Auto Insurance Terms Quizlet

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. A glossary of auto insurance terms can really help you understand your policy as you deal with a claim. 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.

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Any private passenger auto titled to the named insured c.

Auto insurance terms quizlet. Policies that are designed to cover all damages to a vehicle past a certain point. Quizlet flashcards activities and games help you improve your grades. You are involved in a two car accident in which you are at fault. 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. 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. 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. It can also help you compare car insurance rates accurately as nerdwallet logo.

Classic car insurance covers your collectible vehicle up to an agreed value decided by you and your insurance company. If your insured vehicle collides with another object collision coverage pays for the damage to your vehicle. With respect to auto insurance the term owned autos includes all of the following except a. A pickup or van acquired by the named insured during the policy period d.

Choose from 500 different sets of auto insurance terms flashcards on quizlet. The other driver is injured and your insurance covers the medical expenses of the victim. A crash or conflict insurance designed to pay for the repair or replacement of the. This type of insurance coverage is called.

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. Learn auto insurance terms with free interactive flashcards. Such terms and availability may vary by state and exclusions may apply. A pickup or van titled to and used in the named insured s business.