Plain-English meaning
A premium credit an insurer may offer for recognized features or work that reduce a covered risk.
Why it matters
The credit depends on documentation, state rules, carrier criteria, and continued eligibility.
Where you may see it
Quote discounts, inspection forms, renewal declarations, and state mitigation programs.
What to verify
Eligible feature, required inspection, evidence, effective date, amount, renewal, and whether the credit is guaranteed.
Do not confuse it with
A grant, tax credit, or promise that the property cannot be damaged.
For policy-specific meaning, read the definition and related provision in the issued policy.