Car insurance definition

Vehicle insurance is insurance for cars, trucks, motorcycles, and other road vehicles. Feb An auto insurance is a policy purchased by vehicle owners to mitigate costs associated with getting into an auto accident. Standard auto insurance refers to the most basic auto insurance offered to drivers who fall into an average risk profile. In exchange for your paying a premium, the insurance company agrees to pay your losses as outlined in your policy.

Property – such as damage to or theft of your car. You agree to pay the premium and the insurance company agrees to pay your losses as defined in your policy. Motor vehicle insurance , also called automotive insurance, a contract by which the insurer assumes the risk of any loss the owner or operator of a car may incur. Definition : More popularly known as motor insurance , this type of insurance provides cover for loss or damage to any vehicle like car , two-wheeler or commercial . English dictionary definition of car insurance.

Like buying a car , there is no single best solution when it comes to buying insurance. Make sure that price is not the only factor you think about when you choose . Definition of automobile insurance : Policy that commonly includes some or all of the following: (1) Bodily injury liability for injury of death resulting from a collision. There is a large range of specific auto insurance terms. This glossary will cover terms and definitions that are beneficial to know.

Dec Definition and examples of comprehensive car insurance coverage. What kind of accident does it cover? Do you know exactly what full coverage auto insurance entails?

It is important both you and your agent agree on the definition. Click to read more about how insurers define and compare collision vs. Comprehensive car insurance covers damages from an act of Go or events that are . Learn what the different types of auto insurance are and what they cover with this. Insurance terms, definitions and explanations are intended for informational . When you start to consider the various types of auto insurance coverage available it can get overwhelming. Most states have a minimum requirement for the amount of liability insurance coverage that drivers must have.

If there is a covered accident, collision coverage will pay for. Get a clear understanding of auto insurance legal terms in our glossary. Auto liability coverage comes in. Know these car insurance definitions. Jun In short, the best comprehensive car insurance definition is that comprehensive coverage is for things that cause damage to your car that are . Liability car insurance is required by out of states, also the District of Columbia.

But, do you know what liability insurance is or how it benefits you? Understanding why you need auto insurance on your personal vehicle is easy. A vehicle getting regular business use is defined as one that is used for . What is comprehensive car insurance ? Car Insurance Terms and Definitions. Aug Learn who and what car insurance policies cover, how premiums are calculate and types of settlements to expect.

Browse our insurance glossary for the knowledge to fully understand your coverage. Car insurance terminology is confusing. Oct Third party car insurance is often double the price of a fully comprehensive policy.

Find out why third party cover is so expensive and compare . What types of coverages are available with your auto insurance policy? See more on what it covers. Private car insurance covers the motor insurance needs of individuals and businesses using private cars, as opposed to goods carrying vehicles, passenger.

Mar No insurance policy can cover you and your car in every circumstance. Plymouth Rock Assurance provides a glossary of auto insurance terms and a detailed description about definitions and industry phrases. When you are found legally responsible for a car accident, bodily injury liability coverage is the part of your insurance policy that pays for the costs associated . Let The Hartford help you choose the best car insurance coverage for your needs. Sep Then you get your car fixxed or replaced. If you drive, you may be required to purchase car insurance.

Some states offer a special type of insurance called no-fault insurance. Established by provincial and territorial governments, mandatory auto insurance ​ is the minimum amount of coverage every vehicle owner must have. Learn more about auto insurance and the coverage you are required to carry. Each type of insurance coverage has a limit, meaning that the insurance.

Coverage for motorized land vehicles (e.g., passenger type automobiles, pickups, vans, trucks and motorcycles). Get smarter about how much auto insurance coverage to purchase. Learn more, or contact a Farmers agent to help you make the right coverage choices for your . Before buying a car, determine your insurance costs.