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A Member of Florida's Association of Insurance Agents



727-527-5700 Fax: 727-527-6285
Serving Tampa Bay, Florida Since 1964

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Testimonials
"You have handled our insurance program since the early 1970's. You have always done a very professional job and we have utmost confidence in your firm. You take a sincere interest in our account. On all insurance matters we follow your guidance as you have always served us well."(HVAC contractor [Best of the Bay], Pinellas)
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Risk Assessment
At least one-fourth of all businesses that close because of a disaster never reopen. Small businesses are especially vulnerable, because few of them have the resources or knowledge to assess disaster risks and develop comprehensive mitigation and recovery plans.
Continued...
Your Independent Agent
The C&H Insurance Agency writes insurance for all types of businesses including coverage for builders, tradesmen, roofers, retail and wholesale operations. Finding the right coverage during these economic times is not easy.

At C&H Insurance, our professional, experienced and qualified team of insurance agents understand that insurance premiums do have an impact on your business. We are insurance brokers with a difference. With over 45 years in the industry, we understand the statutory, contractual and commercial needs to help you find the correct coverage at the right price.
A Trusted Choice
The president of the C&H Insurance Agency and of the Board of Directors of the Tampa Bay Builder's Association, Bill Davison provided five years as Industry Insurance Advisor for the Pinellas County Contractors and Builder's Association. C&H Insurance is a current associate of the TBBA.

Golf C&H
 

Insurance Terms

ACTUAL CASH VALUE
An amount equivalent to the fair market value of the stolen or damaged property immediately preceding the loss. For real property, this amount can be based on a determination of the fair market value of the property before and after the loss. For vehicles, this amount can be determined by local area private party sales and dealer quotations for comparable vehicles.

AGENT
A licensed person or organization authorized to sell insurance by or on behalf of an insurance company.

AUTOMOBILE INSURANCE
Coverage on the risks associated with driving or owning an automobile. It can include collision, liability, comprehensive, medical, and uninsured motorist coverages.

BINDER
A temporary or preliminary agreement, which provides coverage until a policy, can be written or delivered.

BROKER
A licensed person or organization paid by you to look for insurance on your behalf.

CANCELLATION
The termination of insurance coverage during the policy period. Flat cancellation is the cancellation of a policy as of its effective date, without any premium charge.

CLAIM
Notice to an insurer that under the terms of a policy, a loss may be covered.

CLAIMANT
The first or third party. That is any person who asserts right of recovery.

CO-INSURANCE
Provision in an insurance policy, usually optional, under which the policyholder, for a reduced rate, agrees to maintain insurance equal to a specified percentage of the value of the property covered. Policyholders who fail to maintain the minimum amount of coverage specified, assume a proportionate share of the loss.

DECLINE
The company refuses to accept the request for insurance coverage.

DEDUCTIBLE
The amount of the loss which the insured is responsible to pay before benefits from the insurance company are payable. You may choose a higher deductible to lower your premium.

DEPRECIATION
A decrease in value due to age, wear and tear, etc.

ENDORSEMENT
Amendment to the policy used to add or delete coverage. Also referred to as a "rider."

EXCLUSION
Certain causes and conditions, listed in the policy, which are not covered.

EXPIRATION DATE
The date on which the policy ends.

FACE AMOUNT
The dollar amount to be paid to the beneficiary when the insured dies. It does not include other amounts that may be paid from insurance purchased with dividends or any policy riders.

FIRE INSURANCE
Coverage for loss of or damage to a building and/or contents due to fire.

GRACE PERIOD
A period (usually 31 days) after the premium due date, during which an overdue premium may be paid without penalty. The policy remains in force throughout this period.

GUARANTEED INSURABILITY
An option that permits the policyholder to buy additional stated amounts of life insurance at stated times in the future without evidence of insurability.

HEALTH INSURANCE
A policy that will pay specified sums for medical expenses or treatments. Health policies can offer many options and vary in their approaches to coverage.

HOMEOWNER INSURANCE
An elective combination of coverages for the risks of owning a home. Can include losses due to fire, burglary, vandalism, earthquake, and other perils.

