Comprehensive Loss Underwriting Exchange (C.L.U.E.) is a claims history database created by ChoicePoint that enables insurance companies to access consumer claims information when they are underwriting or rating an insurance policy. It typically contains up to five years of personal auto or personal property claims history.
Collision Coverage
Pays to repair your vehicle damage caused by an accident. Your agent can help you determine the limits you need based on the agreed value of your vehicle.
Comprehensive Coverage
Pays to repair or replace your vehicle if it is stolen, vandalized or damaged in some way other than in a collision. Includes loss from fire, cracked windshields, floods, falling objects, and wind.
Excess Liability
Sometimes used interchangeably with “umbrella,” “excess liability” refers to extended liability coverage. This coverage is meant to supplement your insurance coverage if the damages exceed your liability coverage. Be sure to talk to your agent about what your excess liability covers.
Personal Liability Coverage
For homeowners, this coverage applies if someone is injured or property is damaged and you are to blame. When choosing liability coverage for your home, auto, boat, personal watercraft, or RV, consider things like how much money you make and what you own. Your liability coverage should be high enough to protect your belongings if you are sued.
Personal Property Coverage
Your home is filled with furniture, clothes, sports equipment, and other items that mean a lot to you. This coverage helps repair or replace these items if they are lost, stolen or destroyed as a result of an insured event.
Premium
A premium is the payment you make in exchange for one term of policy coverage.
Property or Dwelling Coverage
Typically pays to repair or rebuild your home if it’s damaged or destroyed by an insured event.
Scheduled Personal Property Coverage
If you have special possessions such as jewelry, art, antiques, or collectibles, you may want to talk to your agent about this additional coverage.
Uninsured/Underinsured Motorist Coverage
Pays for damages associated with bodily injury or death from an accident caused by an uninsured, underinsured or hit-and-run driver (as defined by the law in the jurisdiction where the accident occurred) who is at fault. It also covers you if you are hit as a pedestrian.
Glossary of Insurance Terms