Auto Insurance Key Terms

All in simple english.

Auto insurance key terms. Ends in 03d 07h 04m 50s. And tips for not paying a premium price on the premiums. If you feel like you need to take a foreign language course to speak insurance don t worry you re not alone. Vehicle identification number vin a vin number is the vehicle identification number which is a combination of 17 letters and numbers that is used to identify the make model and year of a car.

10 common car insurance terms. But you need to at least understand the basic auto insurance terms because they spell out what you are and aren t covered for in your policy. By applying for coverage you re agreeing to pay an auto insurance premium to the insurance company. Auto insurance declaration page.

A loss may include damage to your vehicle liability for damage caused to another vehicle or individual theft medical rental car etc depending on your coverage. Car insurance is a contract between you and your insurance company. Here is a translation of some basic insurance lingo. Here is an insurance glossary or list of travel insurance terms that you need to know when searching for a policy.

Auto insurance glossary of terms. Auto insurance an auto insurance policy is an agreement between you the insured and an insurance company to help protect your financial assets if a covered loss occurs. In return that company agrees to pay covered costs associated with an auto accident once the deductible has been met under the policy terms. Key car insurance terms.

Auto insurance is really several different insurance policies rolled into one. Key terms for understanding car insurance quotes. A glossary of auto insurance terms can really help you understand your policy as you deal with a claim. As a useful guide to insurance vocabulary it will help you understand your coverage or benefits plan page.

Start a free trial of quizlet plus by thanksgiving lock in 50 off all year try it free. Start studying auto insurance key terms. Start studying auto insurance key terms. 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.

Use the form to the right to tell us and we ll add the word term. An auto insurance policy term is the length of time you are actively insured under your policy. Updated on monday february 12 2018 by steve bowen.