Page 1 (Rev. 05-16-2016)
Type of Coverage Codes
Type of Coverage is divided into the following mutually exclusive categories:
Auto
Fire, Allied Lines and Commercial Multi-Peril (CMP)
Homeowner’s
Life and Annuity
Accident and Health
Liability
Miscellaneous
Each of the major categories (except for Miscellaneous) is further divided into first- and second-level coverages
that describe a more specific area of coverage within the primary category.
Each complaint may involve only one category. Within a category, a complaint may contain only one first-level
coverage and up to three second-level coverages (where available).
Auto
Level 1 Coverages
Title
Description
Commercial
Provides coverage for liability, physical damage, and other exposures for
automobiles owned or leased by businesses, partnerships, or organizations.
Group Private Passenger
Personal automobile coverage for liability, physical damage, and other exposures
for automobiles owned or leased by individuals or families. The individual or family
obtains the coverage with an association/group in which the individual or family is a
member/enrollee/certificate holder.
Individual Private
Passenger
Personal automobile coverage for liability, physical damage, and other exposures
for automobiles owned or leased by individuals or families.
Motor Home/Recreational
Vehicles
Individual coverage for an automotive vehicle built on a truck or bus chassis and
equipped as a self-contained traveling home.
Motorcycle
Individual coverage for any two-wheel automotive vehicle having one or more
saddles and sometimes a sidecar with a third supporting wheel.
Motorsports
Services specialty cars, race teams, special events, and related commercial
business insurance.
Rental
Automobile insurance coverage for rented vehicles.
Level 2 Coverages
Title
Description
Collision
Insurance coverage available to provide protection against physical contact of
an automobile with another inanimate object resulting in damage to the
insured’s car.
Collision Damage
Waiver
A provision in many auto rental contracts charging an extra fee to the person
renting a vehicle, and in exchange the rental company waives its right to
recover physical damage losses from the renter.
Comprehensive
Automobile insurance providing protection in case of physical damage
suffered by the insured’s car, other than collision or theft. Example: Fire,
Flood.
Page 2 (Rev. 05-16-2016)
Title
Description
Liability
Policyholder's legal liability resulting from injuries to other persons or damage
to their property.
Medical Payments
Coverage, available in various liability insurance policies, in which the insurer
agrees to reimburse the insured and others, without regard to the insured's
liability, for medical or funeral expenses as the result of bodily injury or death
by accident under specified conditions.
No-Fault/Personal
Injury Protection
No-Fault - Forms of insurance by which a person's financial losses
resulting from an automobile accident are paid by their own insurers
regardless of who was at fault.
Personal Injury (PIP) - A form of insurance issued in some states with
minimum coverage limits, or thresholds, set by state law. Injured parties
cannot sue the responsible party until the specific threshold of expenses
are met.
Other
Other secondary level types that do not fit clearly into any specific category in
the secondary level.
Personal Effects
Coverage
Coverage that protects personal effects of the renter while in the rental car.
Personal Passenger
Protection
Covers accidental death and medical expenses for the renter if involved in an
accident.
Physical Damage
Provides coverage to vehicles owned, leased, or operated by a covered
person due to collision or under comprehensive coverage for non-collision
hazards, such as fire, theft, or falling objects.
Physical Damage
Waiver
Responsibility for any damage to a rented vehicle is waived, provided the
rental agreement is not violated.
Policy Proof of Interest
Insurance covering peculiar conditions of risk concerning anticipated freight.
Example: If a company goes to pick up freight which ends up being destroyed
by some hazard, they suffer losses such as shipping fees.
Rental Reimbursement
Automobile coverage that pays the cost of a vehicle rental during a period the
insured vehicle requires covered repair.
Residual Market/JUA
Related
Policies issued on behalf of the Wisconsin Automobile Insurance Plan (WAIP)
whether issued by assignment or on behalf of the WAIP under a servicing
carrier agreement.
Supplemental Liability
Insurance
Protects the renter against third-party auto liability at-fault claims for up to a
specified limit if involved in an accident.
Surplus Lines
Coverage obtained in an unlicensed insurance company because of its
unavailability in the licensed market.
Towing
An endorsement to an automobile policy that pays specified amounts for
towing and related labor cost.
Uninsured
Motorists/Underinsured
Motorists
Uninsured Motorists - Protection covers the policyholder, family
members, and passengers if injured by a hit-and-run motorist or a driver
who carries no liability insurance.
