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.
shelÂ·lac. n. 1. A purified lac in the form of thin yellow or orange flakes, often bleached white and widely used in varnishes, paints, inks, sealants, and formerly in phonograph records. 2.A thin varnish made by dissolving this substance in denatured alcohol, used to finish wood. 3.. lac that has been purified and formed into thin sheets, used for making varnish. 2. a varnish made by dissolving this material in alcohol or a similar solvent. 3. a phonograph record made of a breakable material containing shellac, esp. one played at 78 r.p.m. 4. to coat or treat with shellac. 5.