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A contract for an automobile in which one party agrees to pay foranother partys financial loss resulting from a specified eventfor example a collision theft or storm.
Auto insurance definition. The premium amounts that are payable by the person securing. Auto as the term is currently defined in insurance services office inc. Car insurance insurance against loss due to theft or traffic accidents automobile insurance insurance promise of reimbursement in the case of. Why do you have to buy auto insurance.
Financial protection against loss as a result of an automobile accident or theft meaning pronunciation translations and examples. A motor vehicle registration method that required the operator of a motor vehicle to carry a card that was stamped by each state that the vehicle was operated in. Property such as damage to or theft of your. Although car insurance protects you it can pay for your loss in the even your car is crashed stolen vandalized or destroyed by fire the laws that require car insurance are designed to protect other drivers and pedestrians from you.
Automobile liability insurance only covers injuries or. Auto insurance is a contract between you and the insurance company that protects you against financial loss in the event of an accident or theft. In exchange for your paying a premium the insurance company agrees to pay your losses as outlined in your policy. Iso commercial auto and commercial general liability cgl insurance policies any land motor vehicle trailer or semitrailer designed for travel on public roads.
Auto insurance provides coverage for. Financial protection for a driver who while operating a vehicle harms someone else or their property. Vehicle insurance also known as car insurance motor insurance or auto insurance is insurance for cars trucks motorcycles and other road vehiclesits primary use is to provide financial protection against physical damage or bodily injury resulting from traffic collisions and against liability that could also arise from incidents in a vehicle. Car insurance synonyms car insurance pronunciation car insurance translation english dictionary definition of car insurance.
Almost everywhere laws require that drivers have car insurance. Or any other land vehicle that is subject to a compulsory or financial responsibility law or other motor vehicle insurance law where it is licensed or. Vehicle insurance may additionally offer.
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