Car Insurance Definitions And Terms

Definitions and terms explained.

Car insurance definitions and terms. With that in mind let s spend some time discussing basic car insurance. Terms and definitions of car insurance in uae. Find out the definition of important insurance terms. A glossary of auto insurance terms can really help you understand your policy as you deal with a claim.

New terms will be added to the glossary over time. When you are new to the car insurance scene you might have a lot of questions. For example if a third party damages your car but has no insurance your own insurance will pay you for the loss if you have collision coverage and the company will then attempt to collect that money from the uninsured driver. Car insurance provides protection from losses resulting from owning and operating a car or vehicle.

It can also help you compare car insurance rates accurately as you re shopping for car. New hampshire being the notable exception. These definitions do not alter or modify the terms of any insurance contract. The insurance covers losses to the insured s property and losses for which the insured is liable as a result of owning or operating a car.

A to z of car insurance. Car insurance for dummies. This page provides a glossary of insurance terms and definitions that are commonly used in the insurance business. The definitions in this glossary are developed by the naic research and actuarial department staff based on various insurance references.

Other terms conditions and exclusions apply. Almost all of us buy car insurance but it has provisions that most people know little about. Car insurance isn t the simplest thing in the world and there are a lot of details that you should learn. These car insurance terms will help to educate you and help you to get the best deals on car insurance.

Liberty mutual pay per mile car insurance equals great savings. A form of insurance that protects against losses involving cars. Car insurance is required in nearly every state in the u s. Terminology can often be baffling and the last thing you want is to miss something important in your policy wording.

Glossary of insurance terms. To make things easier we ve compiled an easy to scan glossary of the most frequently used car insurance terms. Please read your official policy for full details about coverages.