Insurance Glossary Insurance terms and definitions Coverages and benefits listed below may not be available in your state. If available, some optional coverages and benefits might be offered at an additional charge. Contact The Gena Trust Agency today to learn more. A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | R | S | T | U | V | W H HACKER INSURANCE A coverage that protects businesses engaged in electronic commerce from losses caused by hackers. HARD MARKET A seller’s market in which insurance is expensive and in short supply. (See Property/casualty insurance cycle ) HOMEOWNERS INSURANCE POLICY HOUSE YEAR Equal to 365 days of insured coverage for a single dwelling. It is the standard measurement for homeowners insurance. HURRICANE DEDUCTIBLE A percentage or dollar amount added to a homeowner’s insurance policy to limit an insurer’s exposure to loss from a hurricane. Higher deductibles are instituted in higher risk areas, such as coastal regions. Specific details, such as the intensity of the storm for the deductible to be triggered and the extent of the high risk area, vary from insurer to insurer and state to state. Glossary content provided by Insurance Information Institute.