A licensed person or organization authorized to sell insurance by or on behalf of an insurance company.

A licensed person or organization paid by you to look for insurance on your behalf.

Notice to an insurer that under the terms of a policy, a loss may be covered.

Provision in an insurance policy, usually optional, under which the policyholder, for a reduced rate, agrees to maintain insurance equal to a specified percentage of the value of the property covered. Policyholders who fail to maintain the minimum amount of coverage specified, assume a proportionate share of the loss.

The amount of the loss which the insured is responsible to pay before benefits from the insurance company are payable. You may choose a higher deductible to lower your premium.

Certain causes and conditions, listed in the policy, which are not covered.

Coverage for loss of or damage to a building and/or contents due to fire.

An option that permits the policyholder to buy additional stated amounts of life insurance at stated times in the future without evidence of insurability.

An elective combination of coverages for the risks of owning a home. Can include losses due to fire, burglary, vandalism, earthquake, and other perils.

The policyholder - the person(s) protected in case of a loss or claim.