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Frequently used terms:

The auto insurance terms and definitions listed below will help you understand what you are buying when you shop for your auto or home insurance.

Glossary

Word Definition
Bodily Injury (BI) An important type of liability coverage, Bodily Injury (BI) will pay legal damages awarded for injury or death for which you are held legally responsible.
Broad Theft Coverage Broad Theft Coverage is an endorsement to a dwelling policy which provides theft coverage for contents to a named insured, owner occupant.
Business Personal Property In a homeowner policy, "Business Personal Property" refers to items or "contents" owned by your business or company — like the lap top you might bring home over the weekend. Coverage is usually limited to $2,500.