Auto Insurance Meaning

Vehicle insurance also known as car insurance motor insurance or auto insurance is insurance for cars trucks motorcycles and other road vehicles.

Auto insurance meaning. Coverage for damage to your car caused by hitting another car or object like a tree or fence. In exchange for your paying a premium the insurance company agrees to pay your losses as outlined in your policy. Associateship of the chartered insurance. Instead of paying out of pocket for auto accidents people pay annual.

American contractors insurance group. Excesses mainly exist to deter people from claiming really small damages or claiming things too often. Auto insurance is a policy purchased by vehicle owners to mitigate costs associated with getting into an auto accident. Standard auto insurance is basic auto insurance generally offered to drivers with clean driving records who fall into an average risk profile.

Agri business insurance services. Although car insurance protects you it can pay for your loss in the event 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. More introduction to auto insurance. American commerce insurance company.

If you don t have it you could be on the hook for paying for repairs completely out of pocket. Do i need collision insurance. A request for payment from your car insurer to cover vehicle repairs injury treatment or other costs. Allied cooperative insurance group.

This is an optional coverage in most states meaning you can choose to add it to your policy. Auto club family insurance company. It s a toughie when you re already stressed out from needing to make a claim but unfortunately all insurers have excesses in place. A car insurance excess is the amount you pay when you want to make a claim.

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. If you hit a groundhog squirrel moose or even hit a deer with your car hitting an animal is covered by the comprehensive coverage of your auto policy. Its 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.