Termination of an insurance policy by the insured or insurer prior to the end of the policy period.

Termination of an insurance policy by the insured or insurer prior to the end of the policy period.

In addition to the dead bolt locks, the burglar alarm must automatically alert a police/fire station and/or an alarm company’s central station with 24-hour monitoring.

A Certificate of Financial Responsibility may be required by a state's Department of Motor Vehicles for a variety of reasons. Generally, it's when the owner of a motor vehicle has been previously involved in serious moving violations or accidents and did not have auto liability insurance at the time of the incident. Only the insurance company can complete these Certificates and file them with the appropriate Department of Motor Vehicles. If the customer's insurance policy subsequently cancels, the insurance company notifies the DMV that the Certificate is no longer valid.

Notification to an insurance company that payment of an amount is due under the terms of the policy. A claim is a demand by a person or business who is seeking to recover for a loss.

See adjuster.

Pays for physical damage to a covered motor vehicle caused by collision of that vehicle with another object or by upset of the vehicle. The amount paid is subject to the deductible you choose.

Pays for physical damage to a covered motor vehicle caused by collision of that vehicle with another object or by upset of the vehicle. The amount paid is subject to the deductible you choose.

Pays for loss of or damage to a covered motor vehicle by theft, fire, vandalism glass breakage or collision with a bird or animal. The amount paid is subject to the deductible you choose. In some states, you may choose no deductible for glass losses. This is known as "full coverage glass" (FCG).

Covers computer equipment and peripherals beyond the normal coverage provided in homeowner's insurance policies. Usually, homeowner's policies only cover between $1,000 and $3,000 in computer equipment. With more people owning expensive computers and peripherals, and even using them for home-based businesses, riders and separate policies are becoming more popular. Some policies are also designed to cover damage and/or theft of portable equipment, such as laptop computers, and even the costs of data recovery.

That portion of the insurance policy which defines the duties and responsibilities of both the insured and insurer.

For property policies, construction type refers to the materials used for the outside support walls, roof and floors. The two most common types are frame and masonry.

A matter of law in some states which allows an injured party to collect damages from another party involved in the loss even though the injured party contributed to his or her own loss. Damages are reduced to the extent of the injured party’s negligence.

Course of construction refers to a residence that is in the process of being built.