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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	Basic Reparations Benefit	An optional coverage that covers you, the members of your household and your passengers for medical expenses, rehabilitation services, lost wages and funeral expenses caused by auto accidents. Coverage and availability varies by state and is not available in all states.
	Bodily Injury (BI)	Bodily harm, sickness, or disease sustained by any person, including required care and loss of services, as well as resulting death.
	Bodily Injury Liability	An important type of liability coverage, Bodily Injury will pay damages awarded if you are held legally responsible for injury or death caused by a vehicle driven by you or by a covered family member. Coverage options include Single Limit Liability and Split Limit Liability, depending on each company's offerings.
	Broad Theft Coverage	An endorsement to a Dwelling Policy that provides theft coverage for contents of a named insured, owner occupant.
	Business Personal Property	In a homeowner's policy, "business personal property" refers to items or "contents" owned by your business or company-like the laptop you might bring home over the weekend. Coverage is usually limited to $2,350.