Insurance
Covers damage to movable property in the house – e.g., due to fire or theft.
Damage report
Notification to the insurer of a loss that has occurred.
Deductible
Amount that you have to pay yourself in the event of damage.
Expert
Person appointed by the insurance company to assess a loss.
Homeowners insurance
Insures damage to the house caused by fire, tap water, storm, hail.
Natural hazard insurance
Supplement to homeowners insurance – covers, for example, flood or earthquake.
New value
Insured value: Amount that would be required to replace the item in the same way.
Policy
Insurance contract with all conditions and amounts.
Policyholder
Underinsurance
If the insured sum is lower than the actual value.
