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An auto insurance policy that insures and covers damage to the policy holders vehicle that was sustained in a car accident with another vehicle or property.
Auto insurance definition quizlet. An auto insurance policy that covers damage to the policy holders vehicle that was not sustained in a motor vehicle collision such as acts of god impacts with. The insurance deductible is the amount of money you will pay in an insurance claim before the insurance coverage kicks in and the company starts paying you. Choose from 500 different sets of auto insurance flashcards on quizlet. With respect to auto insurance the term owned autos includes all of the following except a.
B the insureds 12 year old child takes the auto for a joy ride. Only a few states require this type of insurance. Learn auto insurance with free interactive flashcards. Business auto physical damage coverage form physical damage protection for the insureds owned or hired vehicles.
A the insured accepts money for using the auto in a car pool. Start studying insurance definition. Once you pay your deductible the insurance. Learn vocabulary terms and more with flashcards games and other study tools.
Auto insurance coverage that pays for each persons financial losses resulting from an automobile accident regardless of who was at fault. Also refers to an auto liability insurance system that restricts lawsuits to serious cases. Any private passenger auto titled to the named insured c. Business auto coverage form covers most commercial auto exposures.
Garage coverage form auto dealerships auto repair trucker coverage form covers truckers who haul goods for others. Learn vocabulary terms and more with flashcards games and other study tools. A pickup or van acquired by the named insured during the policy period d.
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