American Strategic Insurance

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SI offers customized coverage in order to meet a variety of consumer’s needs. To assist in selecting appropriate coverage and/or interpret policy language we’ve provided descriptions for some basic insurance terms and conditions used within some of our policies.

Because insurance laws vary by state and coverage may not be available in some jurisdictions, the information stated may not apply to all situations. Our actual policy will govern any claims or questions of interpretation. If you have any questions, please contact an ASI agent.

To view the description, click on the word of choice.

Act of God	Flood Insurance	Peril
Actual Cash Value	Hazard	Personal Liability Coverage
Additional Insurance	Homeowner's Policy	Policy
Additional Living Expense	Increased Replacement Cost Dwelling	Policyholder
Application	Insurance Department	Premises
Appraisal	Insurance to Value	Premium
Basic Limits	Insured	Property Damage
Cancellation	Insurer	Property Insurance
Catastrophe	Insuring Agreements	Protection
Claim	Liability Insurance	Real Property
Coinsurance Clause	Limit of Liability	Reinstatement
Conditions	Loss	Renewal
Damages	Loss Payable Clause	Replacement Cost
Declarations	Loss of Use Insurance	Residence Employee
Deductible	Medical Payments to Others	Residence Premises
Depreciation	Mold	Scheduled Property
Effective Date	Mortgage Clause	Screened Enclosures
Endorsement	Named Insured	Tenants Policy
Exclusion	Non- Renewal	Total Loss
Expiration Date	Occurence	Tree Debris Removal
Extended Coverage	Ordinance or Law Form	Underwriting
Fire Insurance	Partial Loss

Please note that this section highlights examples of safety precautions that you can consider to help prepare yourself, others and your personal property for a disaster. Please recognize that a particular precaution may not be appropriate or effective in every circumstance. We encourage you to use your own good judgment about what is appropriate. Please reference our legal statement for additional disclaimers.