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Indemnity — Restoration to the victim of a loss by payment, repair or replacement. General Liability Insurance — Insurance designed to protect business owners and operators from a wide variety of liability exposures. Your email address will not be published. Homeowners Insurance — Protects homeowners from losses to their homes, personal property, and some types of damage or injury to others for which the homeowner is liable. Collision Insurance — Covers physical damage to an insured's automobile other than that covered under comprehensive insurance resulting from contact with another inanimate object. Cancellation — Termination of an insurance contract before the end of the policy period by the insured or insurer. Deductible — Amount of loss that the insured pays before the insurance kicks in.
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