Policy

Your home insurance policy- translated.

Like most homeowners, your home is your greatest asset. That's why having a strong understanding of your homeowners insurance policy is so important. However, since home insurance policies are written by home insurance companies- customers often have a difficult time translating their policy. Use our home insurance glossary to search out terms commonly found in homeowners insurance policies and get clear, concise definitions written in language you can understand!

Blanket Insurance Policy

A single policy that covers more than one person or piece of property.

A contract issued by an insurance company to the insured.

Policy Owner

The person or party who owns an individual insurance policy.

Policy Period

The period a policy is in force, from the beginning or effective date to the expiration date.

Rated Policy

An insurance policy that is issued at a higher than standard premium to cover a person classified as a higher than average risk.

Renewal Policy

A policy issued as a renewal of an expired policy in the same company or agency, not new business.

DISCLAIMER: The information provided above is intended to be a guide to understanding common homeowners insurance terms. HomeInsurance.com does not intend this information to be official or legally binding. HomeInsurance.com uses this list as a basic guide to understanding these terms and should not be considered complete or definitive.