The maximum amount a policy will pay, either overall or under a particular coverage.

Pays when an Insured person is legally liable for damage to the property of others caused by their vehicle or their operation of most non-owned vehicles. This coverage also pays for your legal defense costs if you are sued.

An Insurer who agrees to reimburse another Insurer in respect of claims on the latter’s liability.

The date when your current insurance policy expires. This date can be found on your current policy renewal schedule, insurance identification card, or recent cancellation notice. This date is not to be confused with the date of your next payment or the date when your renewal payment is due.

Property Insurance indemnifies an Insured whose property is stolen, damaged, or destroyed by a covered peril. The term property insurance includes direct or indirect property losses covered in several lines of insurance.

(1) A contract of indemnity against liability by which the Insurance Company procures another insurance to insure it against loss or liability by reason of the original insurance. (2) Insurance by one Insurance Company of all or part of a risk accepted by it, with another Insurance Company which agrees to reimburse the Insurance Company for the portion of the claim reinsured. The Insurance Company obtaining the reinsurance is called the “ceding Insurance Company;” the Insurance Company issuing the reinsurance is called the “Reinsurer.” A Reinsurer may in turn seek reinsurance on some portion of the risk it has Reinsured, a process known as “retrocession.”

The conditions expressed in the policy document and any endorsements attached thereto.

(1) Term used interchangeably with the word “coverage” to denote the insurance provided under the terms of a policy. (2) Term used to indicate the existence of fire-fighting facilities in an area known as a “protected” area.

A remote cause is one which contributed to the loss but was not the proximate cause of the loss. In the absence of any special provision in the policy, a loss must be proximately caused by an insured peril to be recoverable under the policy.

The disappearance of insured property by an unknown cause.