Automobile Insurance
1. Accident zone - an area of an interstate highway to which automobiles involved in an accident are moved.
2. Aggressive driving - unsafe driving actions, such as speeding, tailgating, running red lights, weaving in and out of traffic, or "road rage."
3. Automobile Insurance – insurance that provides protection to owners and operators of motor vehicles.
4. Bodily Injury Liability – in auto insurance, liability coverage that pays for physical injury to people in other vehicles.
5. Collision Coverage – in auto insurance, coverage for damage to a car from a collision, no matter which driver is liable.
6. Comprehensive Coverage – in auto insurance, coverage for physical damage to a car caused by something other than a collision.
7. Declaration Page – the page of an insurance policy that summarizes the terms of that particular policy.
8. Depreciation – the reduction in the values of property as it gets older.
9. Endorsements – an amendment to an individual policy that reflects any changes to the standard policy.
10. Exclusions – the section of an insurance policy specifying the losses that are not covered.
11. GAP Insurance – pays the difference between the amount your insurer pays for a totaled car and the amount owed on the lease or loan
12. Liability Coverage – legal responsibility to provide compensation for certain types of injury or loss.
13. Medical Expenses Coverage – automobile insurance that pays for any physical injuries you or your passengers sustain while in the vehicle or while you
are a pedestrian.
14. Personal Auto Policy – an auto insurance policy designed for personal use of a private passenger vehicle.
15. Personal Injury Protection Coverage – in auto insurance, a product option that adds medical coverage.
16. Points - penalties accumulated on a person's driving record because of traffic violations and accidents.
17. Physical Damage Coverage – refer to comprehensive and/or collision insurance.
18. Property Damage Liability Coverage – automobile insurance that covers damage (when you are at fault) to other vehicles or other property, such as a
fence or garage door.
19. Restricted license - driver's license, often for teens, that has specific requirements attached, such as the right to drive alone only during daylight hours unless accompanied by an adult age 21 or over.
20. Riders – an amendment or addition to a policy, similar to an endorsement
21. Underinsured Motorist Coverage – auto insurance coverage that compensates the insured for losses greater than those covered by the liable driver
22. Underwriting – classifying risks of insured and assigning rates, also includes rejection of those who do not qualify
23. Uninsured Motorist Coverage – auto insurance coverage that compensates insured for losses caused by a driver who is not insured
1. Accident zone - an area of an interstate highway to which automobiles involved in an accident are moved.
2. Aggressive driving - unsafe driving actions, such as speeding, tailgating, running red lights, weaving in and out of traffic, or "road rage."
3. Automobile Insurance – insurance that provides protection to owners and operators of motor vehicles.
4. Bodily Injury Liability – in auto insurance, liability coverage that pays for physical injury to people in other vehicles.
5. Collision Coverage – in auto insurance, coverage for damage to a car from a collision, no matter which driver is liable.
6. Comprehensive Coverage – in auto insurance, coverage for physical damage to a car caused by something other than a collision.
7. Declaration Page – the page of an insurance policy that summarizes the terms of that particular policy.
8. Depreciation – the reduction in the values of property as it gets older.
9. Endorsements – an amendment to an individual policy that reflects any changes to the standard policy.
10. Exclusions – the section of an insurance policy specifying the losses that are not covered.
11. GAP Insurance – pays the difference between the amount your insurer pays for a totaled car and the amount owed on the lease or loan
12. Liability Coverage – legal responsibility to provide compensation for certain types of injury or loss.
13. Medical Expenses Coverage – automobile insurance that pays for any physical injuries you or your passengers sustain while in the vehicle or while you
are a pedestrian.
14. Personal Auto Policy – an auto insurance policy designed for personal use of a private passenger vehicle.
15. Personal Injury Protection Coverage – in auto insurance, a product option that adds medical coverage.
16. Points - penalties accumulated on a person's driving record because of traffic violations and accidents.
17. Physical Damage Coverage – refer to comprehensive and/or collision insurance.
18. Property Damage Liability Coverage – automobile insurance that covers damage (when you are at fault) to other vehicles or other property, such as a
fence or garage door.
19. Restricted license - driver's license, often for teens, that has specific requirements attached, such as the right to drive alone only during daylight hours unless accompanied by an adult age 21 or over.
20. Riders – an amendment or addition to a policy, similar to an endorsement
21. Underinsured Motorist Coverage – auto insurance coverage that compensates the insured for losses greater than those covered by the liable driver
22. Underwriting – classifying risks of insured and assigning rates, also includes rejection of those who do not qualify
23. Uninsured Motorist Coverage – auto insurance coverage that compensates insured for losses caused by a driver who is not insured