What your home or belongings are worth today, after factoring in age and wear and tear. It’s like the “garage sale value,” not the price you paid when it was new.

A licensed person (like your Antler Insurance representative) who helps you choose and manage your insurance policy.

A request you make to your insurance company when you’ve had a loss—like storm damage or theft—and need them to help pay for repairs or replacement.

The protection your insurance policy provides. For example, “wind coverage” means your home is protected if it’s damaged by strong winds.

A type of coverage that protects against many non-collision damages, like fire, theft, hail, or hitting a deer. Often used for vehicles.

The amount you pay out of pocket before your insurance kicks in. Example: If you have a $500 deductible and $2,000 in covered damage, you pay the first $500, and your insurance covers the rest.

How much an item’s value goes down over time due to age or use. This affects what you might receive for damaged or stolen items.

This part of your home insurance pays to repair or rebuild your home if it’s damaged by a covered event like fire, wind, or hail.

An addition or change to your policy. It lets you customize your coverage—like adding flood insurance or increasing personal property limits.

Something your policy doesn’t cover. For example, most home policies exclude flood damage unless you buy a separate flood policy.

The amount you pay (usually monthly or yearly) to keep your insurance active. Think of it as your membership fee for protection.

Pays if someone gets hurt on your property or if you accidentally cause damage to someone else’s property. It helps cover legal and medical costs.

Damage or destruction to your property that’s covered by your insurance policy. A hail-damaged roof, for example, would be considered a “loss.”

If your home is badly damaged and you can’t live in it while it’s repaired, this coverage helps pay for things like temporary housing and meals.

A type of homeowners policy designed specifically for mobile or manufactured homes. It covers your home, your belongings, and your liability.

An event that causes damage, such as fire, theft, wind, or lightning. Your policy lists which perils are covered.

Protects the things inside your home—like furniture, clothes, and electronics—if they’re damaged or stolen.

The written agreement between you and your insurance company that explains what’s covered, what’s not, and how claims work.

The amount you pay for your insurance policy. (Yes, it’s important enough to list twice!)

What it would cost to replace your damaged property with a new one, without deducting for age or wear. This usually provides better protection than ACV.

Another word for endorsement—a small add-on to your policy for extra coverage.

The chance of something bad happening, like a fire or storm. Insurance helps reduce your financial risk.

The amount your insurance company agrees to pay after you file a covered claim.

The process an insurance company uses to decide how much your coverage will cost based on your risk factors—like the age of your home or where it’s located.

Extra liability coverage that kicks in if your regular policy limits are used up. It’s like having an extra safety net for big claims.

If you’re hit by a driver who doesn’t have enough insurance (or none at all), this coverage helps pay for your injuries and damage.

The method your insurer uses to figure out what your property is worth—either Actual Cash Value (ACV) or Replacement Cost Value (RCV).