Definition Auto Insurance

Vehicle insurance also known as car insurance motor insurance or auto insurance is insurance for cars trucks motorcycles and other road vehicles its primary use is to provide financial protection against physical damage or bodily injury resulting from traffic collisions and against liability that could also arise from incidents in a vehicle.

Definition auto insurance. Iso commercial auto and commercial general liability cgl insurance policies any land motor vehicle trailer or semitrailer designed for travel on public roads. It is a form of risk management primarily used to hedge against the risk of a contingent or uncertain loss. This insurance covers damage to your car and any other vehicles that you might be driving. An entity which provides insurance is known as an insurer insurance company insurance carrier or underwriter a person or entity who buys insurance is known as an insured or as a policyholder.

Auto insurance is a contract between you and the insurance company that protects you against financial loss in the event of an accident or theft. An auto insurance is a policy purchased by vehicle owners to mitigate costs associated with getting into an auto accident. This insurance helps mitigate monetary harms due to accidents causing damage to the vehicles. Insurance is a means of protection from financial loss.

In other words you want to be sure that the quotes you get are for identical or at least very similar auto insurance policies. Once you have a better idea of the type of coverage you re looking for in a policy this will be easy. The premium amounts that are payable by the person securing. Instead of paying out of pocket for auto accidents.

Liability car insurance is the part of a car insurance policy that provides financial protection for a driver who harms someone else or their property while operating a vehicle. However comprehensive insurance covers damage that is the result of incidents and not collisions. Auto insurance provides coverage for. Financial protection against loss as a result of an automobile accident or theft meaning pronunciation translations and examples.

Auto as the term is currently defined in insurance services office inc. Comprehensive coverage includes damage to your car that is the result of vandalism theft floods or a tree falling on it. Or any other land vehicle that is subject to a compulsory or financial responsibility law or other motor vehicle insurance law where it is licensed or. Understanding auto insurance the basics.