1. HOUSEHOLD INSURANCE

2. Renter’s Insurance  Protection of personal belongings; also provides liability coverage  Liability: Bodily damage or property damage  About $12.00/month

3. Peril: Something that might cause loss or damage  Explosion  Vandalism  Theft  Volcanic Eruptions  Falling Objects  Water Related Damage  Explosion  Vandalism  Theft  Volcanic Eruptions  Falling Objects  Water Related Damage

4. Qualifying Event: Situation or event that triggers your coverage  Burglary  Apartment Fire  Burst Pipe

5. Replacement Cost on Contents Endorsement that insures for actual replacement cost

6. Total Loss Loss so large that no value is left in the property or posessions. The loss merits paying out the maximum amount on the policy.

7. Appraisal Evaluation to determine the insurable value of property or to determine the amount of loss

8. Depreciation Decrease in value of property due to age, wear and tear

9. Actual Cash Value Present property value replacement cost, minus depreciation

10. Home Inventory Record of personal posessions