Auto Insurance Key Terms
Here is a translation of some basic insurance lingo.
Auto insurance key terms. 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. Learn vocabulary terms and more with flashcards games and other study tools. Key terms for understanding car insurance quotes. Updated on monday february 12 2018 by steve bowen.
All in simple english. 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. A glossary of auto insurance terms can really help you understand your policy as you deal with a claim. Car insurance is a contract between you and your insurance company.
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. 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. And tips for not paying a premium price on the premiums. Ends in 03d 07h 04m 50s.
An auto insurance policy term is the length of time you are actively insured under your policy. Start studying auto insurance key terms. Auto insurance declaration page. 10 common car insurance terms.
Start studying auto insurance key terms. By applying for coverage you re agreeing to pay an auto insurance premium to the insurance company. Here is an insurance glossary or list of travel insurance terms that you need to know when searching for a policy. If you feel like you need to take a foreign language course to speak insurance don t worry you re not alone.
Learn vocabulary terms and more with flashcards games and other study tools. 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. Key car insurance terms. Auto insurance glossary of terms.
In return that company agrees to pay covered costs associated with an auto accident once the deductible has been met under the policy terms. 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.
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