INCONTESTABLE CLAUSE
A policy provision in which the company agrees not to contest the validity of the contract after it has been in force for a certain period of time, usually two years.

INSURED
The policyholder - the person(s) protected in case of a loss or claim.

INSURER
The insurance company.

LIFE INSURANCE
A policy that will pay a specified sum to beneficiaries upon the death of the insured.

LIMIT
Maximum amount a policy will pay either overall or under a particular coverage.

LOAN VALUE
The amount that can be borrowed at a specified rate of interest from the issuing company by the policyholder, using the value of the policy as collateral. In the event the policyholder dies with the debt partially or fully unpaid, then the amount borrowed plus any interest is deducted from the amount payable.

MATERIAL MISREPRESENTATION
The policyholder / applicant makes a false statement of any material (important) fact on his/her application. For instance, the policyholder provides false information regarding the location where the vehicle is garaged.

MISQUOTE
An incorrect estimate of the insurance premium.

PERIL
The cause of a possible loss. For example, fire, theft, or hail.

POLICY
The written contract of insurance.

POLICY LIMIT
The maximum amount a policy will pay, either overall or under a particular coverage.

PREMIUM
The amount of money an insurance company charges for insurance coverage.

PREMIUM FINANCING
A policyholder contracts with a lender to pay the insurance premium on his/her behalf. The policyholder agrees to repay the lender for the cost of the premium, plus interest and fees.

PRO-RATA CANCELLATION
When the policy is terminated midterm by the insurance company, the earned premium is calculated only for the period coverage was provided. For example: an annual policy with premium of $1,000 is cancelled after 40 days of coverage at the company's election. The earned premium would be calculated as follows: 40/365 days X $1,000 = $110.

QUOTE
An estimate of the cost of insurance, based on information supplied to the insurance company by the applicant.

REINSTATEMENT
The restoring of a lapsed policy to full force and effect. The reinstatement may be effective after the cancellation date, creating a lapse of coverage. Some companies require evidence of insurability and payment of past due premiums plus interest.

REPLACEMENT VALUE
The cost to repair or replace an insured item. Some insurance only pays the actual cash or market value of the item at the time of the loss, not what it would cost to fix or replace it. If you have personal property replacement cost coverage, your insurance will pay the full cost to repair an item or buy a new one once the repairs or purchases have been made.

RIDER
Usually known as an endorsement, a rider is an amendment to the policy used to add or delete coverage.

SHORT-RATE CANCELLATION
When the policy is terminated prior to the expiration date at the policyholder's request. Earned premium charged would be more than the pro-rata earned premium. Generally, the return premium would be approximately 90 percent of the pro-rata return premium. However, the company may also establish its own short-rate schedule.

SOLICITOR
A licensed employee of a fire and casualty agent or broker who may act for the agent or broker in some circumstances.

SURCHARGE
An extra charge applied by the insurer. For automobile insurance, a surcharge is usually for accidents or moving violations.

SURRENDER
To terminate or cancel a life insurance policy before the maturity date. In the case of a cash value policy, the policyholder may exercise one of the nonforfeiture options at the time of surrender.

UNDERWRITING
The process of selecting applicants for insurance and classifying them according to their degrees of insurability so that the appropriate premium rates may be charged. The process includes rejection of unacceptable risks.

WAITING PERIOD
A period of time set forth in a policy that must pass before some or all coverages begin.

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Commercial & Home Insurance, Inc. Commercial Insurance Agency proudly serves the West Coast of the state of Florida which includes the counties of Pinellas, Hillsborough, Pasco, Hernando, Sarasota, the cities of St. Petersburg (aka St. Pete), Tampa, Clearwater, Bradenton, Brandon, Largo, Lakeland, Palm Harbor, Sarasota, Town 'n' Country and the metropolitan regions of Pinellas Park, Citrus Park, Dunedin, Egypt Lake-Leto, East Lake, Carrollwood, Holiday, Homosassa Springs, Land O'Lakes, Lealman, Lutz, New Port Richey, Northdale, Oldsmar, Palm River-Clair Mel, Palmetto, Plant City, Safety Harbor, Seminole, Sun City Center, Tarpon Springs, Temple Terrace, Westchase and Zephyrhills
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