Car Insurance
Auto Insurance
Insurance News
About Us
Glossary
Articles
Short Term Health Insurance
Temporary Health Insurance
Asegure su Automovil sin Problemas
Un Seguro Confiable para tu Carro
Cambie el Seguro de su Carro por uno Mejor
Si Aprecias Tu Carro, Aseguralo
Si Tiene Auto, Necesita Seguro
La Seguridad de Viajar Asegurado
La Seguridad de Viajar Asegurado
Seguros Vehiculares Muy Accesibles
Seguros Automovilisticos Costeables
Contar Con un Seguro de Auto es Muy Importante
Health Insurance
Life Insurance
Motorcycle Insurance
Home Insurance
Renters Insurance
Dental Insurance
Medicare Supplements
Small Business
Car and Auto Insurance Glossary
Personal Injury Protection - This coverage is not available in every state, but where it is available will cover medical expenses no matter who is at fault. You may even benefit from lost wages and other damages. PIP protection is mandatory is some states where there are "no-fault" laws.
Comprehensive Coverage - Comprehensive coverage protects the policy holder in the event something happens other than an accident. If your vehicle is involved in a hail storm, this coverage will provide coverage to help you get your car fixed. You will usually have to pay for your deductible before the repairs can be handled on your vehicle.
Collision Coverage - Collision coverage is designed to pay for damages occurred from an accident no matter whose fault the accident is. With this coverage to take effect the policy holder will usually have to pay for their deductible.
Under-insured Motorist - This covers damages by a driver that has car/auto insurance, but doesn't have enough to pay for all the damages that occurred during the accident. Policy holder will usually have to pay for deductible before repairs may be made.
Uninsured Motorist - Covers damages occurred by an accident involved with a driver that does not have any car insurance coverage. Policy holder may have to pay deductible on car insurance before repairs will be made.
Gap Insurance - Gap insurance will pay you the difference between the actual cash value and the amount you still owe on your loan. Sometimes the Gap Insurance policy will pay for your regular auto insurance deductible.
Deductible - An agreed amount, by the policyholder and the car insurance company, the policy holder agrees to pay per accident on the total amount an insured loss.
Named Excluded Driver - If you have more than one vehicle on your policy or more than one driver, and you do not want a certain driver to drive a certain vehicle you can exclude them from having coverage on that vehicle.
Standard Auto Insurance - Obtaining auto insurance voluntarily, the auto insurance industry at a preferred rate.
Youth operators - An operator that lives with the policy holder, and regularly drives the vehicles on the car insurance policy.
Covered Auto - The vehicles that are covered on your policy.
Physical Damage Coverage - This covers your vehicle from damages from wind, hail, collisions, theft, vandalism, and others. You can even possibly be compensated if something like this happened to you. Make sure you understand the different coverages that are offered to you through your car insurance.
Assigned Risk Plan - This type of plan is designed for people who have a bad driving record, or are a high risk for coverage.
Medical Payment Coverage - This type of coverage is used to pay for medical bills or treatments that was caused by either you or another driver from an accident. This coverage is also optional is some states, where as in other states the coverage is mandatory.
Insuring Agreement - The heart of the auto insurance policy, this describes what is generally covered by this policy.
Bad Faith Claim - This suggests that your insurance company is not standing up to the regulations that are set up for your contract. This may mean your insurance company denies your claim, tries to pay less for you vehicle than what its worth, or to provide an adequate investigation.
Auto Coverage - Policy holder should carry property damage, bodily injury, and liability coverage for owned vehicles for coverage not less than $1,000,000 per accident.
Injury Coverage - The part of the policy that covers injuries caused by another person during an auto accident.
Liability Coverage - This pays for vehicle and bodily damage to other people involved in an accident that was your fault. This will also pay for defense and court costs.
Unearned Premium - The part of your auto insurance premium that is refunded to you if you were involved in an accident that totaled your vehicle before your policy has been renewed or expired.
Policy Territory - The area where your auto insurance will provide you with coverage, usually your home state, example - The United States, Canada, Mexico.
Actual Cash Value - The value of what your vehicle is worth, not what you still owe on your loan.
|
|