Underinsured Motorists - Protection covers the policyholder and family
members if injured by a motorist who carries liability limits less than
his/her proportionate share of the total liability. Also provides coverage if
the other driver's insurance is with a financially irresponsible insurer.
Page 3 (Rev. 05-16-2016)
Fire, Allied Lines, and Commercial Multi-Peril
Level 1 Coverages
Title
Description
Builder's Risk
A property insurance policy that provides direct damage coverage on buildings or
structures while they are under construction. It also covers foundations, fixtures,
machinery, and equipment used to service the building, and materials and supplies
used in the course of construction.
Commercial MP
Commercial package policies which include liability, fire, and allied lines coverage.
Credit Property
Insurance against loss of or damage to personal property, covering a creditor's security
interest in the property, when the insurance is written as part of a loan or other credit
transaction. Can include GAP insurance as it relates to the difference between loss
payments and loan indebtedness.
Crop/Hail
Growing crops are subject to numerous perils--bad weather, hail, fire, flood, insects,
and disease. Policies may cover one or more of these perils reducing proportionally as
harvesting progresses and terminates when the harvest is complete.
Dwelling Fire
Covers buildings and the personal property inside. Designed to insure one- to four-
family dwellings, whether owner-occupied or tenant-occupied, and can be used to
insure mobile homes. Policies do not include theft, liability, or medical payments
coverage.
Fire, Allied Lines
Insurance covering the peril of fire damage to property, as well as extended coverage,
which includes perils other than fire, such as windstorm, hail, explosion, riot, etc., along
with resultant damage caused by smoke and water. Allied lines provide further
coverage against perils such as sprinkler leakage, rain and non-fire-related water
damage, and earthquake.
Level 2 Coverages
Title
Description
Fire-Real Property
Coverage of insured's real property against the peril of fire.
Liability
The portion of insurance that covers the insured for negligence against another
person or another person's property.
Other
Other secondary level types that do not fit clearly into any specific category in
the secondary level.
Personal Property
Property that is not attached to real property. Property other than real estate,
or property that is movable or separable from real estate; for property
insurance purposes, tangible property, which is often called "contents.”
Personal property may be used for business purposes and therefore may be
covered by a commercial policy, while personal property not used for business
purposes is generally covered only by personal lines policies (such as
homeowner’s or renter’s insurance).
Residual Market/JUA
Related
Policies issued by the Wisconsin Insurance Plan.
Surplus Lines
Coverage obtained in an unlicensed insurance company because of its
unavailability in the licensed market.
Theft
Covers theft of the insured's property.
Windstorm
Covers windstorms including hurricanes, cyclones, and high wind; perils not
normally covered under standard policies.
Page 4 (Rev. 05-16-2016)
Homeowner’s
Level 1 Coverages
Title
Description
Condo/Town
Coverage protecting the insured’s personal property and loss of use. Coverage may
include protection against fire, lightning, vandalism, malicious mischief, wind, hail,
explosion, riot, civil commotion, vehicles, aircraft, smoke, falling objects, weight of
ice/sleet/snow, and volcanic eruption.
Farm Owner/Ranch
Owner
A contract which combines personal and business multiple-line insurance; coverage for
the entire farm and ranch operations, may include the dwelling.
Group Homeowner’s
Homeowner’s insurance containing a benefit package policy that combines property
and liability coverage of property and individuals. Coverage obtained by a group
member/enrollee/certificate-holder through a master contract issued to the
association/group in which the individual or family belongs.
Homeowner’s
Coverage for homes, including dwelling coverage. Protects owners and tenants
against losses or damage to their residential property and provides protection against
liability claims by others suffering injury or damages while on such property.
Mobile Homeowner
Coverage for mobile homes, which are classified as portable units that are built to be
towed on their own chassis with frame and wheels but are permanently affixed to the
real estate and are designed for year-round living.
Renter’s/Tenant’s
Coverage for the contents of a renter’s home/apartment and liability. Tenant policies
reflect homeowner’s insurance, except they do not cover the structure. Covers inside
structure changes such as carpeting, kitchen appliances, and built-in bookshelves.
Level 2 Coverages
Title
Description
Earthquake
Covers direct damage resulting from earthquake or volcanic eruptions.
Excluded are losses resulting from fire, explosion, flood, or tidal wave.
