Miscellaneous
Insurance Glossary
Definition
Welcome to the insurance glossary of the o'donohoe agency. Here you can find definitions and explanations for common insurance terms, with local relevance to galveston, tx.
Accidental Death Benefit
– Life & Health
Act of God
– Miscellaneous
Actual Cash Value (ACV)
– Home & Property Insurance
Aggregate Limit
– Miscellaneous
All-Risk Policy
– Home & Property Insurance
Base Flood Elevation (BFE)
– Flood & Coastal-Specific
Beneficiary
– General Insurance Terms
Bodily Injury Liability
– Auto Insurance
Business Interruption Insurance
– Business & Commercial
Business Owner’s Policy (BOP)
– Business & Commercial
Claim
– General Insurance Terms
Coinsurance
– Life & Health
Collision Coverage
– Auto Insurance
Commercial Auto Insurance
– Business & Commercial
Commercial Property Insurance
– Business & Commercial
Commercial Umbrella Policy
– Business & Commercial
Comprehensive Coverage
– Auto Insurance
Comprehensive Deductible
– Auto Insurance
Copayment (Copay)
– Life & Health
Coverage Period
– General Insurance Terms
Cyber Liability Insurance
– Business & Commercial
Deductible
– General Insurance Terms
Depreciation
– Miscellaneous
Dwelling Coverage
– Home & Property Insurance
Elevation Certificate
– Flood & Coastal-Specific
Endorsement
– General Insurance Terms
Excess Coverage
– Miscellaneous
Exclusion
– General Insurance Terms
Extended Replacement Cost
– Home & Property Insurance
Flood Proofing
– Flood & Coastal-Specific
Flood Zone
– Flood & Coastal-Specific
Gap Insurance
– Auto Insurance
General Liability Insurance
– Business & Commercial
Grace Period
– Miscellaneous
Hazard Insurance
– Miscellaneous
Health Insurance Deductible
– Life & Health
Hurricane Deductible
– Flood & Coastal-Specific
Indemnity
– Miscellaneous
Liability Coverage
– General Insurance Terms
Loss of Use Coverage
– Home & Property Insurance
Marine Insurance
– Miscellaneous
Mitigation Discount
– Flood & Coastal-Specific
Named Perils Policy
– Home & Property Insurance
Named Storm Exclusion
– Miscellaneous
National Flood Insurance Program (NFIP)
– Flood & Coastal-Specific
Ordinance or Law Coverage
– Home & Property Insurance
Out-of-Pocket Maximum
– Life & Health
Peril
– Miscellaneous
Personal Injury Protection (PIP)
– Auto Insurance
Personal Property Coverage
– Home & Property Insurance
Policy Limit
– General Insurance Terms
Policyholder
– Miscellaneous
Pre-Existing Condition
– Life & Health
Premium
– General Insurance Terms
Product Liability Insurance
– Business & Commercial
Professional Liability (E&O)
– Business & Commercial
Property Damage Liability
– Auto Insurance
Replacement Cost Value (RCV)
– Home & Property Insurance
Rider
– Life & Health
Risk Assessment
– Miscellaneous
Salvage Title
– Miscellaneous
Scheduled Personal Property
– Home & Property Insurance
SR-22 Insurance
– Auto Insurance
Storm Surge
– Flood & Coastal-Specific
Subrogation
– Miscellaneous
Term Life Insurance
– Life & Health
TWIA (tx Windstorm Insurance Association)
– Flood & Coastal-Specific
Umbrella Policy
– Miscellaneous
Underinsured Motorist Coverage (UIM)
– Auto Insurance
Underwriting
– General Insurance Terms
Uninsured Motorist Coverage (UM)
– Auto Insurance
Universal Life Insurance
– Life & Health
Whole Life Insurance
– Life & Health
Windstorm Deductible
– Flood & Coastal-Specific
Workers’ Compensation
– Business & Commercial
Questions About Your Insurance?
Our team at The O'Donohoe Agency is here to help you understand your coverage options and find the right protection for your needs.