We've compiled a list of definitions for the most commonly
used auto insurance terms.
This guide to the most commonly
used auto insurance terms can help you understand exactly what you're getting from a potential car insurance policy.
Not exact matches
Yes, many types of businesses — including
auto and homeowners
insurance companies and phone companies — are
using credit scores to decide whether to issue you a policy or provide you with a service, and on what
terms.
These days, other types of businesses — including
auto and homeowners
insurance companies and phone companies — are
using credit scores to decide whether to issue you a policy or provide you with a service and on what
terms.
It's a
term that's thrown around a lot by people but as applied to
auto insurance claims, it is not
used that often.
You have the freedom to ask the
auto insurance specialist about the legal
terms used in the policy.
This section explains the
terms used in the
auto insurance policy and outlines the exact rights of the person buying the policy and the rights of the
insurance company.
The
term «victim» is
used since the
auto insurance company is writing a check to them, which means they were not deemed at fault by a court of law.
You have heard someone
use the
term, «
Auto insurance umbrella policy,» in reference to an umbrella insurance policy because an umbrella policy can respond to a claim which originates from your auto insura
Auto insurance umbrella policy,» in reference to an umbrella
insurance policy because an umbrella policy can respond to a claim which originates from your
auto insura
auto insurance.
Below you'll find definitions of some of the most common
terms used when dealing with
auto insurance.
This information is
used by
insurance companies to calculate
insurance scores, which in
term is
used to determine your
auto insurance premium.
You'll find that most
insurance company reviews will be consistent in
terms of customer service and convenience, but due to the many factors that are
used to formulate your
auto insurance quote, you'll notice that rates vary greatly from person to person.
State Farm has licenced the
use of the State Farm three oval logo, the
term «State Farm», and other State Farm owned trademarks to Certas Home and
Auto Insurance Company, Desjardins Financial Security Life Assurance Company and State Farm Investor Services (Canada) Co., and Zag Bank.
«Full coverage» is not an actual
insurance coverage, but instead a
term that people often
use when describing the amount of
auto insurance coverage they carry.
The
term «no - fault»
auto insurance is often
used loosely to denote any
auto insurance program that allows policyholders to recover financial losses from their own
insurance company, regardless of fault.
Actually, the phrase «full coverage» can be a little misleading — full coverage doesn't actually exist — it is a
term often
used to refer to the combination of state - required liability or no - fault
insurance and collision and comprehensive coverage — but there are a variety of different types of
auto insurance coverage options you can add beyond «full coverage» to increase your level of protection.
June 10, 2013 - More states are joining others legalizing the
use of «e-cards,» an industry
term describing proof of
auto insurance displayed on digital devices such as smartphones and tablets.
Like with home or
auto insurance,
term life
insurance is something you hope to never
use, but are wise to have it just in case.
Short
term auto insurance is generally not good for frequent
use.
State Farm has licensed the
use of the State Farm three oval logo, the
term «State Farm» and other State Farm owned trademarks to Certas Home and
Auto Insurance Company, Desjardins Financial Security Life Assurance Company, State Farm Investor Services (Canada) Co., Zag Bank, and Desjardins Living Benefits Inc..
A commercial
auto insurance policy meets the unique needs of each company, in
terms of which and how many vehicles will be
used, and for what purposes.
Unfortunately, statewide averages are not much
use to drivers in
terms of actual car
insurance premium rates, as there are some tremendous differences in
auto insurance premium rates between zip codes within the same state.
Ameriprise Financial offers several online resources to help potential customers educate themselves about
auto insurance, including FAQs, a blog, and a glossary of commonly
used terms.
Auto Insurance Terms & Definitions Car insurance can be confusing, so we've compiled a list of commonly used car insurance terms (and what they mean) to help you better understand your
Insurance Terms & Definitions Car insurance can be confusing, so we've compiled a list of commonly used car insurance terms (and what they mean) to help you better understand your opt
Terms & Definitions Car
insurance can be confusing, so we've compiled a list of commonly used car insurance terms (and what they mean) to help you better understand your
insurance can be confusing, so we've compiled a list of commonly
used car
insurance terms (and what they mean) to help you better understand your
insurance terms (and what they mean) to help you better understand your opt
terms (and what they mean) to help you better understand your options.
If you pay for a
term life
insurance policy
using some type of
auto payment method, it can become even more affordable than you think.
If you, however, have a hard time going through all that
terms and jargon, there are now Web sites that offer you
auto insurance dictionaries that explain the various
terms used in
auto insurance related documents.