terms that start with ‘g’ or ‘h’
Gap insurance (also known as loan/lease gap coverage) is a type of insurance coverage that financing car buyers may purchase from their insurance company, the dealership, or the loan provider.
If the vehicle has been financed or leased, gap insurance covers the difference (if any) between what is owed on the car and the car's actual cash value in case there is a total loss. This protects policyholders from having to make payments on totaled vehicles they can no longer drive.
See also: total loss, actual cash value
Gap insurance: what it is and why you (might) need it
The garaging location is where an insured car is parked most of the time. The ZIP Code of your primary residence usually indicates your specific garaging location. Your garaging location may affect your car insurance rates, so notify your insurance company if you normally keep your car somewhere other than your home address.
Golf cart insurance
Golf cart insurance, a type of specialty motorcycle insurance, is a form of property and casualty insurance that covers golf carts. Golf carts generally hold up to 2 people and are designed to transport golfers and their equipment from hole to hole on golf courses. Types of golf cart insurance coverages include liability, collision, and comprehensive. Coverage may also be available for a trailer used to transport a golf cart.
See also: motorcycle insurance, all-terrain vehicle insurance, travel trailer insurance
See home insurance.
Health insurance (also known as medical insurance) covers medical expenses and long-term nursing costs. Each health insurance policy has a specific deductible and premium amount. The deductible is what you pay out of pocket, and the premium is what you pay each month or year to maintain the policy.
Health insurance quotes
Health insurance FAQs
Home insurance (also known as hazard insurance, homeowners insurance, dwelling insurance, or house insurance) is a form of property and casualty insurance that covers the insured's primary residence. A home insurance policy generally offers coverage for liability, personal belongings, and damage to the primary structure as well as other structures — such as detached garages and storage buildings on the home's property.
A home insurance policyholder must own or be making mortgage payments on his or her home.
Those who rent their dwellings may protect their belongings by buying renters insurance.
See also: manufactured home insurance, renters insurance, condominium insurance
Homeowners insurance quotes
Renters insurance quotes
Condo insurance quotes
Hurricane recoupment fund
The hurricane recoupment fund (also known as the Florida Hurricane Catastrophe Fund, the FHCF, or the hurricane CAT fund) is a fund created to ensure that individuals affected by catastrophic events, such as hurricanes and other major disasters, receive the financial assistance they need. Insurance providers participating in this program pay a specified annual amount to the state, part of which they recoup through property and casualty insurance premiums.
See also: property and casualty insurance
How to keep your car safe from hurricane damage
Hybrid electric vehicles
Hybrid electric vehicles (also known as HEVs) are powered by a combination of batteries and fuel. By using less gas, HEVs emit fewer pollutants and receive better gas mileage than standard vehicles.
Why hybrids cost more to insure