Homeowners Insurance terms starting with I

8 terms

1. Independent adjuster A person who charges a fee to an insurance company to adjust the company’s claim.
2. Inflation guard endorsement An endorsement to a homeowner policy that automatically increases the amount of insurance every three months.
3. Inflation protection Automatically adjusts your home insurance policy limits to account for increases in the costs to repair or rebuild a property.
4. Inspection Report A report filed by an individual employed by the insurance company or credit agency, giving general information on the physical condition of the property.
5. Insurable interest Any financial interest a person has in the property or person insured. In life insurance, a person´s or party´s interest - financial or emotional - in…
6. Insurance to value An amount of insurance at, or close to, the value of the property insured.
7. Insured The policyholder or person(s) protected in case of a loss/claim.
8. Insurer The insurance company.