Common High Risk Home Insurance Terms

Loss Payee

A person or entity listed on an insurance policy that is entitled to receive claim payment directly from the insurer in the event of a loss.

Loss Payee

Other Insurance Industry Terms

Flood Insurance

High-Risk Homeowners Insurance

Loss of Use

Exclusion

Underwriting

FAIR Plan (Fair Access to Insurance Requirements)

Premium

Actual Cash Value

Liability Coverage

Deductible

Replacement Cost

Windstorm Insurance