Commercial Auto Insurance Terms and Definitions - Progressive Commercial Auto Insurance.All-risks Policy Coverage by an insurance contract that promises to cover all losses except those losses specifically excluded in the policy.Physical Damage Damage to or loss of the automobile resulting from collision, fire, theft or other perils.Auto Insurance Terms And Definitions - Find affordable insurance.Using our site, you can receive an instant insurance quote and purchase.Insolvent Having insufficient financial resources (assets) to meet financial obligations (liabilities).Waiver An agreement attached to a policy which exempts from coverage certain disabilities or injuries that otherwise would be covered by the policy.Personal Injury Protection First-party no-fault coverage in which an insurer pays, within the specified limits, the wage loss, medical, hospital and funeral expenses of the insured.
Car Insurance Terminology - Compare free insurance quotes from the best insurers.
This glossary provides terms used in the insurance industry for all types of insurance.These definitions are offered to give you a general understanding of the terms you may hear that are associated with automobile insurance.Broker A marketing specialist who represents insurance organizations and who deals with either agents or companies in arranging for the coverage required by the customer.Absolute Liability Liability for damages even though fault or negligence cannot be proven.Automobile Insurance Terminology - Get free insurance quotes from the top insurers online.Insurance Risk Management Glossary and Dictionary - 3,100 risk and property casualty insurance terms and acronym definitions.
Car Insurance Terms - Just enter your zip code above and get an online insurance quote in minutes.
Learn the basics with our guide to the most commonly used auto insurance terms to help you better understand your car insurance options.
Auto Insurance Terms And Definitions - Need to compare insurance quotes online.Find affordable coverage, apply online in 10 minutes and save over 60%.Claim A request for payment of a loss which may come under the terms of an insurance contract.If the policy is approved, this binds the company to make the policy effective from the date of the receipt.
Here is a partial list of the most common insurance terms relevant to Canadian residents and businesses.
Insurance Canada provides information about insurance terminology through a consumer glossary.Depreciation is used to determine the actual cash value of property (Automobile) at time of loss.
Accident An event or occurrence which is unforeseen and unintended.Automobile Insurance Terminology - Get your free quote today.It only takes a few minutes to complete an online insurance quote.Verbal Threshold In no-fault auto insurance states with a verbal threshold, victims are allowed to sue in tort only if their injuries meet certain verbal descriptions of the types of injuries that render one eligible to recover for pain and suffering.
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