| A |
- Automobile Insurance
- Auto insurance coverage types include bodily
injury liability, property damage liability,
medical payments, and collision and comprehensive
coverage for physical damage to your vehicle.
|
| B |
- Basic Limits of Liability
- The lowest amount of liability coverage
you can purchase. It's usually the minimum
required by state law.
- Bodily Injury Liability
- A form of auto insurance coverage that protects
against legal liability for causing physical
injury or death to another.
|
| C |
- Collision Insurance
- Covers loss to your own automobile if it
should collide with another vehicle or object.
- Comprehensive Coverage
- Covers vehicle damage caused by fire, theft,
vandalism, and falling objects.
|
| D |
- Deductible
- The amount you have to pay before the insurance
company pays the remainder of a covered loss
(up to the policy limits).
|
| G |
- Gap Insurance
- In the event of a total loss, this optional
auto insurance coverage pays the difference
between the market value of your vehicle and
the amount you still owe on it.
|
| M |
- Medical Payments
- Covers injuries sustained by passengers in your car or while you're operating someone else's car. It also pays for medical and funeral expenses incurred in an accident regardless of fault.
|
| N |
- Named Insured
- Any person, firm, or corporation designated by name as the insured person(s) in a policy.
|
| P |
- Premium
- The price of auto insurance coverage for a specified risk for a specified period of time.
- Property Damage Liability
- A form of auto insurance coverage that protects against liability for damage to someone else’s property.
|
| V |
- Vehicle Identification Number (VIN)
- A 17-digit alphanumeric code that identifies the vehicle's serial number, make, model, options, and year
|
| W |
- Waiver of Collision Deductible
- Pays your deductible when you carry collision coverage on a vehicle damaged by an uninsured or hit-and-run motorist who is at fault.
|
