer, Public Adjuster, Public insurance adjuster, Staff adjuster

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• A firm that solicits insurance for one or more insurance carriers. It also may issue policies and adjust losses.

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  Cite Definition for Agency

  American Psychological Association (APA)

  Agency. (n.d.). Homeowners Insurance Glossary. Retrieved June 6, 2023, from website: http://www.expertglossary.com/definition/agency.

  Chicago Manual of Style (CMS)

  Agency. www.nd.gov. Homeowners Insurance Glossary. North Dakota Insurance Department. http://www.expertglossary.com/definition/agency (accessed: June 6, 2023).

  Modern Language Association (MLA)

  "Agency." Homeowners Insurance Glossary. North Dakota Insurance Department. 6 June. 2023 http://www.expertglossary.com/definition/agency.

• Browse Related Terms: Adjuster, Agency, Claims Adjuster, Independent adjuster, Insurer, Public Adjuster, Public insurance adjuster, Staff adjuster

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• A representative who sells insurance for one or more companies.

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  Cite Definition for agent

  American Psychological Association (APA)

  agent. (n.d.). Glossary of Homeowner Insurance Terms. Retrieved June 6, 2023, from website: http://www.expertglossary.com/definition/agent.

  Chicago Manual of Style (CMS)

  agent. Glossary of Homeowner Insurance Terms. Utah Insurance Department. http://www.expertglossary.com/definition/agent (accessed: June 6, 2023).

  Modern Language Association (MLA)

  "agent." Glossary of Homeowner Insurance Terms. Utah Insurance Department. 6 June. 2023 http://www.expertglossary.com/definition/agent.

• An insurance salesperson. An agent represents the insurance company, not the consumer. A) An independent agent usually represents two or more insurers in a sales and service capacity and is paid on a commission basis. B) An exclusive agent or captive agent represents only one company, usually on a commission basis.

  North Dakota Insurance Department - Cite This Source - This Definition
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  Cite Definition for agent

  American Psychological Association (APA)

  agent. (n.d.). Homeowners Insurance Glossary. Retrieved June 6, 2023, from website: http://www.expertglossary.com/definition/agent.

  Chicago Manual of Style (CMS)

  agent. www.nd.gov. Homeowners Insurance Glossary. North Dakota Insurance Department. http://www.expertglossary.com/definition/agent (accessed: June 6, 2023).

  Modern Language Association (MLA)

  "agent." Homeowners Insurance Glossary. North Dakota Insurance Department. 6 June. 2023 http://www.expertglossary.com/definition/agent.

• A person who sells insurance policies.

  Texas Department of Insurance and Office of Public Insurance Counsel - Cite This Source - This Definition
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  Cite Definition for agent

  American Psychological Association (APA)

  agent. (n.d.). Glossary of Common Homeowners Insurance Terms. Retrieved June 6, 2023, from website: http://www.expertglossary.com/definition/agent.

  Chicago Manual of Style (CMS)

  agent. www.tdi.texas.gov. Glossary of Common Homeowners Insurance Terms. Texas Department of Insurance and Office of Public Insurance Counsel. http://www.expertglossary.com/definition/agent (accessed: June 6, 2023).

  Modern Language Association (MLA)

  "agent." Glossary of Common Homeowners Insurance Terms. Texas Department of Insurance and Office of Public Insurance Counsel. 6 June. 2023 http://www.expertglossary.com/definition/agent.

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• The request for insurance, giving information about the prospective policyholder.

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  Cite Definition for application

  American Psychological Association (APA)

  application. (n.d.). Homeowners Insurance Glossary. Retrieved June 6, 2023, from website: http://www.expertglossary.com/definition/application.

  Chicago Manual of Style (CMS)

  application. www.nd.gov. Homeowners Insurance Glossary. North Dakota Insurance Department. http://www.expertglossary.com/definition/application (accessed: June 6, 2023).

  Modern Language Association (MLA)

  "application." Homeowners Insurance Glossary. North Dakota Insurance Department. 6 June. 2023 http://www.expertglossary.com/definition/application.

• A form you fill out with information about you that an insurance company will use to decide whether to issue you a policy and how much to charge.

