Decision glossary
Short definitions, clear boundaries, and primary sources for terms used in INSUREDLA guides. They are not a quote, policy, coverage opinion, application, or underwriting decision.
The amount charged for insurance for the stated policy period and terms.
Boundary: A sample, estimate, or prior premium is not a current personalized quote or proof of coverage.
California Department of Insurance: glossary of insurance terms · reviewed
Back to top ↑The part of a covered loss the insured is responsible to pay before insurer benefits are payable under the policy.
Boundary: The amount, percentage, loss trigger, and application depend on the actual policy and claim facts.
California Department of Insurance: glossary of insurance terms · reviewed
A stated maximum associated with coverage under the policy, subject to its complete terms and any applicable sublimits.
Boundary: A displayed limit alone does not establish that a loss is covered or what amount is payable.
California Department of Insurance: glossary of insurance terms · reviewed
A cause, condition, property, person, or circumstance identified by the policy as not covered.
Boundary: Only the issued policy forms and endorsements show the exclusions that govern a particular policy.
California Department of Insurance: glossary of insurance terms · reviewed
An amendment that adds, removes, or changes terms of an insurance policy; it may also be called a rider.
Boundary: An endorsement title, proposal, or request does not prove the change was issued or effective.
California Department of Insurance: glossary of insurance terms · reviewed
The insurer's process for evaluating a submitted risk under its current rules and deciding whether and on what terms it may offer insurance.
Boundary: A website organizer, agent conversation, or application receipt is not an underwriting decision or eligibility result.
California Department of Insurance: residential insurance guide · reviewed
A price-and-terms indication for stated information from an authorized insurance channel, subject to its stated status and conditions.
Boundary: A quote is not a binder or policy and does not prove that coverage is in force.
California Department of Insurance: residential insurance guide · reviewed
The California FAIR Plan may provide a limited basic property policy when regular-market coverage is not reasonably available, while a separate Difference in Conditions policy may address certain additional exposures.
Boundary: They are separate contracts. Neither this definition nor a combined price proves eligibility, placement, completeness, or coverage.
California FAIR Plan: Difference in Conditions overview · reviewed