Auto Insurance Terms Quizlet

Insurance terms definitions and explanations are intended for informational purposes only and do not in any way replace or modify the definitions and information contained in individual insurance contracts policies or declaration pages which are controlling. A glossary of auto insurance terms can really help you understand your policy as you deal with a claim. The limit at which a policy that is an umbrella type insurance coverage plan kicks in and takes effect is called the self insured retention and it functions as a deductible that the policyholder has to pay before the insurance takes the claim.

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If your insured vehicle collides with another object collision coverage pays for the damage to your vehicle.

Auto insurance terms quizlet. The other driver is injured and your insurance covers the medical expenses of the victim. Learn auto insurance terms with free interactive flashcards. It can also help you compare car insurance rates accurately as nerdwallet logo. A pickup or van titled to and used in the named insured s business.

Comprehensive insurance an auto insurance policy that covers damage to the policy holder s vehicle that was not sustained in a motor vehicle collision such as acts of god impacts with an animal fire theft or other damage. An auto insurance policy that insures and covers damage to the policy holder s vehicle that was sustained in a car accident with another vehicle or property. A crash or conflict insurance designed to pay for the repair or replacement of the. Any private passenger auto titled to the named insured c.

Such terms and availability may vary by state and exclusions may apply. You are involved in a two car accident in which you are at fault. Choose from 500 different sets of auto insurance terms flashcards on quizlet. With respect to auto insurance the term owned autos includes all of the following except a.

Collision coverage may extend to a non owned car or one rented for personal use that is in your custody or that you re operating. Policies that are designed to cover all damages to a vehicle past a certain point. In auto insurance liability coverage that pays for physical i the act or process of colliding. Auto insurance terms study guide by chynnagirl98 includes 22 questions covering vocabulary terms and more.

A pickup or van acquired by the named insured during the policy period d. Classic car insurance covers your collectible vehicle up to an agreed value decided by you and your insurance company. This type of insurance coverage is called. Quizlet flashcards activities and games help you improve your grades.