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.

A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W

	Personal Injury Protection Deductible	Deductible Under your Personal Injury Protection (PIP) coverage, you may have the option of choosing a deductible or co-payment amount. These are amounts that you would pay out of pocket (in exchange for a reduced premium) before you were entitled to any recovery payment under your PIP coverage. These options are not available in all states.
	Personal Injury Protection	Waiver of Work Loss Under the Personal Injury Protection coverage, selecting Waiver of Work Loss will eliminate coverage for any work loss due to the covered accident. You may waive the Work Loss coverage only if you and your resident spouse (if applicable) have not received any earned income from wages during the thirty-one days prior to your policy's effective date and none is expected in the next one hundred eight days. (This waiver applies only to the named insured and resident spouse. All other covered persons will be entitled to basic PIP benefits for Work Loss). This option does not apply to all states with Personal Injury Protection coverage options.
	Personal Property	Any of your property, such as furniture, clothing and consumer electronics, other than real estate property. Your homeowner's policy covers the personal property of you and any family members.
	Physical Damage	Actual damage to your property.
	Property Damage	Damage to the property of others, including loss of use, caused by your car or another person's car driven by you or a family member.