jacksonville mortgage refinancing: Car Insurance Terms and Glossary

No Car Insurance resource would be complete without a comprehensive glossary of insurance terms car. We've compiled a list of terms and their definitions to better help you navigate the sometimes confusing world of insurance
Accident - a sudden unexpected event that causes property damage or bodily injury to a person vehicles. This event may be that the fault is not to blame, and it may be unreported or report. An accident involving the collision of two cars may be considered.
Accident Report Form submitted a report by the police, often called the police report, which contains important information on car collision. This report will include the names of all individuals involved in the funds involved, property damaged and citations were issued.
Turner is the man who will evaluate the actual loss of an accident or other incident, the release policy. They make a decision on how much will be paid by the insurer is auto insurance policies
Agent - This is a licensed and experienced person who is authorized to sell and service insurance for auto insurance companies.
Guilty - This is the amount that you, the policy holder, or to cause auto collision. This is a decision that has been paid by the insurance agency, which is part of the losses.
Auto Insurance Score - This is similar to a credit score is a score that assesses the information in your consumer credit report. These scores are used when determining your auto insurance pricing negative marks on your credit report, you can increase your auto insurance premiums. Pricing varies not use this information to determine policy in the state.
Car Insurance - This is a type of insurance policy that covers losses involving cars and protect: Auto insurance coverage to include a wide range depending on the needs of property owners for property damage and bodily injury responsibility, uninsured motorist, medical payments, comprehensive and collision are some general auto insurance coverage offered under
Binder - This is a temporary short-term political agreement to put in place the policy into a permanent position or a formal surrender.
Bodily injury liability - this is a fragment of the insurance, which may include the cost of any damage. It may include lost wages and medical expenses.
Broker - a licensed person who, in your behalf, sells and services a variety of insurance policies.
Lodge - This is a formal notice to your insurance company that a loss has occurred, which may be covered under the terms of the auto insurance policy.
Claims adjuster - This person works for an insurance agency will investigate and settle all claims and losses, A representative of the insurance agency to verify and ensure that all aspects of the loss, and the right to receive just compensation.
Clash - the portion of the insurance policy that covers damage to your car is hit by another object. Objects may include, but are not limited to, a building other cars, curbs, guard, train, tree, fence or telephone POLE. A deduction will apply to your insurance company will go after the cost of insurance would be the fault of the other party.
The Commission is a part of the auto insurance policy that is paid to the insurance agent on behalf of the company's sales and customer service policies.
Comprehensive - This is part of an insurance policy that covers more than the damage caused by a collision with another object or running. A deduction will apply: This includes, but is not limited to vandalism, storm damage, fire, theft, etc.
The loss is a loss to yourself, other people or property, or in your car, which is covered by auto insurance
Announcements page - this is the part of the insurance policy, which includes the legal name of your insurance company, your full name, full legal Car information, including the vehicle identification number or VIN, policy information, policy number, deductible amounts. This page is usually the first page of the insurance policy.
This is part of the auto insurance deductible amount, the amount that must be paid up front before the insurance company contributes to the policy owner is obligated to pay any benefit and this amount can be within a wide price range of about $ 100 - $ 1000. Large amount of the deductible the lower your normal pay monthly / annual policy cost. This is part of the auto insurance, comprehensive and collision coverage, which applies only to:
Discount - a reduction in the total cost of your insurance deductions will be given a number of different reasons, including a good driving record, grades, age, marital status, features and safety equipment on cars.

jacksonville mortgage refinancing

Monday, November 12, 2012

Car Insurance Terms and Glossary

No comments:

Post a Comment

Jacksonville Home Mortgage Refinance Blogs

Other Home Mortgage and Loan Blogs

Other Refinance Blogs

Followers

Blog Archive

About Me

Dealing With Bad Credit

Finance Blogs