  Texas Department of Insurance and Office of Public Insurance Counsel - Cite This Source - This Definition
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  Cite Definition for application

  American Psychological Association (APA)

  application. (n.d.). Glossary of Common Homeowners Insurance Terms. Retrieved June 6, 2023, from website: http://www.expertglossary.com/definition/application.

  Chicago Manual of Style (CMS)

  application. www.tdi.texas.gov. Glossary of Common Homeowners Insurance Terms. Texas Department of Insurance and Office of Public Insurance Counsel. http://www.expertglossary.com/definition/application (accessed: June 6, 2023).

  Modern Language Association (MLA)

  "application." Glossary of Common Homeowners Insurance Terms. Texas Department of Insurance and Office of Public Insurance Counsel. 6 June. 2023 http://www.expertglossary.com/definition/application.

• A signed request for insurance, giving information about the individual requesting insurance.

  Utah Insurance Department - Cite This Source - This Definition
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  Cite Definition for application

  American Psychological Association (APA)

  application. (n.d.). Glossary of Homeowner Insurance Terms. Retrieved June 6, 2023, from website: http://www.expertglossary.com/definition/application.

  Chicago Manual of Style (CMS)

  application. Glossary of Homeowner Insurance Terms. Utah Insurance Department. http://www.expertglossary.com/definition/application (accessed: June 6, 2023).

  Modern Language Association (MLA)

  "application." Glossary of Homeowner Insurance Terms. Utah Insurance Department. 6 June. 2023 http://www.expertglossary.com/definition/application.

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• A survey of property made to determine its insurable value.

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  Cite Definition for Appraisal

  American Psychological Association (APA)

  Appraisal. (n.d.). Glossary of Homeowner Insurance Terms. Retrieved June 6, 2023, from website: http://www.expertglossary.com/definition/appraisal.

  Chicago Manual of Style (CMS)

  Appraisal. Glossary of Homeowner Insurance Terms. Utah Insurance Department. http://www.expertglossary.com/definition/appraisal (accessed: June 6, 2023).

  Modern Language Association (MLA)

  "Appraisal." Glossary of Homeowner Insurance Terms. Utah Insurance Department. 6 June. 2023 http://www.expertglossary.com/definition/appraisal.

• An evaluation of a home insurance property claim by an authorized person to determine property value or damaged property value. Many policies provide an “appraisal” process to resolve claim disputes. In this process, you and the insurance company hire separate damage appraisers. The two appraisers choose a third appraiser to act as an “umpire.” The appraisers then review your claim, and the umpire rules on any disagreements. The umpire's decision is binding on you and the insurance company, but only for the loss amount. If there is a dispute over what is covered, you can still pursue a settlement of the coverage issue after the appraisal takes place. You are required to pay for your appraiser and half of the umpire's costs.

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  Cite Definition for Appraisal

  American Psychological Association (APA)

  Appraisal. (n.d.). Glossary of Common Homeowners Insurance Terms. Retrieved June 6, 2023, from website: http://www.expertglossary.com/definition/appraisal.

  Chicago Manual of Style (CMS)

  Appraisal. www.tdi.texas.gov. Glossary of Common Homeowners Insurance Terms. Texas Department of Insurance and Office of Public Insurance Counsel. http://www.expertglossary.com/definition/appraisal (accessed: June 6, 2023).

  Modern Language Association (MLA)

  "Appraisal." Glossary of Common Homeowners Insurance Terms. Texas Department of Insurance and Office of Public Insurance Counsel. 6 June. 2023 http://www.expertglossary.com/definition/appraisal.

• Browse Related Terms: Appraisal, Arbitration, Covered Expenses, Escrow, Inspection Report, Liability Coverage, Liability insurance, Negligence, Private Mortgage Insurance (PMI), Property damage, Single interest insurance, Watercraft Endorsement

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• Referral to impartial but knowledgeable parties when the company and the claimant cannot agree on the value of a claim. The arbitrator's decision is binding on both parties.

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  Cite Definition for Arbitration

  American Psychological Association (APA)

  Arbitration. (n.d.). Glossary of Homeowner Insurance Terms. Retrieved June 6, 2023, from website: http://www.expertglossary.com/definition/arbitration.

  Chicago Manual of Style (CMS)

  Arbitration. Glossary of Homeowner Insurance Terms. Utah Insurance Department. http://www.expertglossary.com/definition/arbitration (accessed: June 6, 2023).

