Car Insurance Definition

Your car insurance deductible is the amount you have to pay out of pocket in the event of a claim before insurance kicks in. Vehicle insurance also known as car insurance motor insurance or auto insurance is insurance for cars trucks motorcycles and other road vehicles 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. Understanding auto insurance the basics 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.

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Financial protection against loss as a result of an automobile accident or theft meaning pronunciation translations and examples.

Car insurance definition. Contractors all risks car insurance is a non standard insurance policy that provides coverage for property damage and third party injury or damage claims the two primary types of risks on. Car insurance insurance against loss due to theft or traffic accidents automobile insurance insurance promise of reimbursement in the case of. Car insurance synonyms car insurance pronunciation car insurance translation english dictionary definition of car insurance. Car insurance policies have many types of excesses that can apply in different situations.

Learn how car insurance works and what types of coverage are available. Some excesses such as the basic or standard excess will apply whenever you make a claim. Pay less or get 100 we re so confident we offer great prices that if your renewal premium with your current insurer is cheaper than our premium for the same level of cover we ll give you 100. Singapore s first truly customised car insurance with 7 core plans.

Your premium is the amount you pay annually for car insurance. A favorite way to lower car insurance premiums is to increase your deductible. Sometimes it makes sense other times it could be a disaster waiting to happen. In some instances you may have to pay more than one excess when you make a claim.

Always check out your insurance policy so you know what your excess payment would be. Even if you decide not to buy from us. Gap insurance is a type of auto insurance that car owners can purchase to protect themselves against losses that can arise when the amount of compensation received from a total loss does not fully. Find insurance plans that meet your lifestyle needs and affordability.