Fire-Real Property
Coverage of insured's real estate property against the peril of fire.
Flood
Coverage made available to residents of a community on a subsidized and
non-subsidized premium rate basis once the governing body of the community
qualifies that community for coverage.
In-home/Incidental
Business
Coverage provided under an endorsement that reduces the risk of operating a
small service or retail business from home. Provides comprehensive coverage
for business personal property and business general liability exposures.
Liability
The portion of insurance that covers the insured for negligence against another
person or another person's property.
Loss of Use
If your home is destroyed by an insured peril or it becomes uninhabitable
because of an insured peril, your standard homeowner’s policy provides you
coverage for setting up a temporary living situation. "Loss of Use" will cover
any additional expenses caused by you having to move out of your home.
Medical Payments
Coverage provided under the homeowner’s policy. The insurance includes
medical expenses of persons who sustain bodily injury at an insured's
premises without regard to negligence. Medical expenses include first aid,
surgery, x-rays, dental services, prosthetic devices, transportation by
ambulance, and funeral services.
Other
Other secondary level types that do not fit clearly into any specific category in
the secondary level.
Page 5 (Rev. 05-16-2016)
Title
Description
Personal Property
Property that is not attached to real property. Property other than real estate or
property that is movable or separable from real estate; for property insurance
purposes, tangible property, which is often called "contents." Personal property
may be used for business purposes and therefore may be covered by a
commercial policy, while personal property not used for business purposes is
generally covered only by personal lines policies (such as homeowner’s or
renter’s insurance).
Replacement Cost
Sum needed to replace an insured’s damaged or destroyed property with one
of a like kind and quality, equivalent to actual cash value, minus physical
depreciation (fair wear and tear) and obsolescence.
Residual Market/JUA
Related
Policies issued by the Wisconsin Insurance Plan.
Single Interest
Insurance protecting the interest of only one of the parties having an insurable
interest in certain property, as that protecting a mortgagee but not the
mortgagor, or protecting the seller but not the buyer of merchandise.
Surplus Lines
Coverage obtained in an unlicensed insurance company because of its
unavailability in the licensed market.
Theft
Covers theft of the insured's property.
Windstorm
Covers windstorms including hurricanes, cyclones, and high wind; perils not
normally covered under standard policies.
Life and Annuity
Level 1 Coverages
Title
Description
Accelerated Benefits
Prepayment of a specified percentage of life insurance death benefits prior to death to
cover the cost of treatment for life threatening disease or confinement to a nursing
home. Generally used in case of a terminal illness. Also known as living benefits.
Credit Life
A type of decreasing term insurance usually issued to a creditor to cover the life of a
debtor for an outstanding loan.
Group Annuities
Annuities purchased by a group member/enrollee/certificateholder through a master
contract issued to the association/group to which the individual belongs. These
annuities pay a benefit at regular intervals for the life of the annuitant or for a specified
period, usually beginning at retirement.
Group Life
Life insurance coverage obtained by group member/enrollee/certificate-holder through
a master contract issued to the association/group to which the individual belongs,
usually paying face value benefits upon the death of the covered individual.
Individual Annuities
A policy that pays a benefit at regular intervals for the life of the annuitant or for a
specified period usually beginning at retirement.
Individual Life
Insurance covering the life of an individual with the face value usually payable at the
death of the insured person.
Level 2 Coverages
Title
Description
Accidental Death &
Dismemberment
A form of accident insurance which indemnifies or pays a stated benefit to the
insured or his/her beneficiary in the event of bodily injury or death due to
accidental means (other than natural causes).
Association
Pool (Association or Syndicate). An organization of insurers or reinsurers
through which life insurance and annuities are written/purchased with the
premiums, losses, and expenses shared in agreed amounts among the
insurers belonging to the pool.
Page 6 (Rev. 05-16-2016)
Title
Description
Equity Indexed
Equity index futures typically have dividend rates lower than money market
returns, and futures’ prices tend to be higher than spot index values.
Fixed
Guarantees a specific payment amount in the future.
Other
Other secondary level types that do not fit clearly into any specific category in
the secondary level.
Premium Waiver
An agreement attached to a policy which exempts from coverage certain
disabilities or injuries that otherwise would be covered by the policy.
Pre-Need Funeral
Life insurance policy or annuity contract sold to pay for the insured’s funeral.
