Homeowners Insurance terms starting with F

5 terms

1. File and Use Residential property rates utilize a system called “file and use.” Under this system, insurance companies file their rates with the Texas Department…
2. First-party claim A claim filed by an insured against his or her own insurance policy.
3. Floater Additional coverage for personal property such as jewelry, artwork, or antiques not otherwise included in the homeowners policy, or included for a nominal…
4. Flood Insurance Flood insurance protects against water from an overflowing river or a hurricane's tidal surge and also covers damage from water that builds up during…
5. Full Replacement Policy A homeowner's policy that pays the full replacement cost, up to the policy maximum, to repair or restore damaged property.