# Personal Lines Glossary

> 32 terms from the Insurance book's Personal Lines part, each defined in a line and linked to the chapter that explains it.

- **Community Rating System (CRS):** the NFIP program discounting premiums 5% to 45% in communities that exceed floodplain management minimums ([Flood & the NFIP](https://www.syntaqx.com/books/insurance/flood-and-the-nfip#risk-rating-2-0)).
- **Coverages A to F:** the homeowners coverages: dwelling, other structures, personal property, loss of use, personal liability and medical payments to others ([Homeowners & Renters](https://www.syntaqx.com/books/insurance/homeowners-and-renters#forms-and-coverages)).
- **Designated Responsible Producer (DRP):** the licensed individual a limited lines travel insurance producer names as responsible for compliance ([Pet & Travel Insurance](https://www.syntaqx.com/books/insurance/pet-and-travel#travel-insurance)).
- **Emergency medical condition:** the Florida PIP finding that raises the medical benefit limit from $2,500 to $10,000 ([Personal Auto](https://www.syntaqx.com/books/insurance/personal-auto#no-fault-and-personal-injury-protection)).
- **Federal Policy Fee:** the NFIP's per-policy fee, $47 for most policies, funding mapping and floodplain management ([Flood & the NFIP](https://www.syntaqx.com/books/insurance/flood-and-the-nfip#risk-rating-2-0)).
- **Financial responsibility:** a state's requirement that a driver carry liability insurance or equivalent security at minimum limits ([Personal Auto](https://www.syntaqx.com/books/insurance/personal-auto#compulsory-insurance-and-minimum-limits)).
- **Force-placed (lender-placed) insurance:** coverage a mortgage servicer buys and charges to a borrower whose own coverage lapsed ([Homeowners & Renters](https://www.syntaqx.com/books/insurance/homeowners-and-renters#mortgagees-escrow-and-lender-requirements)).
- **HFIAA surcharge:** the NFIP's annual surcharge of $25 for primary residences and $250 for other properties ([Flood & the NFIP](https://www.syntaqx.com/books/insurance/flood-and-the-nfip#risk-rating-2-0)).
- **Holdback:** the depreciation withheld from an ACV-first property payment until repair or replacement ([Homeowners & Renters](https://www.syntaqx.com/books/insurance/homeowners-and-renters#replacement-cost-acv-and-roofs)).
- **Hurricane deductible:** a homeowners deductible, often a percentage of Coverage A, that applies to hurricane losses, in Florida across all hurricanes in a calendar year ([Homeowners & Renters](https://www.syntaqx.com/books/insurance/homeowners-and-renters#wind-hail-and-hurricane-deductibles)).
- **Limited lines travel insurance producer (LLTIP):** a business entity licensed to sell travel insurance and to register travel retailers that offer it ([Pet & Travel Insurance](https://www.syntaqx.com/books/insurance/pet-and-travel#travel-insurance)).
- **Mandatory purchase requirement:** the federal rule that loans on buildings in special flood hazard areas carry flood insurance ([Flood & the NFIP](https://www.syntaqx.com/books/insurance/flood-and-the-nfip#mandatory-purchase)).
- **Negative option:** selling coverage by making the buyer deselect it, such as a pre-checked box, which the travel model act prohibits ([Pet & Travel Insurance](https://www.syntaqx.com/books/insurance/pet-and-travel#travel-insurance)).
- **No-fault:** a system in which each person's own auto policy pays their injuries through PIP regardless of fault, with suits limited by a threshold ([Personal Auto](https://www.syntaqx.com/books/insurance/personal-auto#no-fault-and-personal-injury-protection)).
- **Personal injury protection (PIP):** first-party auto coverage for medical costs, lost income and other expenses in no-fault states ([Personal Auto](https://www.syntaqx.com/books/insurance/personal-auto#no-fault-and-personal-injury-protection)).
- **Pet insurance:** "a property insurance policy that provides coverage for accidents and illnesses of pets," in the NAIC model act's definition ([Pet & Travel Insurance](https://www.syntaqx.com/books/insurance/pet-and-travel#pet-insurance)).
