Topic: Home Insurance Glossary


A private or government-sponsored policy covering home repair and the replacement of personal property damaged by a flood. Normally not included in basic homeowner’s policies.


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

National Organizations and Resources

There are a number of international organizations, both independent and government operated, which work to protect consumers in the insurance marketplace.

Package Policy

A single insurance policy that combines more than one coverage, each of which is usually sold separately. An example is homeowners insurance and auto insurance packaged together.

Personal Liability Insurance

Personal liability insurance (also called Personal Umbrella Liability Insurance) is designed to protect you against a damaging legal judgment or lawsuit. This type of coverage expands the amount of your liability protection beyond the basic coverage provided under your auto insurance and/or homeowners insurance (or renters insurance) policies.


In regards to homeowner’s insurance, the possessions of the insured.