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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	Tenants Policy	Another term for Renters Insurance. See HO4 policy.
	Towing	For more peace of mind when you're on the road, many policies include coverage for towing and/or repair at point of breakdown. This is an optional coverage-call and add it to your policy. You'll be surprised how inexpensive this convenience can be!
	Transportation Expense	An accident shouldn't leave you stranded without transportation. Transportation Expense coverage helps pay for the cost of a rental vehicle while yours is being repaired. In most states, coverage options range from $20/day up to $50/day. This coverage is optional. When you carry physical damage coverage for theft, you may be entitled to reimbursement of transportation expenses if your car is stolen, even if you don't carry Transportation Expense Coverage. Also called Substitute Transportation or Rental Reimbursement.
	Type of Vehicle	The terms of your insurance policy vary with the type of vehicle you wish to cover. In order to qualify for Personal Auto Coverage, for example, your vehicle must be a private passenger auto or a motor vehicle considered to be a private passenger auto. (A "private passenger auto" is defined as a four-wheel motor vehicle, other than a truck, owned or leased for at least six continuous months.) Pickups and vans may be considered private passenger autos under the following conditions: they must have a gross vehicle weight (GVW) of less than 10,000 pounds and must not be used for the delivery or transportation of goods or materials, unless such use is incidental to an insured's business of installing, maintaining or repairing equipment, or such use is for farming or ranching.