Home Insurance Terms T-Z

Glossary of defined terms

Tenants Policy
Renters Insurance.

Total Loss
Loss of the total value of the insured property.


Umbrella Liability Insurance
A policy that insures losses in excess of amounts covered by other policies.

Underwriter
The individual who accepts or rejects risks for an insurer.

Unoccupied
Property that is not lived in at the time of a claim.

Unscheduled Jewelry
Limited coverage for all your household jewelry.

Unscheduled Personal Property
Provides coverage for personal property owned or used by an insured.


Vacant
A building that is empty.

Vandalism and Malicious Mischief (V&MM or VMM)
Willful destruction or damage to your property by others.


Water Damage
Insurance against loss or damage due to the accidental presence of water.

Wave Damage Insurance
Coverage for damage to property resulting from high water tides

Wind
Coverage for damage to property resulting from windstorms, hailstorms, tornadoes and hurricanes.


Information from Deschutes Insurance

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