The accidental death benefit rider provides additional life insurance coverage in the event the insured’s death is accidental. 

A deductible is money you pay out of your own pocket before an insurance company covers the rest of a claim. How much you pay depends on the policy and the company. On average, car insurance deductibles are between $0 and $1,500.  Keep in mind that deductibles and premiums are related. The higher the deductible, the lower the premium and vice versa.  No matter what the deductible, you will pay more money for insurance if you have had a claim that is less than 5 years old.

The elevation shown on the Flood Insurance Rate Map (FIRM) for Zones AE, AH, A1-A30, AR, AR/A, AR/AE, AR/A1-A30, AR/AH, AR/ AO, V1-V30, and VE that indicates the water surface  elevation resulting from a flood that has a 1% chance of equaling or exceeding that level in any given year

Any area of the building, including any sunken room or sunken portion of a room, having its floor below ground level (subgrade) on all sides.

This kind of coverage protects you if you cause an accident that injures or kills someone. It does that by funding your legal defense and covering judgments against you if you’re sued. It also can pay for the lost wages or medical expenses of anyone you injure in a crash. Just remember that value of your policy determines how much Bodily Injury Liability coverage protects you in these cases.  It won’t cover you or anyone else in your car, by the way. That’s the point of Medical Payment or Personal Injury Protection coverage.

This is a type of permanent life insurance that has a small death benefit. Despite the names, beneficiaries can use the death benefit as they wish. 

The cash value of permanent life insurance serves two purposes. It is a savings account that the policyholder can use during the life of the insured; the cash accumulates on a tax-deferred basis. Some policies may have restrictions on withdrawals depending on how the money is to be used. 

Collision coverage kicks in if your car is damaged by hitting another vehicle or object. The law doesn’t require you to have it, but most lenders do. Payouts tend to be limited to the cash value of a car, so you may want to ignore this kind of coverage if your vehicle is older.  Go to www.edmunds.com to review the current value of your auto.

A program developed by the FEMA Mitigation Division to provide incentives for those communities in the National Flood Insurance Program that have gone beyond the minimum floodplain management requirements to develop extra measures to provide protection from flooding.

Comprehensive coverage is also is known as physical damage coverage or Other-Than-Collision (OTC) coverage. It protects you if something other than a collision damages your car. Some of the events it covers:

• Theft
• Damage resulting from a falling object (i.e. Trees)
• Damage resulting from striking an animal
• Broken windows
• Storms
• Natural disasters like tornadoes, hurricanes, and earthquakes