Car Insurance Terms

It can be anything from an electronic car alarm that goes off if your vehicle gets tampered with to a bar that you lock across your. The term refers to the fact that the company carries or assumes certain risks for the policyholder. A glossary of auto insurance terms can really help you understand your policy as you deal with a claim.

life insurance policy brochure life insurance prices by age life insurance questions life insurance no exam no medical questions life insurance questionnaire on insurance awareness life insurance offers pure insurance protection for a given period of time life insurance needs life insurance number lookup

Terminology can often be baffling and the last thing you want is to miss something important in your policy wording.

Car insurance terms - Car insurance premium a car insurance premium is the amount of money paid to an insurance company in return for insurance protection. These car insurance terms will help to educate you and help you to get the best deals on car insurance. If you want to pay the lowest rates and have the right amount and types of auto insurance coverage you need to know these commonly used words.

Insurance company that actually underwrites and issues the insurance policy. Car insurance deductible a car insurance deductible is the amount of money you pay out of pocket before the insurance company covers the remainder if you re involved in a covered loss. To make things easier we ve compiled an easy to scan glossary of the most frequently used car insurance terms.

Classic car insurance covers your collectible vehicle up to an agreed value decided by you and your insurance company. Claim request by an insured for the insurance company to cover an incurred loss. 10 common car insurance terms.

August 22 2016 shares when you shop through retailer links on our site we may earn affiliate. And tips for not paying a premium price on the premiums. Key car insurance terms.

If your insured vehicle collides with another object collision coverage pays for the damage to your vehicle. Although still used today to insure substandard risks two wheel motorized vehicles and commercial autos the basic auto policy has been primarily replaced by the personal auto policy which combines both physical damage coverage and liability insurance for claims arising out of the ownership or use of a vehicle. Basic auto insurance terms.

Casualty liability or loss resulting from an accident. Updated on monday february 12 2018 by steve bowen. Collision coverage may extend to a non owned car or one rented for.

10 car insurance terms you need to know. An anti theft device is one that you use to deter someone from stealing your car. A to z of car insurance.

It can also help you compare car insurance rates accurately as you re shopping for car. Knowledge is power when it comes to buying car insurance and understanding the legal terms can help guarantee you get the coverage you need.