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| Word |
Definition |
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| Red-Lining |
The unfair discrimination against a risk based solely on its location is referred to as "Red-Lining." For example, the denial of property insurance to the owner of a building located in a depressed area. |
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| Rental Value |
Rental value is the insurance protection against loss of rental value or actual rent should the owner's insured property suffer damages prohibiting property use or tenant occupation. |
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| Renters Insurance |
See H04 |
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| Replacement Cost |
Replacement Cost is coverage for the cost of replacing damaged property at the time of loss with that of similar kind and quality. If you carry replacement cost coverage and have a loss, the insurer pays for the cost of a new replacement, minus any policy deductible. |
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| Residence Premises |
Where you, the insured, live. In homeowner insurance, this includes the dwelling, grounds and other structures, or that part of any other building in which you live. |
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| Riot |
A riot is the violent activity by more than one person. The number of persons it takes to constitute a riot varies by state. Your policy may cover riots through extended coverage or direct reference. |