Tenants Policy
A form of homeowner policy sold to person(s) who rent their living quarters.

Total Loss
Loss to the insured of the entire value of goods or other property insured, or a loss entailing the payment of the full face amount of an insurance contract.

Underwriting
A process that evaluates an applicant and their property against pre-established criteria for insurability to determine whether the applicant will be rejected or accepted for coverage and whether at standard or modified rates.

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