Do not be intimidated by specialized insurance language. Below you will find some of the most common definitions of terminology when it comes to auto insurance.
Corrector
Insurance employee or contractor who reviews damages and damages caused by an accident settlement and approvals of such claims.
Liability for bodily injury
Usually allotted by state law, it includes insurance costs this provision associated with injuries and death that you or another driver causes while driving your car.
Demands
A formal request to the insurance company to pay for your insurance policy.
Collision coverage
The optional coverage you reimburse for damages to your car that occur as a result of a collision with another car or other object, for example, a tree or a handrail when you are wrong. As long as the collision coverage does not reimburse you for a mechanical malfunction or normal wear and tear due to the use of your car, and will cover damages caused by drilling or rolling your vehicle.
Broad coverage
Cover against theft and damage caused by another collision incident, such as fires, vandalism, hail, flooding and falling rocks and other events.
Results-based credit insurance
The secret arrangement developed by the insurance companies in your credit history, which can be used to determine the cost of your basic insurance policy. And management has been the result showed, good credit indicates that the money likely to be a good indicator of whether a person is more likely to apply for health insurance.
Discount
Deduction of the compensation insurance of payments that you are responsible for them. For example, if you have a $ 500 deductible for collision coverage, an accident caused $ 2,000 damages in the car, you pay $ 500 and the insurance covers the remainder of the $ 1,500. No deduction to cover your liability.
Driving on the defensive
Driving in a way that reduces the possibility of an accident. Include defensive driving techniques and maintain a safe distance, exploring the road, keeping both hands on the steering wheel, and much more. If you take a defensive driving course, you may be able to get a discount on the insurance in your own car.
Decrease in value
The value of the car after it has been in an accident and repaired. Even though the car may look good, it is worth less than its value before the accident. If you are a victim of an accident, you may be able to collect payment for the decrease in the value of the car, behind the repair costs.
Distracted driving
Driving distracted is dangerous and is illegal in most cases. Text messaging and phone use is the most famous distraction, but playing with your radio, look at a map or GPS, and eat and drink, talk to passengers and apply makeup also take the view of the road and raise the Risk of an accident. Traffic to send text messages or use phone entries, as well as accidents caused by distracted drivers, can lead to higher private insurance rates.
Gap Insurance
As soon as you drive a new car out of dealer lots, and start your worth to fall. And if you lease or finance a car, you have to be responsible for the total amount you owe yet if something happened to it, but the collision and comprehensive insurance covers only the actual market value of the car. Insurance covers the difference between the two amounts is a car gap worth and what you owe for it. The cover can be purchased from a car dealer or directly from your insurance company. For rented cars, they usually laminate insurance shortfall in lease payments.
Responsibility
A legal obligation to reimburse others for damages or injuries they cause. Almost every state requires you to have liability insurance for your car, so if you or someone driving your car causes an accident, and the victim receives adequate compensation.
Medical Payment / Personal Injury Protection (PIP)
The coverage that provides the payment of medical expenses for injuries you or your passengers result from an accident where you or anyone who uses your car is to blame. This coverage can also pay for lost wages and other related expenses.
OEM parts and in car accident
Shock parts are those that form the outer "skin" of the Ntrbat such as fenders, hoods, doors and panels are often damaged in traffic accidents. And called spare parts provided by the original equipment manufacturer of the vehicle specific manufacturer (OEM) parts. It pieces that are made by the manufacturer last year in which parts or after market crash and are generally less expensive game, equally safe to cut the well-known OEM auto parts.
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