  Modern Language Association (MLA)

  "Arbitration." Glossary of Homeowner Insurance Terms. Utah Insurance Department. 6 June. 2023 http://www.expertglossary.com/definition/arbitration.

• A determination made by impartial experts of the value of property or the extent of damage. Arbitration is an alternative to litigation of matters in dispute.

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  Cite Definition for Arbitration

  American Psychological Association (APA)

  Arbitration. (n.d.). Homeowners Insurance Glossary. Retrieved June 6, 2023, from website: http://www.expertglossary.com/definition/arbitration.

  Chicago Manual of Style (CMS)

  Arbitration. www.nd.gov. Homeowners Insurance Glossary. North Dakota Insurance Department. http://www.expertglossary.com/definition/arbitration (accessed: June 6, 2023).

  Modern Language Association (MLA)

  "Arbitration." Homeowners Insurance Glossary. North Dakota Insurance Department. 6 June. 2023 http://www.expertglossary.com/definition/arbitration.

• Browse Related Terms: Appraisal, Arbitration, Covered Expenses, Escrow, Inspection Report, Liability Coverage, Liability insurance, Negligence, Private Mortgage Insurance (PMI), Property damage, Single interest insurance, Watercraft Endorsement

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• A temporary insurance contract that provides proof of coverage until you receive a permanent policy. A binder is subject to payment of a premium.

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  Cite Definition for Binder

  American Psychological Association (APA)

  Binder. (n.d.). Homeowners Insurance Glossary. Retrieved June 6, 2023, from website: http://www.expertglossary.com/definition/binder.

  Chicago Manual of Style (CMS)

  Binder. www.nd.gov. Homeowners Insurance Glossary. North Dakota Insurance Department. http://www.expertglossary.com/definition/binder (accessed: June 6, 2023).

  Modern Language Association (MLA)

  "Binder." Homeowners Insurance Glossary. North Dakota Insurance Department. 6 June. 2023 http://www.expertglossary.com/definition/binder.

• A temporary insurance contract that provides proof of coverage until you receive a permanent policy.

  Texas Department of Insurance and Office of Public Insurance Counsel - Cite This Source - This Definition
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  Cite Definition for Binder

  American Psychological Association (APA)

  Binder. (n.d.). Glossary of Common Homeowners Insurance Terms. Retrieved June 6, 2023, from website: http://www.expertglossary.com/definition/binder.

  Chicago Manual of Style (CMS)

  Binder. www.tdi.texas.gov. Glossary of Common Homeowners Insurance Terms. Texas Department of Insurance and Office of Public Insurance Counsel. http://www.expertglossary.com/definition/binder (accessed: June 6, 2023).

  Modern Language Association (MLA)

  "Binder." Glossary of Common Homeowners Insurance Terms. Texas Department of Insurance and Office of Public Insurance Counsel. 6 June. 2023 http://www.expertglossary.com/definition/binder.

• A temporary or preliminary agreement, which provides coverage until a policy can be written or delivered.

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  Cite Definition for Binder

  American Psychological Association (APA)

  Binder. (n.d.). Glossary of Homeowner Insurance Terms. Retrieved June 6, 2023, from website: http://www.expertglossary.com/definition/binder.

  Chicago Manual of Style (CMS)

  Binder. Glossary of Homeowner Insurance Terms. Utah Insurance Department. http://www.expertglossary.com/definition/binder (accessed: June 6, 2023).

  Modern Language Association (MLA)

  "Binder." Glossary of Homeowner Insurance Terms. Utah Insurance Department. 6 June. 2023 http://www.expertglossary.com/definition/binder.

• Browse Related Terms: Binder, Cancellation, Effective date, Expiration date, Lapse, Lapsed Policy, Non-renewal, Policy period, Reinstatement, Renewal

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• A licensed person or organization you can pay to shop for insurance on your behalf.

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  Cite Definition for Broker

  American Psychological Association (APA)

  Broker. (n.d.). Glossary of Homeowner Insurance Terms. Retrieved June 6, 2023, from website: http://www.expertglossary.com/definition/broker.

  Chicago Manual of Style (CMS)

  Broker. Glossary of Homeowner Insurance Terms. Utah Insurance Department. http://www.expertglossary.com/definition/broker (accessed: June 6, 2023).

