Car Insurance Terms and Glossary

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No car insurance service can be eliminated without a comprehensive list of car insurance policies. We’ve compiled a list of words and their meanings to help you navigate the confusing insurance world sometimes

Accident – This is an unforeseen event that causes property damage to a vehicle or ****** personal injury. The event may or may not be faulty and may not be reported or not reported. An accident involving two cars can be called a collision.

Accident Report Form – This is a police report, often referred to as a police report, which contains important information about a car crash. The report will include the names of all the people involved, the vehicles involved, the damaged property and the complaints lodged.

Adjuster – This is the person who will investigate the actual losses reported in the policy after an accident or other incident. They will decide how much to pay for car insurance.

Agent – This is a licensed and qualified person who is authorized to sell and provide insurance policies for a car insurance company.

Error – This is the amount you, the policy owner, contributed or caused an automatic collision. This determines which insurance company pays what portion of the loss.

Auto Insurance Score – This is a school-like credit school that checks the details of your consumer credit report. These schools are used to determine the policy price of your car insurance policy. Bad marks in your credit report can increase your car insurance premiums. The use of this information to determine policy pricing varies from province to province.

Automobile Insurance – This is a type of insurance that covers and protects against losses involving cars. Auto Insurance policies include a wide range of availability depending on the needs of policymakers. Liability for property damage and ****** injuries, unverified motor vehicle driver, medical bills, complete and collision are some of the common items found under the auto insurance policy.

Liability – This is a short-term policy agreement that was put in place when a formal policy was formally adopted or submitted.

****** Injury Debt – This is the category of coverage that covers costs for anyone who may be injured. It can include lost pay and medical expenses.

Merchant – This is a licensed person who sells and provides various insurance policies.

Claim – This is an official notice made to your insurance company that any losses may be incurred under the terms of the auto insurance policy.

Claims Adjuster – This person hired by the insurance agency will investigate and pay all claims and losses. Representative of the insurance agency to ensure and ensure that all those involved in the loss, receive compensation properly and properly.

Collision – The part of an insurance policy that covers your car’s damage to a collision. Items may be included but not limited; another car, a building, curbs, guards, a tree, a fence post or a fence. Withdrawals will be deducted. Your insurance company will follow the insurance policy of other parties for these costs in the event of an error.

Commission – This is part of a car insurance policy paid by an insurance agent for selling and assisting policy on behalf of a company.

Comprehensive – This is part of an insurance policy that covers losses caused by anything other than a collision or collision with something else. Withdrawals will be deducted. These include but are not limited to vandalism, storm damage, fire, theft, etc.

Combined Loss – This is your personal, personal or material damage to your property covered by your motor insurance policy.

Announcement Page – This is the part of the insurance policy that includes all your insurance company’s official name, your full legal name, full vehicle details including vehicle identification or VIN numbers, policy details, policy number, deductible prices. This page is usually the front cover page.

Deductions – This is part of a car insurance policy that the policy owner must pay before the Insurance Company can offer and is expected to pay any benefits. This amount can range in price range and varies from about $ 100 – $ 1000. The larger the amount you pay in the bill will cost your standard monthly / annual policy. This is part of a car insurance policy that will only apply to a full merger or collision.

Discount – This is a reduction in the total cost of your insurance policy. Traction may be provided for a variety of reasons including good driving record, grades, age, marital status, specific features and vehicle safety equipment.

Emergency Road Service – This is part of a car insurance policy that covers the cost of emergency services such as low tires, car keys and towing services.

Authorization – This is any written change made to a motor insurance policy that adds or removes coverage to the policy.

Exclusion – This is part of a car insurance policy that includes any provision that includes people, places or items that are not covered under an insurance policy.

Group One – This is the policyholder, the policy insurer.

Gap Insurance – This is a type of car insurance offered to people who rent or own a car that costs less than the loan amount. Gap auto Insurance will take into account the value between the actual car value and the amount remaining on the loan if the care is stolen or damaged.

High Accident Driver – If you have a variety of negative signs on your insurance record including driving under Influences, multiple road violations, etc.

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