Auto Insurance Terms To Know
Updated on monday february 12 2018 by steve bowen.
Auto insurance terms to know. Here are some of the terms youre going to come across and what they mean. We may receive compensation when you click on links to those products or services. Some people pay for their auto insurance when they buy their first car at sixteen. Others may not have to shop for insurance until buying a home.
What every driver needs to know advertiser disclosure this articlepost contains references to products or services from one or more of our advertisers or partners. Dont get put off by industry jargon. We all reach a point in life where were faced with the decision to purchase our own insurance policies. The payment required for an insurance policy to remain in force.
Shopping for auto insurance. Knowledge is power when it comes to buying car insurance and understanding the legal terms can help guarantee you get the coverage you need. Auto insurance premiums are quoted for either 6 month or annual policy periods. Auto insurance terms you should know policies often contain a variety of terms that can be difficult to understand especially for someone without a background in insurance.
Auto insurance understanding insurance auto insurance terms you need to know by james elliot. Property damage liability coverage part of a standard auto insurance policy that covers you up to the policy limit for losses that result when you damage or destroy someone elses personal property. 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. 10 car insurance terms you need to know.
10 common car insurance terms. April 08 2019. And getting into a car accident is like being dropped in a foreign country. Understanding these car insurance definitions is an important part of shopping for auto insurance.
The following is a list of common auto insurance terms to keep in mind the next time you meet with your insurance broker. Person or persons determined to be the cause of an accident.