Auto Insurance Basics
Auto insurance generally involves financial protection associated with certain vehicle-related risks. The specific protections available and requirements that apply can vary depending on factors such as location, vehicle use, applicable laws, and individual circumstances.
Key Terminology
The amount associated with maintaining an insurance policy over a particular period.
An amount that may be paid by the policyholder toward certain covered losses before the insurer contributes according to the policy terms.
The maximum amount an insurer may pay for a particular covered loss or category of coverage, subject to the policy.
Coverage that may apply when an insured person is legally responsible for certain injuries or property damage involving another party.
A request submitted to an insurer for consideration of a loss or incident under the applicable policy.
A circumstance or type of loss that may not be covered under particular policy terms.