Auto & Homeowner's Insurance Glossary

Definitions offered in this section are meant to provide generic insurance information to consumers. They are not complete descriptions of all terms, exclusions and conditions applicable to the products and services offered by Electric Insurance. The terms and conditions of the policies issued are controlling in all cases. Product availability varies by state.

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	Accident	A collision of a vehicle with any object, for example, another vehicle, a fence or tree.
	Accidental Death Benefit	A death benefit pays if "bodily injury" causes the death of you or any "family member" within 24 months from the date of a covered accident.
	Additional Living Expense	Fire or other damage caused by a covered loss could increase your living costs-you may be paying for a hotel, restaurant meals or laundromat, for example. In a standard homeowner's policy, Loss of Use (Coverage D) will reimburse you for any additional living expenses incurred by you in an attempt to maintain a normal standard of living if your home is made uninhabitable by a covered peril. See Loss of Use.
	All Risk	An "All Risk" policy insures against any and all losses that can happen to your home, except those that are specifically excluded. However, the policy will state that flood and earthquake are not covered and require a separate endorsement.
	Anti-theft Devices	An anti-theft device is something that deters a vehicle from being stolen, for example, a car alarm or a special key for the ignition. Cars with hood locks and ignition alarms can save up to 15% on "other than collision" (comprehensive) premiums.
	Appurtenant Structure	In a property insurance policy, "appurtenant structures" are detached buildings on the same premises as the main, insured building. Appurtenant structures like garages or barns on your property are usually covered by your homeowner's insurance policy.
	Arbitration Clause	In your property insurance contract, the arbitration clause provides a means for settlement when you and your insurer cannot agree on an acceptable claim payment. A representative of each party makes their case to a neutral arbitrator. The arbitrator makes a final, binding decision after hearing all of the facts presented.
	Auto Policy Discounts	You could pay a lower premium on your auto insurance policy if you qualify for any of several discounts offered Electric Insurance. Scroll to find the definitions for Anti-theft Device, Driver Training, Defensive Driver, Good Student, Multi-Car, and Safe Driver Discounts. LINKS?