Property Damage Liability
Pays for damage to another person's car or property such as fences, buildings, utility poles, signs, and trees. Utah law requires PD liability limits of at least $15,000 per accident.

Whole Life Insurance
Cash value life insurance which combines protection against premature death with a savings account. Premiums are at fixed rates and guaranteed and remain the same throughout the life of the policy.

No-Fault
Auto insurance coverage which pays for each driver’s own injuries, despite who was responsible for the accident. No-fault coverage varies with each state.

Policy
The contract form issued by the company to explain the coverage provided. It is a legal document.

Floater
A floater insures movable property, covering losses wherever they may occur. Items often insured with a floater include expensive jewelry, musical instruments, and furs. It provides more general coverage than a regular homeowners policy when it comes to these items.

Good Driver Plan
A rating program offered by some insurance companies that reduces your premium if you have had no accidents or traffic violations within a specified time period.

Personal Injury Protection
This is a mandatory no fault coverage for automobile insurance providing benefits including, but not limited to, medical expenses, loss of income resulting from an automobile accident, and essential services.

Lapse
Termination of a policy because of failure to pay the premium.

Health Maintenance Organization
A legal entity in the state that provides health care in a geographic area, and which accepts responsibility to provide directly or by contract an agreed-upon set of health services to a defined, voluntarily-enrolled group of individuals.

Underinsured Motorist
Is coverage for any bodily injury resulting from the operation of a motor vehicle, which is covered under a liability policy at the time of the injury causing occurrence.