The Most popular car insurance terminologies in USA 2023.
The Most popular car insurance terminologies in USA 2023.
The Most popular car insurance terminologies in USA 2023 like as Premium, Collision etc.
Here are some common car insurance terminologies:
Premium: The amount of money you pay for your car insurance coverage.
Deductible: The amount you must pay out of pocket before your insurance coverage kicks in.
Liability: Insurance that covers the cost of damage or injury that you cause to someone else.
Collision: Insurance that covers the cost of damage to your own vehicle caused by a collision.
Comprehensive: Insurance that covers the cost of damage to your vehicle caused by things like theft, vandalism, or natural disasters.
Bodily injury liability: Insurance that covers the cost of injury to someone else in an accident that you caused.
Property damage liability: Insurance that covers the cost of damage to someone else's property in an accident that you caused.
Uninsured/underinsured motorist coverage: Insurance that covers the cost of damage or injury caused by a driver who is uninsured or has insufficient insurance coverage.
No-fault insurance: Insurance that covers the cost of damage or injury regardless of who is at fault in an accident.
Gap insurance: Insurance that covers the difference between the value of your car and the amount you owe on your car loan or lease in the event your car is totaled.