  Modern Language Association (MLA)

  "Broker." Glossary of Homeowner Insurance Terms. Utah Insurance Department. 6 June. 2023 http://www.expertglossary.com/definition/broker.

• An insurance salesperson who deals with agents and companies to find insurance for consumers. A broker represents the consumer, not the insurance company.

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  Cite Definition for Broker

  American Psychological Association (APA)

  Broker. (n.d.). Homeowners Insurance Glossary. Retrieved June 6, 2023, from website: http://www.expertglossary.com/definition/broker.

  Chicago Manual of Style (CMS)

  Broker. www.nd.gov. Homeowners Insurance Glossary. North Dakota Insurance Department. http://www.expertglossary.com/definition/broker (accessed: June 6, 2023).

  Modern Language Association (MLA)

  "Broker." Homeowners Insurance Glossary. North Dakota Insurance Department. 6 June. 2023 http://www.expertglossary.com/definition/broker.

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• Coverage for a home under construction. Claim payments are based on the percentage completed at time of loss. This coverage must be changed to a homeowner's policy upon completion of the building.

  Utah Insurance Department - Cite This Source - This Definition
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  Cite Definition for Builders Risk

  American Psychological Association (APA)

  Builders Risk. (n.d.). Glossary of Homeowner Insurance Terms. Retrieved June 6, 2023, from website: http://www.expertglossary.com/definition/builders-risk.

  Chicago Manual of Style (CMS)

  Builders Risk. Glossary of Homeowner Insurance Terms. Utah Insurance Department. http://www.expertglossary.com/definition/builders-risk (accessed: June 6, 2023).

  Modern Language Association (MLA)

  "Builders Risk." Glossary of Homeowner Insurance Terms. Utah Insurance Department. 6 June. 2023 http://www.expertglossary.com/definition/builders-risk.

• Browse Related Terms: Builders Risk, Debris removal, Exclusions, HO Forms, Liability, Named perils, Occurrence, Peril, Proof of loss, Residual market, Sewer Back-up and Sump Pump Overflow Coverage

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• Termination of an insurance policy by the company or insured before the renewal date.

  Texas Department of Insurance and Office of Public Insurance Counsel - Cite This Source - This Definition
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  Cite Definition for Cancellation

  American Psychological Association (APA)

  Cancellation. (n.d.). Glossary of Common Homeowners Insurance Terms. Retrieved June 6, 2023, from website: http://www.expertglossary.com/definition/cancellation.

  Chicago Manual of Style (CMS)

  Cancellation. www.tdi.texas.gov. Glossary of Common Homeowners Insurance Terms. Texas Department of Insurance and Office of Public Insurance Counsel. http://www.expertglossary.com/definition/cancellation (accessed: June 6, 2023).

  Modern Language Association (MLA)

  "Cancellation." Glossary of Common Homeowners Insurance Terms. Texas Department of Insurance and Office of Public Insurance Counsel. 6 June. 2023 http://www.expertglossary.com/definition/cancellation.

• Termination of a policy before its normal expiration date.

  Utah Insurance Department - Cite This Source - This Definition
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  Cite Definition for Cancellation

  American Psychological Association (APA)

  Cancellation. (n.d.). Glossary of Homeowner Insurance Terms. Retrieved June 6, 2023, from website: http://www.expertglossary.com/definition/cancellation.

  Chicago Manual of Style (CMS)

  Cancellation. Glossary of Homeowner Insurance Terms. Utah Insurance Department. http://www.expertglossary.com/definition/cancellation (accessed: June 6, 2023).

  Modern Language Association (MLA)

  "Cancellation." Glossary of Homeowner Insurance Terms. Utah Insurance Department. 6 June. 2023 http://www.expertglossary.com/definition/cancellation.

• A termination of a policy before its normal expiration date.

  North Dakota Insurance Department - Cite This Source - This Definition
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  Cite Definition for Cancellation

  American Psychological Association (APA)

  Cancellation. (n.d.). Homeowners Insurance Glossary. Retrieved June 6, 2023, from website: http://www.expertglossary.com/definition/cancellation.

  Chicago Manual of Style (CMS)

  Cancellation. www.nd.gov. Homeowners Insurance Glossary. North Dakota Insurance Department. http://www.expertglossary.com/definition/cancellation (accessed: June 6, 2023).

