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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	Masonry Noncombustible Construction	Refers to buildings constructed from noncombustible materials such as masonry walls of brick, cinder block, stone, tile, or other similar materials, and floors and roofs made of metal or other noncombustible materials.
	Medical Payments/Personal Injury Protection	Covers you, the members of your household and your passengers for medical and funeral expenses resulting from an auto accident, regardless of who is at fault. Personal Injury Protection is not applicable in all states.
	Mobile Home Policy	A homeowner's policy for a permanently situated mobile home.
	Modified Fire-Resistive Construction	Building construction featuring exterior walls, floors and roofs made of fire-resistive materials such as masonry or metal.
	Mortgage Clause	In policies covering mortgaged property, the "mortgage clause" protects the interests of the mortgagee for loss reimbursement and other rights of recovery, regardless of any acts or neglect by the insured.
	Mortgagee	A lender or creditor, typically a bank, who holds the mortgage, and lends money secured by the value of the mortgaged property.
	Mortgagor	Usually the homeowner who, as debtor, receives money in return for a property mortgage granted as a security for the loan.
	Motor Vehicle Record (MVR)	Your state's record of your auto accidents and/or traffic violations. Your insurance rates are based on, among other factors, the quality of your driving history-a good record can mean lower rates! When you accept a policy with Electric Insurance, for example, Electric Insurance uses your driver's license number to review your MVR for claims, losses and violations you may have had in the past five years.
	Multi-Car Discount	If you have more than one car insured with Electric Insurance, you probably qualify for a 20% discount (available in most states)!