Contact Us Today (800) 282-2000(800) 282-2000Call Us | Email Us
Español
☰ ˟
Logo 
We are pleased to announce that the assets and names of Remco Insurance have been acquired.
Remco Insurance along with its former employees are now Pronto Insurance.
CLICK HERE for more information!!
  • Home
  • Customer Tools ▼
    • Customer Portal
    • Policy Changes
    • My Insurance Card
    • Make a Payment
    • Submit Claim
    • Refer a Friend
    • Docs Upload Center
  • Get a Quote
  • Resources ▼
    • Remco Insurance Products
    • Secure File Area
    • Insurance Glossary
    • Blog
  • About Us ▼
    • About Us
    • Locations
    • Privacy Policy
  • Contact Us
  • Locations ▼
    • All Locations
    • Locations Open Sunday
  • Areas We Serve ▼
    • texas icon North Texas
      Dallas Fort Worth Arlington
    • texas icon South Texas
      Alice Falfurrias Corpus Christi Kingsville San Antonio Texas City
    • texas icon East Texas
      Conroe Cypress Houston Huntsville Lufkin Nacogdoches Pasadena Beaumont Longview Rosenberg Bryan Orange Tomball
    • texas icon West Texas
      Abilene Eagle Pass El Paso Pleasanton San Angelo
    • texas icon Central Texas
      Austin Bastrop Round Rock San Marcos Seguin Temple Waco
  • Careers
  •  
Home > Glossary > H

Insurance Glossary

Insurance terms and definitions from Remco Insurance.


Coverages and benefits listed below may not be available in your state. If available, some optional coverages and benefits might be offered at an additional charge. Contact Remco Insurance today to learn more.
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
HACKER INSURANCE
A coverage that protects businesses engaged in electronic commerce from losses caused by hackers.

HARD MARKET
A seller’s market in which insurance is expensive and in short supply.

HOMEOWNERS INSURANCE POLICY
The typical homeowners insurance policy covers the house, the garage and other structures on the property, as well as personal possessions inside the house such as furniture, appliances and clothing, against a wide variety of perils including windstorms, fire and theft. The extent of the perils covered depends on the type of policy. An all-risk policy offers the broadest coverage. This covers all perils except those specifically excluded in the policy.

Homeowners insurance also covers additional living expenses. Known as Loss of Use, this provision in the policy reimburses the policyholder for the extra cost of living elsewhere while the house is being restored after a disaster. The liability portion of the policy covers the homeowner for accidental injuries caused to third parties and/or their property, such as a guest slipping and falling down improperly maintained stairs. Coverage for flood and earthquake damage is excluded and must be purchased separately.

HOUSE YEAR
Equal to 365 days of insured coverage for a single dwelling. It is the standard measurement for homeowners insurance.

HURRICANE DEDUCTIBLE
A percentage or dollar amount added to a homeowner’s insurance policy to limit an insurer’s exposure to loss from a hurricane. Higher deductibles are instituted in higher risk areas, such as coastal regions. Specific details, such as the intensity of the storm for the deductible to be triggered and the extent of the high risk area, vary from insurer to insurer and state to state.


NOTICE: These glossary definitions provide a brief description of the terms and phrases used within the insurance industry. These definitions are not applicable in all states or for all insurance and financial products. This is not an insurance contract. Other terms, conditions and exclusions apply. Please read your official policy for full details about coverages. These definitions do not alter or modify the terms of any insurance contract. If there is any conflict between these definitions and the provisions of the applicable insurance policy, the terms of the policy control. Additionally, this informational resource is not intended to fully set out your rights and obligations or the rights and obligations of the insurance company, agent or agency. If you have questions about your insurance, you should contact your insurance agent, the insurance company, or the language of the insurance policy.

Insurance Websites Designed and Hosted by Insurance Website Builder
Glossary content provided by Insurance Information Institute and ITC

Facebook
Twitter
Google+
LinkedIn
YouTube
Instagram
Pinterest
Snapchat
TikTok
Twitter Logo
Resources
Products Report a Claim About Us Jobs Contact Us Agent Login Terms Of Use Privacy Policy
Contact Us
Mailing Address:
PO Box 17068 | Austin, TX 78760 | (800)282-2000(800)282-2000 | E: sales@remco.com
© Copyright. All rights reserved. | Designed by Rahim Peerbhai