Premiums can be single pay or multi-pay. A funeral goods and services
statement must accompany the application for a policy. Also known as funeral
policy or preneed policy.
Single Premium
A single premium contract is paid at the inception of the policy and the policy
becomes fully paid.
Term
Life insurance in effect for a specified limited period. If an insured dies within
that period, the beneficiary receives payment. If the insured survives the
specified limited period, the beneficiary receives nothing.
Universal
Adjustable life insurance under which premiums flex, protection adjusts, and
the insurance company discloses expenses and other charges to the
purchaser.
Variable
A policy allowing premium payments to vary within certain limits at the option
of the policyholder.
Whole Life
A policy remaining in full force and effect for the life of the insured with
premium payments being made for the specified period. Also known as
Ordinary Life.
Accident and Health
Level 1 Coverages
Title
Description
Credit Accident &
Health
Insurance usually issued to a creditor to provide indemnity for payments or debt
becoming due on a specific loan or other credit transaction should the debtor become
disabled.
Group
Insurance that is issued against sickness or injury where the group is the policyholder
and the individual insured is the certificateholder.
Individual
Insurance that is issued to an individual insuring one against sickness or injury.
Stop Loss
Insurance purchased by employers in order to limit their exposure under self-funded
health insurance plans. Stop-loss insurance takes effect after a minimum amount has
been paid in claims. There are two types: specific attachment point which means the
stop-loss insurance takes effect when claims for an individual employee exceeds the
agreed-upon amount and aggregate attachment point which means that the stop-loss
insurance takes effect when claims for the employer’s total group exceeds the agreed-
upon amount.
Page 7 (Rev. 05-16-2016)
Level 2 Coverages
Title
Description
Accident Only
Health insurance pertaining to only accident coverage.
Autism/PDD
Coverage provided for treatment of autism/pervasive developmental disorder
(PDD) in covered children under the age of 19. Autism means a developmental
disability significantly affecting verbal and nonverbal communication and social
interaction, generally evident before age 3, that adversely affects a child’s
performance. PDD (also known as autism spectrum disorder) refers to a
category of five neurological disorders, autistic disorder, pervasive
developmental disorder - not otherwise specified, Asperger’s disorder, Rett’s
disorder, and childhood disintegrative disorder, as specified within the current
edition of the diagnostic and statistical manual of mental disorders DSM-IV or
subsequent edition of the American Psychiatric Association.
Bronze
Coverage provided by a health plan has an AV (the percentage paid by a
health plan of the percentage of the total allowed costs of benefits) of 60
percent.
Cancer/Dread Disease
A type of medical expense policy that is designated to cover only those
medical expenses incurred by an insured only for specific catastrophic
illnesses, such as cancer.
Catastrophic
Health plans that meet all the requirements of a qualified health plan but that
don’t cover any benefits other than three primary care visits per year before
the plan’s deductible is met.
Child Only
Coverage provided by a child-only plan at the same level of coverage as any
qualified health plan offered through an exchange to individuals who, as of the
beginning of the plan year, have not attained the age of 21.
Chiropractic
Covers care provided by a chiropractor. Normally, not seen as regular health
maintenance but as a term recovery plan.
COBRA
In the United States, a statute which requires that employers sponsoring group
health plans offer continuation of coverage under the group plan to employees
and their dependents who have lost coverage because of the occurrence of a
"qualifying event." Qualifying events include reduction in work hours, many
types of termination of employment, death, and divorce.
Dental
Includes dental coverage in health plans and dental service plans. Dental
service plans are dental services provided at the expense of the plan by
participating dentists or other health care personnel.
Disability Income
Provides benefits in case of the insured's inability to perform all or part of
his/her occupational duties because of an accident or illness.
Exchange
Coverage provided by a plan issued through a governmental agency or non-
profit entity that meets the applicable standards of Title 45 of the Federal
Register and makes qualified health plans (QHPs) available to qualified
individuals and/or qualified employers.
Gold
Coverage provided by a gold health plan has an AV (the percentage paid by a
health plan of the percentage of the total allowed costs of benefits) of 80
percent.
Grandfathered
Coverage provided by a group health plan, or a group or individual health
insurance issuer, in which an individual was enrolled on March 23, 2010, for as
long as it maintains that status under the rules of section §147.140 of Title 45.
