Chapter 34
Order by
10 terms
Terms | Definitions |
|---|---|
 Property Insurance | Protects yourself from financial loss on your property |
| Real Property | Attached to land, like a house, business, garage |
| Personal Property | Can be moved, like furniture, jewelry, and electronics |
| Renter's Insurance | Covers personal property in the apartment such as TV's, appliances, and furniture |
| Standard Fire Policy | Insurance against damage due to fire or lightning |
| Extended Coverage | Protects against damages from riots, car/plane crash, windstorms, hail or even vandalism |
| Eleven Perils | Most common causes of property damage or loss; fire, smoke, windstorms, vehicles, riots |
| Rider | An addition to the policy that covers specific property or damages, often used for jewelry, art, or antiques |
| Replacement Cost | Full cost of repairing or replacing property |
| Amount to Insure Home Market Value | 80% |
First Time Here?
Welcome to Quizlet, a fun, free place to study. Try these flashcards, find others to study, or make your own.