See also General Provisions, Definitions, Exclusions and. Statutory Conditions of this Policy. SECTION B - ACCIDENT BENEFITS. The Insurer agrees to pay to or. Insured item – the thing that's covered by an insurance policy. It could be your car, your home, your personal property (the contents of your home), or a. Automobile Liability Insurance - coverage for bodily injury and property damage incurred through ownership or operation of a vehicle. Back to the Top. B. The purpose of auto insurance is to protect a vehicle's owner against financial loss as a result of an accident involving that vehicle. Whether the insured's. Bodily Injury Liability — This covers costs associated with injuries and death that you or another driver causes while driving your car. Property Damage.
Learn about our Group Rates for Auto Insurance. Signature by Acera provides If you have any questions or need help understanding your policy. Automobile insurance is designed to help protect you, others involved in an accident and your car. Coverage requirements can vary from state to state. Don't be intimidated by specialized insurance language. Below you'll find definitions of some of the most common terms used when dealing with auto insurance. See what you can save on car insurance. · What Are the Components of an Auto Insurance Policy? · Common Types of Insurance Coverage · Collision Coverage. Definitions and Interpretation. For the purpose of this section, with respect to a claim for damage to the automobile and its equipment, the insured is the. Policy terms are usually six- or month timeframes and are renewable. An An umbrella insurance policy is a type of personal liability coverage that covers. Insurance Guide. These definitions are offered to give you a general understanding of the terms you may hear that are associated with automobile insurance. The purpose of auto insurance is to protect a vehicle's owner against financial loss as a result of an accident involving that vehicle. Whether the insured's. Third-party liability coverage: This section of your automobile insurance policy protects you if someone else is killed or injured or their property is. Insurance is a contract – also known as a policy – that protects you against financial loss under certain circumstances. Understanding your policy includes.
This is pretty common in most auto insurance policies, and it simply means that if you lend someone your car, they're covered under your policy. So, if you're. Car insurance terms explained. Knowing what coverages you need for your car is important because you could be paying more than you have to. Coverage protecting you financially in the case of damage to your car resulting from an accident where you're found at fault. It also covers damage to your. Insurance is a contract – also known as a policy – that protects you against financial loss under certain circumstances. Understanding your policy includes. Our comprehensive guide to common insurance terms will give you everything you should know about insurance policies, coverages, and basic terminology. Most auto insurance policies contain three major parts: liability insurance for bodily injury, liability insurance for property damage and uninsured/under-. Our list of insurance terminology can help you not only understand your policy better, but also help you decide which coverages are right for you. General Terms. Auto · At-fault. You are deemed responsible for a collision. · Not at fault. According to the standard fault determination rules used by the. Glossary of Insurance Terms · Peril: The cause of a possible loss. · Policy: The written contract of insurance. · Policy Limit: The maximum amount a policy will.
This is pretty common in most auto insurance policies, and it simply means that if you lend someone your car, they're covered under your policy. So, if you're. You need to at least understand the basic auto insurance terms because they spell out what you are and aren't covered for in your policy. Section A covers civil liability (explained below). Every car owner must have Section A insurance. Section B covers damage to your own car. You can decide. Comprehensive Auto Coverage Covers the loss or damage due to miscellaneous causes such as fire, theft, windstorm, and vandalism. Compulsory Insurance Insurance. The portion of the automobile insurance policy that pays for the cost of repairing the vehicle in the event of an at fault collision loss by the insured.