Health Only
Insurance covering sickness only. This can include an HMO (health
maintenance organization) or a PPO (preferred providers organization), which
provides basic health care services to enrollees on a prepaid basis except for
enrollees' responsibility for co-payments, deductibles.
Page 8 (Rev. 05-16-2016)
Title
Description
HIPAA
Guarantees that employers are not able to impose preexisting condition
limitations in the insurance they offer to new employees who had continuous
insurance coverage for at least the 12 months prior with their previous
employer.
HMO
An organization that provides comprehensive health care services for
subscribing members in a particular geographic area.
Home Health Care
Health care provided in the home of the patient, usually by a private nurse or a
state-licensed home health care agency. Services are usually limited to part-
time or intermittent nursing care and physical or occupational rehabilitation.
Hospital Indemnity
Provides a predetermined flat benefit for each day of hospitalization regardless
of expenses incurred.
Large Group
Coverage provided by a health insurance market under which individuals
obtain health insurance coverage (directly or through any arrangement) on
behalf of themselves (and their dependents) through a group health plan
maintained by a large employer, unless otherwise provided under state law.
Limited Benefits
A health insurance policy with limited benefit payments where all benefits have
been paid to the beneficiary.
Long-Term Care
Designed to provide coverage for not less than 12 consecutive months for
necessary medical services provided in a setting other than an acute care unit
of a hospital.
LSHO
Limited service health organization – a managed care plan that offers specific
limited services, such as dental or vision, by participating providers.
Medicare Advantage/
Part C
A plan offered by a private company that contracts with Medicare to provide
Part A and Part B benefits to Medicare beneficiaries.
Medicare Prescription
Drug/Part D
A plan offered by a private company that contracts with Medicare to provide
coverage for prescription drugs.
Medicare Select
A plan that supplements Medicare and requires enrollees to use network
hospitals and physicians.
Medicare Supplement
Medigap
A plan that supplements Medicare by paying Medicare cost-sharing.
Medicare Supplement
Plan F
A plan that supplements Medicare and is called the high-deductible plan.
Medicare Supplement
Plan K
A plan that supplements Medicare and requires 50% cost-sharing until out-of-
pocket maximums are met.
Medicare Supplement
Plan L
A plan that supplements Medicare and requires 25% cost-sharing until out-of-
pocket maximums are met.
Medicare Supplement
Plans Other/Unknown
Other state’s Medicare supplement or otherwise not identified.
Medicare Supplement
Plans Pre
Standardized
A plan that supplements Medicare and was issued prior to January 1, 1990.
Mental Health
Coverage for professional mental health services including psychologist, crisis
centers, rehabilitative therapy, etc. An emotional or organic mental impairment
(usually excluding senility, retardation or other developmental disabilities, and
substance addiction); a psychoneurotic or personality disorder; any psychiatric
disease identified in a medical manual (American Psychiatric Association's
Diagnostic and Statistical Manual).
Multi State
Coverage provided by a health plan that is offered under a contract between
the U.S. Office of Personnel Management (OPM) and the Multi State Plan
Program (MSPP) issuer pursuant to section 1334 of the Affordable Care Act
and that meets the requirements of Title 45.
Nursing Home
A policy that covers institutional care in a nursing home.
Occupational Accident
An accident arising out of and in the course of employment and covered by
worker’s compensation laws.
Page 9 (Rev. 05-16-2016)
Title
Description
Other
Other secondary level types that do not fit clearly into any specific category in
the secondary level.
PPO
A health benefit plan with contracts between the sponsor and health care
providers to treat plan members. A PPO can be a group of health care
providers who contract with an insurer to treat policyholders according to a
predetermined fee schedule. PPO contracts typically provide discounts from
standard fees, incentives for plan enrollees to use the contracting providers,
and other managed care cost containment methods.
Pharmacy Benefits
Coverage for expenses for charges made by a pharmacy, for medically
necessary prescription drugs or related supplies ordered by a physician.
Platinum
Coverage provided by a platinum health plan has an AV (the percentage paid
by a health plan of the percentage of the total allowed costs of benefits) of 90
percent.
Pre-existing Condition
An illness or disability that existed before the effective date of a health or life
insurance policy. Such a condition can result in cancellation of a policy or
exclusion from coverage.
