Auto Insurance Meaning And Definition
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.
Auto insurance meaning and definition. Verifyerrors message verifyerrors verifyerrors message. Financial protection against loss as a result of an automobile accident or theft meaning pronunciation translations and examples. More popularly known as motor insurance this type of insurance provides cover for loss or damage to any vehicle like car two wheeler or commercial vehicle etc. Insurance is a means of protection from financial loss.
This insurance helps mitigate monetary harms due to accidents causing damage to the vehicles. 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. The premium amounts that are payable by the person securing. Insurance definition is coverage by contract whereby one party undertakes to indemnify or guarantee another against loss by a specified contingency or peril.
Insurance is an arrangement in which you pay money to a company and they pay money to. It is a form of risk management primarily used to hedge against the risk of a contingent or uncertain loss. 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. Meaning pronunciation translations and examples.
How to use insurance in a sentence. Auto insurance provides coverage for. Vehicle insurance may additionally offer.