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Unformatted text preview: 11. mills: a unit often used to express real estate tax rates, equal to $1.00 in tax for each $1000 of assessed value. 12. homeowner’s insurance: insurance to protect yourself and your home from losses due to fire, theft of contents, or personal liability. 13. loss-of-use coverage: insurance coverage to pay for some of the expenses of living away from home while damage to your home is being repaired. 14. personal liability and medical coverage: insurance coverage to protect you from financial losses if someone is injured on your property. 15. replacement value: the amount of money required to reconstruct a home if it is destroyed. 16. premium: the amount paid for insurance coverage. 18. fire protection class: a number assigned to a home by an insurance company according to the quality of fire protection available in the area. 19. utilities costs: charges for public services, such as electricity or water....
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- Summer '06
- Insurance coverage, real estate taxes