Self-Funded/ERISA
Self-funded – An employer insurance plan that makes financial preparations to
meet pure risks by appropriating sufficient funds in advance to meet estimated
claim losses, including enough to cover possible losses that were more than
those estimated. Non-governmental self-funded plans may be subject to the
Employee Retirement Income Security Act of 1974 (ERISA).
Short-Term Limited
Duration Policy
A policy that is less than one year in duration and that is not guaranteed
renewable.
Silver
Coverage provided by a silver health plan has an AV (the percentage paid by a
health plan of the percentage of the total allowed costs of benefits) of 70
percent.
Small Group
Coverage provided by a health insurance market under which individuals
obtain health insurance coverage (directly or through any arrangement) on
behalf of themselves (and their dependents) through a group health plan
maintained by a small employer.
Stand Alone Dental
Coverage provided by a limited scope dental benefits plan through an
exchange or in conjunction with a qualified health plan.
Student Health
Coverage provided by a type of individual health insurance coverage that is
provided pursuant to a written agreement between an institution of higher
education (as defined in the Higher Education Act of 1965) and a health
insurance issuer, and provided to students enrolled in that institution of higher
education and their dependents.
Unemployment
Federal legislation allows qualified nonprofit organizations to self-insure their
unemployment compensation obligation. Some insurers provide coverage for
this obligation on a stop-loss or excess-of-loss basis.
Vision
Health insurance coverage for eye examinations and eyeglass or contact lens
prescriptions.
Liability
Level 1 Coverages
Title
Description
Directors and Officers
Reimburses for loss because of wrongful acts by directors and/or officers while acting
in their respective capacities. It covers defense costs, charges, and expenses as well
as the actual settlements from litigation.
Page 10 (Rev. 05-16-2016)
Title
Description
General
Coverage that pertains, for the most part, to claims arising out of the insured's liability
for injuries or damage caused by ownership of property, manufacturing operations,
contracting operations, sale or distribution of products, the operation of machinery, and
professional services. Covers all types of liability insurance other than employers,
automobile, or product liability.
Products
Covers liability of an insurer due to personal injury, death, emotional harm,
consequential economic damage or property damage arising from the use or operation
of a product manufactured and/or sold by the insured.
Professional/E&O
Coverage pertaining to claims arising from the insured's liability for injuries or damage
caused by acts or errors and omissions (E&O) of the insured while performing duties of
his/her profession.
Umbrella
Excess liability coverage above the limits of basic liability insurance policy such as the
owners, landlords, and tenants liability policy. The umbrella policy fills gaps in
coverage under basic liability policies.
Level 2 Coverages
Title
Description
Employment Policies
Professional liability insurance covering wrongful termination, discrimination, or
sexual harassment toward the insured's employees or former employees.
Many policies include coverage for claims by applicants for employment. Some
policies provide very specific coverage, such as for claims brought under the
Americans with Disabilities Act or the Civil Rights Act.
Excess Loss
Method whereby an insurer pays the amount of each claim for each risk up to
a limit determined in advance and the reinsurer pays the amount of the claim
above the limit up to a specified sum.
Medical Malpractice
First Level Coverage Code of 0615 – Professional/E&O
Occurrence - Protects the insured for claims stemming from alleged
incidents that take place during the policy period, even if the policy has
expired or been canceled. Occurrence coverage is the most
comprehensive kind of malpractice insurance.
Claims-made - Coverage is limited to claims or incidents which take place
on or after the retroactive date designated in the policy and are first
reported by the insured during the policy period. An alleged incident before
the retroactive date is not covered regardless when the claim is made. It
may also be necessary to secure "tail coverage" for protection against
claims submitted after coverage has expired.
Other
Other secondary level types that do not fit clearly into any specific category in
the secondary level.
Pollution
Coverage for liability to third parties arising from contamination of air, water, or
land due to the sudden and accidental release of hazardous materials from the
insured site. The policy usually covers the costs of cleanup and may include
coverage for releases from underground storage tanks. Intentional acts are
specifically excluded.
Surplus Lines
Coverage obtained in an unlicensed insurance company because of its
unavailability in the licensed market.
Page 11 (Rev. 05-16-2016)
Miscellaneous (no Level 2 Coverages available)
Level 1 Coverages
Title
Description
Aircraft
Coverage on an all-risk basis whether the airplane is on the ground or in the air. Air
cargo covers legal liability for damage, destruction or other loss of a customer’s
property while being shipped.
