Property coverage, which covers your rental property if you own rentals built for one to four families, as well as other private structures on your property (like a garage or shed), and personal property, like tools, appliances or furniture thatâs stored on the property or used by your tenants.
Freebase(0.00 / 0 votes)Rate this definition: Lac is the scarlet resinous secretion of a number of species of insects, namely some of the species of the genera Metatachardia, Laccifer, Tachordiella, Austrotacharidia, Afrotachardina, and Tachardina of the superfamily Coccoidea, of which the most commonly cultivated species is Kerria lacca.
lac - resinlike substance secreted by certain lac insects; used in e.g. varnishes and sealing wax. seal, sealing wax - fastener consisting of a resinous composition that is plastic when warm; used for sealing documents and parcels and letters. shellac varnish, shellac - a thin varnish made by dissolving lac in ethanol; used to finish wood. animal product - a product made from animal material.