- **Preexisting condition (pet):** a condition with veterinary advice, treatment, or signs or symptoms before the policy's effective date or during a waiting period ([Pet & Travel Insurance](https://www.syntaqx.com/books/insurance/pet-and-travel#pet-insurance)).
- **Private flood insurance:** flood coverage from a private insurer that lenders must accept if it is at least as broad as the NFIP's standard policy and meets the statute's terms ([Flood & the NFIP](https://www.syntaqx.com/books/insurance/flood-and-the-nfip#mandatory-purchase)).
- **Replacement cost:** the cost to repair or replace with like kind and quality, without deduction for depreciation ([Homeowners & Renters](https://www.syntaqx.com/books/insurance/homeowners-and-renters#replacement-cost-acv-and-roofs)).
- **Reserve Fund assessment:** the NFIP's 18% charge on premium funding its reserve ([Flood & the NFIP](https://www.syntaqx.com/books/insurance/flood-and-the-nfip#risk-rating-2-0)).
- **Risk Rating 2.0:** the NFIP's building-level pricing method, fully in effect from April 1, 2023 ([Flood & the NFIP](https://www.syntaqx.com/books/insurance/flood-and-the-nfip#risk-rating-2-0)).
- **SR-22:** a certificate an insurer files with a state proving a driver's future financial responsibility, with a duty to notify the state if coverage ends ([Personal Auto](https://www.syntaqx.com/books/insurance/personal-auto#sr-22-and-fr-44-filings)).
- **Stacking:** adding together the UM or UIM limits of several vehicles or policies ([Personal Auto](https://www.syntaqx.com/books/insurance/personal-auto#uninsured-and-underinsured-motorists)).
- **State insurance verification system:** a state system (TexasSure and others) to which insurers report auto coverage or answer inquiries ([Personal Auto](https://www.syntaqx.com/books/insurance/personal-auto#state-insurance-verification)).
- **Travel protection plan:** a plan combining travel insurance, travel assistance services and cancellation fee waivers sold at one price ([Pet & Travel Insurance](https://www.syntaqx.com/books/insurance/pet-and-travel#travel-insurance)).
- **Travel retailer:** a business that offers travel insurance under a limited lines travel insurance producer's license ([Pet & Travel Insurance](https://www.syntaqx.com/books/insurance/pet-and-travel#travel-insurance)).
- **Underinsured motorists (UIM):** coverage for the insured's injuries when the at-fault driver's liability limits are insufficient, paid on an excess or limits-less basis ([Personal Auto](https://www.syntaqx.com/books/insurance/personal-auto#uninsured-and-underinsured-motorists)).
- **Uninsured motorists (UM):** coverage for the insured's injuries caused by an uninsured or hit-and-run driver ([Personal Auto](https://www.syntaqx.com/books/insurance/personal-auto#uninsured-and-underinsured-motorists)).
- **Waiting period (flood):** the 30 days before a new NFIP policy takes effect, with exceptions for loans, map revisions and post-wildfire flooding ([Flood & the NFIP](https://www.syntaqx.com/books/insurance/flood-and-the-nfip#coverage-limits-and-the-waiting-period)).
- **Waiting period (pet):** time before some coverage begins; the NAIC model caps illness waiting periods at 30 days and bans them for accidents ([Pet & Travel Insurance](https://www.syntaqx.com/books/insurance/pet-and-travel#pet-insurance)).
- **Wellness program:** a pet health subscription separate from insurance that may not be marketed as insurance or required for eligibility ([Pet & Travel Insurance](https://www.syntaqx.com/books/insurance/pet-and-travel#pet-insurance)).
- **Write Your Own (WYO):** the NFIP arrangement under which private insurers sell and service federal flood policies in their own names as fiscal agents ([Flood & the NFIP](https://www.syntaqx.com/books/insurance/flood-and-the-nfip#write-your-own)).

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