Bail Bonds
Monetary guarantee that an individual released from jail will be present in court at the
appointed time. If the individual is not present in court at the appointed time, the
monetary value of the bond is forfeited to the court.
Boiler Machinery
Coverage for loss arising out of the operation of pressure, mechanical and electrical
equipment. It covers loss of the boiler and machinery itself, damages to other property,
legal fees, and business interruption losses. The insurance covers business property,
other property involved, and legal fees.
Credit Unemployment
Credit insurance that provides a monthly or lump sum benefit during an unpaid leave of
absence from employment resulting from specified causes, such as illness of a close
relative and adoption or birth of a child. This insurance is sometimes referred to as
Credit Family Leave.
Extended Warranty
and Service Contracts
A policy providing repair or replacement service or indemnification for such service for
the operational failure of covered property. Examples: homeowner warranty, electronic
devices warranty, etc.
Federal Crop
Protection against natural disasters which may strike crops. Premiums reflect actual
losses incurred by farmers.
Federal Flood
Coverage made available to residents of a community on a subsidized and non-
subsidized premium rate basis once the governing body of the community qualifies that
community for coverage under the National Flood Insurance Act. Resident includes
business and non-business operation with coverage written on structures and their
contents.
Federal Programs
Programs provided or administered by the federal government including Medicare,
Medicaid and the National Flood Insurance Program.
Fidelity and Surety
Fidelity - Insurance guaranteeing the "honesty" of persons holding positions of
public or private trusts. The insurer accepts the responsibility of the employee to
the employer for faithful performance of the duties of employment.
Surety - Insurance guaranteeing the performance of contracts, other than
insurance policies, or guaranteeing and executing all bonds, undertakings, and
contracts of suretyship. One party becomes responsible to a third party for the act
or negligence of a second party.
In Home/Incidental
Business
Coverage provided under stand-alone policy that reduces the risk of operating a small
service or retail business from home. Provides comprehensive coverage for business
personal property and business general liability exposures.
Inland Marine
A broad form of insurance, generally covering articles in transit as well as bridges,
tunnels, and other means of transportation and communication. Besides goods in
transit (generally excepting trans-ocean), it includes numerous "floater" policies, such
as those covering personal effects, personal property, jewelry, furs, fine arts, and other
items of value.
Mortgage Guaranty
Insurance against financial loss by lenders by reason of non payment of principal,
interest, or other sums agreed to be paid upon the terms of any note, bond or other
evidence of indebtedness secured by a mortgage, deed of trust, or other instrument
constituting a lien on real estate.
Ocean Marine
Insurance for sea-going vessels and their cargoes, including liabilities connected with
them. This covers ships or hulls, goods or cargoes, earnings (i.e., passage money,
commissions, profit), and liability incurred by the owner or by any party interested in or
responsible for insurable property for reasons of maritime perils while in transport.
Other
Does not clearly fit in any other category in this level.
Page 12 (Rev. 05-16-2016)
Title
Description
Private Mortgage
Insurance
Insurance written by a private company protecting the mortgage lender against loss
occasioned by a mortgage default.
Surplus Lines
Coverage obtained in an unlicensed insurance company because of its unavailability in
the licensed market. This code under the Miscellaneous coverage type should not be
used where the coverage is under Auto, Fire, Homeowner’s or Liability. For those lines
of insurance, use the “Surplus Lines” code under the particular line.
Title
Insurance against the loss of the title or against expenses due to a defective title,
damage suffered by reasons of liens, encumbrances upon, defects in, or the
unmarketability of a title to such real property. Coverage may extend to heirs in case of
death or to the insurers of a corporate owner of property.
Travel
Coverage for expenses associated with cancellation of travel, delays encountered
during travel and/or medical expenses incurred while traveling.
Watercraft
Coverage for damages resulting from the operation of motor boats too large to qualify
for insurance under ordinary homeowner’s and small business policies. Coverage
exists whether the boats are leased or owned by another party who operates them in
the benefit of the business exposing them to liability. This covers the actual boat,
engine, propellers, and permanently attached equipment in and out of water while
boating, launching, towing and storing.
Wisconsin Worker's
Compensation Ins
Pool
Worker’s compensation insurance policies issued on behalf of the Wisconsin Worker’s
Compensation Insurance Pool.
Worker's
Compensation
Insurance against the legal liability of any employer for the death of, disablement of, or
injury to an employee.
