Making Insurance Language Simple

Covers any extra costs you incur when your home is deemed unlivable. This includes reasonable payments for lodging, food, clothing and other associated expenses. This is also referred to as loss of use coverage. Tip: Make sure to keep your ALE-related receipts to submit for reimbursement.

A professional who investigates and evaluates insurance claims to determine the extent of coverage and the appropriate payout. Serves as a point of contact for policyholder questions related to the claim.

An assessment of a property's market value based on its condition, features, and comparable sales.

The protection your insurance policy provides against specific risks or losses.

Includes the key details of your insurance policy, such as the policyholder’s name, property insured, coverage types and limits, deductibles, premium, and policy effective dates.

The amount you agree to pay out of pocket toward a covered loss before your insurance company begins to cover costs.

Note: In Florida, a homeowners insurance policy has two deductibles: one for hurricane damage, which is typically a percentage of your Coverage A amount, and an “all other perils” deductible, which is generally a flat amount. The Declarations Page of your insurance policy lists the dollar amount of both deductibles.

Coverage for your home and attached structures– including the walls, roof, foundation, and any attached structures like a garage or deck. Also known as Coverage A.

Note: This is based on the cost to rebuild the home and does not include the value of the land. This means the amount paid for a home in a real estate sale could be different than the dwelling coverage amount.

Covers your property and/or contents against storm surges and flooding during torrential rains, hurricanes, and tropical storms. Not included in your homeowners policy.

Note: You have an option to purchase flood insurance through the National Flood Insurance Program, or to purchase a private flood endorsement for your policy. Find out more about acquiring flood insurance.

Term for property or belongings that are portable, such as furniture or jewelry.

Coverage to replace belongings at actual cash value after a loss. This is typically a percentage of the dwelling coverage value. For some items, additional coverage can be purchased.

Insurance bought by insurance companies. If an event causes a certain amount of damage to the company’s policyholders, the insurance company pays a certain portion of the costs (similar to how customers pay their deductible), and the reinsurance company/companies pay the rest.

To learn more about reinsurance and American Integrity Insurance’s financial stability, click here.

Purchased by a tenant to protect their belongings from events such as fire and theft. Other features can include additional living expenses and coverage for personal liability in the event that the policyholder or dependent causes damage to a third party.

The amount it would cost to replace an item based on current market prices, meaning depreciation would not be deducted. However, the cost reimbursed would not exceed the maximum dollar amounts shown on the policyholder’s declarations page.