  Modern Language Association (MLA)

  "Cancellation." Homeowners Insurance Glossary. North Dakota Insurance Department. 6 June. 2023 http://www.expertglossary.com/definition/cancellation.

• Browse Related Terms: Binder, Cancellation, Effective date, Expiration date, Lapse, Lapsed Policy, Non-renewal, Policy period, Reinstatement, Renewal

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• A policyholder's request for reimbursement from an insurance company under a home insurance policy for a loss to property.

  Texas Department of Insurance and Office of Public Insurance Counsel - Cite This Source - This Definition
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  Cite Definition for claim

  American Psychological Association (APA)

  claim. (n.d.). Glossary of Common Homeowners Insurance Terms. Retrieved June 6, 2023, from website: http://www.expertglossary.com/definition/claim.

  Chicago Manual of Style (CMS)

  claim. www.tdi.texas.gov. Glossary of Common Homeowners Insurance Terms. Texas Department of Insurance and Office of Public Insurance Counsel. http://www.expertglossary.com/definition/claim (accessed: June 6, 2023).

  Modern Language Association (MLA)

  "claim." Glossary of Common Homeowners Insurance Terms. Texas Department of Insurance and Office of Public Insurance Counsel. 6 June. 2023 http://www.expertglossary.com/definition/claim.

• A request for reimbursement for damages on an insured loss. Your claims to your company are first-party claims. Claims made by one person against another person's company are known as third-party claims.

  North Dakota Insurance Department - Cite This Source - This Definition
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  Cite Definition for claim

  American Psychological Association (APA)

  claim. (n.d.). Homeowners Insurance Glossary. Retrieved June 6, 2023, from website: http://www.expertglossary.com/definition/claim.

  Chicago Manual of Style (CMS)

  claim. www.nd.gov. Homeowners Insurance Glossary. North Dakota Insurance Department. http://www.expertglossary.com/definition/claim (accessed: June 6, 2023).

  Modern Language Association (MLA)

  "claim." Homeowners Insurance Glossary. North Dakota Insurance Department. 6 June. 2023 http://www.expertglossary.com/definition/claim.

• Your request for the insurance company to pay you an amount under the terms of your policy.

  Utah Insurance Department - Cite This Source - This Definition
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  Cite Definition for claim

  American Psychological Association (APA)

  claim. (n.d.). Glossary of Homeowner Insurance Terms. Retrieved June 6, 2023, from website: http://www.expertglossary.com/definition/claim.

  Chicago Manual of Style (CMS)

  claim. Glossary of Homeowner Insurance Terms. Utah Insurance Department. http://www.expertglossary.com/definition/claim (accessed: June 6, 2023).

  Modern Language Association (MLA)

  "claim." Glossary of Homeowner Insurance Terms. Utah Insurance Department. 6 June. 2023 http://www.expertglossary.com/definition/claim.

• Browse Related Terms: claim, Claimant, contract, Deductible, File and Use, First-party claim, Insured, Loss, Loss history, North Dakota Insurance Guaranty Fund, Third-party claim

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• A person who makes an insurance claim.

  Texas Department of Insurance and Office of Public Insurance Counsel - Cite This Source - This Definition
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  Cite Definition for Claimant

  American Psychological Association (APA)

  Claimant. (n.d.). Glossary of Common Homeowners Insurance Terms. Retrieved June 6, 2023, from website: http://www.expertglossary.com/definition/claimant.

  Chicago Manual of Style (CMS)

  Claimant. www.tdi.texas.gov. Glossary of Common Homeowners Insurance Terms. Texas Department of Insurance and Office of Public Insurance Counsel. http://www.expertglossary.com/definition/claimant (accessed: June 6, 2023).

  Modern Language Association (MLA)

  "Claimant." Glossary of Common Homeowners Insurance Terms. Texas Department of Insurance and Office of Public Insurance Counsel. 6 June. 2023 http://www.expertglossary.com/definition/claimant.

• Browse Related Terms: claim, Claimant, contract, Deductible, File and Use, First-party claim, Insured, Loss, Loss history, North Dakota Insurance Guaranty Fund, Third-party claim

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• A person an insurance company hires to settle claims. The adjuster could either be a company employee or under contract with the company.

