What is a Sharing Economy Endorsement?
What is a Sharing Economy Endorsement? A sharing economy endorsement is an add-on to a standard homeowners insurance policy t…
Glossary
Insurance terms, in plain language.
This is the one place on the site where insurance vocabulary is allowed to show up by name.
Last reviewed: August 2026. Updated regularly as new terms are added.
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What Is a Transportation Network Company (TNC)?
What Is a Transportation Network Company (TNC)? A transportation network company, commonly abbreviated TNC, is a platform tha…
What is Airbnb Host Liability Insurance?
What is Airbnb Host Liability Insurance? Airbnb Host Liability Insurance is actual insurance providing up to $1 million per s…
What is AirCover for Guests?
What is AirCover for Guests? AirCover for Guests is Airbnb's guest protection program, covering booking failures, listing mis…
What is AirCover for Hosts?
What is AirCover for Hosts? AirCover for Hosts is Airbnb's host protection program, launched in 2022. It bundles two legally…
What Is Contingent Collision and Comprehensive Coverage for Rideshare Drivers?
What Is Contingent Collision and Comprehensive Coverage for Rideshare Drivers? Contingent collision and comprehensive coverag…
What is Loss of Rental Income Coverage?
What is Loss of Rental Income Coverage? Loss of rental income coverage reimburses a property owner for rental income lost whi…
What Is Loss of Use in a Rental Car Accident?
Loss of use in a rental car context is the charge that a rental company imposes on the at-fault party for every day the…
What Is Occupational Accident Coverage for Gig Workers?
Occupational accident coverage is a type of policy that pays benefits to an independent contractor who is injured while perfo…
What Is Permissive Use in Auto Insurance?
Permissive use is the legal principle that allows a vehicle owner's auto insurance to extend coverage to someone who borrows…
What Is Supplemental Liability Insurance (SLI) from a Rental Car Company?
What Is Supplemental Liability Insurance (SLI) from a Rental Car Company? Supplemental liability insurance, abbreviated SLI,…
What is the Business Pursuits Exclusion in Homeowners Insurance?
What is the Business Pursuits Exclusion in Homeowners Insurance? The business pursuits exclusion is a provision in a standard…
What is the Difference Between Actual Cash Value and Replacement Cost?
Actual cash value (ACV) is what a damaged item is worth at the time of loss, after subtracting depreciation for age and condi…
What Is the Graves Amendment?
What Is the Graves Amendment? The Graves Amendment is a federal law - 49 U.S.C. § 30106, enacted August 10, 2005 as part of…
What is the ISO HO-3 Form?
What is the ISO HO-3 Form? The ISO HO-3 form (ISO HO 00 03 10 00) is the standard homeowners insurance policy published by…
What Is the Livery Exclusion in Auto Insurance?
What Is the Livery Exclusion in Auto Insurance? The livery exclusion is a provision in a personal auto policy that removes co…
What Is the Regular Use Exclusion in Auto Insurance?
What Is the Regular Use Exclusion in Auto Insurance? The regular use exclusion limits coverage under a personal auto policy w…
What is VRBO Liability Insurance?
What is VRBO Liability Insurance? VRBO's Liability Insurance Program provides $1 million per occurrence for third-party bodil…
Home
Wind and Hail Deductible
A wind and hail deductible is a separate, typically higher deductible that applies specifically to losses caused by windstorm…
Windstorm Insurance
Windstorm insurance covers damage from wind, including hurricane and tropical-storm wind, to a home or building. In most of t…
Business
Workers Compensation and Experience Mod
Workers compensation is the mandatory insurance system that pays medical costs and a portion of lost wages to employees injur…