Reinstatement
Returning a lapsed policy to its full value after its termination as if it was never terminated.
Renters Policy
A form of homeowner policy sold to person(s) who rent their living quarters. Such policies generally provide contents and liability coverage to the renter/tenant.
Replacement Cost
Replacement Cost is the amount necessary to replace or rebuild your home or repair damages with materials of similar kind and quality without deducting for depreciation.