  Utah Insurance Department - Cite This Source - This Definition
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  Cite Definition for Claims Adjuster

  American Psychological Association (APA)

  Claims Adjuster. (n.d.). Glossary of Homeowner Insurance Terms. Retrieved June 6, 2023, from website: http://www.expertglossary.com/definition/claims-adjuster.

  Chicago Manual of Style (CMS)

  Claims Adjuster. Glossary of Homeowner Insurance Terms. Utah Insurance Department. http://www.expertglossary.com/definition/claims-adjuster (accessed: June 6, 2023).

  Modern Language Association (MLA)

  "Claims Adjuster." Glossary of Homeowner Insurance Terms. Utah Insurance Department. 6 June. 2023 http://www.expertglossary.com/definition/claims-adjuster.

• Browse Related Terms: Adjuster, Agency, Claims Adjuster, Independent adjuster, Insurer, Public Adjuster, Public insurance adjuster, Staff adjuster

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• An agreement with the insurance company in which you agree to carry insurance on your property in an amount equal to a certain percentage of its actual cash value.

  Utah Insurance Department - Cite This Source - This Definition
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  Cite Definition for Coinsurance Clause

  American Psychological Association (APA)

  Coinsurance Clause. (n.d.). Glossary of Homeowner Insurance Terms. Retrieved June 6, 2023, from website: http://www.expertglossary.com/definition/coinsurance-clause.

  Chicago Manual of Style (CMS)

  Coinsurance Clause. Glossary of Homeowner Insurance Terms. Utah Insurance Department. http://www.expertglossary.com/definition/coinsurance-clause (accessed: June 6, 2023).

  Modern Language Association (MLA)

  "Coinsurance Clause." Glossary of Homeowner Insurance Terms. Utah Insurance Department. 6 June. 2023 http://www.expertglossary.com/definition/coinsurance-clause.

• Browse Related Terms: Coinsurance Clause, Endorsement, Floater, Home Inventory, Inflation guard endorsement, Inflation protection, Insurance to value, Personal property, Real property, Rider, Scheduled items, Umbrella Liability Insurance

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• A summary of information about an insurance company, including its license status, financial data, complaint history, and a history of regulatory action.

  Texas Department of Insurance and Office of Public Insurance Counsel - Cite This Source - This Definition
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  Cite Definition for Company profile

  American Psychological Association (APA)

  Company profile. (n.d.). Glossary of Common Homeowners Insurance Terms. Retrieved June 6, 2023, from website: http://www.expertglossary.com/definition/company-profile.

  Chicago Manual of Style (CMS)

  Company profile. www.tdi.texas.gov. Glossary of Common Homeowners Insurance Terms. Texas Department of Insurance and Office of Public Insurance Counsel. http://www.expertglossary.com/definition/company-profile (accessed: June 6, 2023).

  Modern Language Association (MLA)

  "Company profile." Glossary of Common Homeowners Insurance Terms. Texas Department of Insurance and Office of Public Insurance Counsel. 6 June. 2023 http://www.expertglossary.com/definition/company-profile.

• Browse Related Terms: agent, application, Broker, Company profile, Complaint history, Conditions, Dwelling, Group of companies, Insurable interest, Market value, policy, Policy owner, Premium, Surcharge, Surplus lines, Third Party Administrator (TPA)

All > Business > Finance > Insurance > Homeowners Insurance

• A written communication primarily expressing a grievance against an insurance company or agent.

  Texas Department of Insurance and Office of Public Insurance Counsel - Cite This Source - This Definition
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  Cite Definition for complaint

  American Psychological Association (APA)

  complaint. (n.d.). Glossary of Common Homeowners Insurance Terms. Retrieved June 6, 2023, from website: http://www.expertglossary.com/definition/complaint.

  Chicago Manual of Style (CMS)

  complaint. www.tdi.texas.gov. Glossary of Common Homeowners Insurance Terms. Texas Department of Insurance and Office of Public Insurance Counsel. http://www.expertglossary.com/definition/complaint (accessed: June 6, 2023).

  Modern Language Association (MLA)

  "complaint." Glossary of Common Homeowners Insurance Terms. Texas Department of Insurance and Office of Public Insurance Counsel. 6 June. 2023 http://www.expertglossary.com/definition/complaint.

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