Surcharge- An extra charge added to your premium by an insurance company. For home insurance, a surcharge is usually added if you have a claims history.
See Other Home Insurance Terms:
DISCLAIMER: the information provided above is intended to be a guide to understanding common homeowners insurance terms. HomeInsurance.com does not intend this information to be official or legally binding. HomeInsurance.com uses this list as a basic guide to understanding these terms and should not be considered complete or definitive.
