Automobile Insurance Vocabulary Name: Bodily Injury Liability: Collision: Comprehensive Coverage: Deductible: Insurance Policy: Insured: Insurer: Liability:
Date 20.05.2018 Size 12.52 Kb. #49877
Automobile Insurance Vocabulary
Name: ______________________________________
Bodily Injury Liability:
Collision:
Comprehensive Coverage:
Coverage:
Deductible:
Insurance Policy:
Insured:
Insurer:
Liability: Medical Payments:
Peril:
Policyholder:
Premium:
Replacement Cost:
Risk:
Automobile Insurance Vocabulary--Key
Name: ______________________________________
Bodily Injury Liability: In auto insurance , liability coverage that pays for physical injury to people in other vehicles
Collision: act or process of colliding ; a crash or conflict.
Comprehensive Coverage: Insurance designed to pay for the repair or replacement of the policy owner's car in the event of damage not resulting from an accident.
Coverage: Coverage against a specific type of loss
Deductible: The amount the insured pays on a claim before the insurer pays the remainder
Insurance Policy: A contract written to protect individuals named in the policy against specific future losses
Insured: individual , usually but not always the buyer, covered by an insurance policy
Insurer: The company or agency that writes an insurance policy
Liability: Legal responsibility
Medical Payments: Auto insurance coverage can help to provide medical payment for treatment of bodily injury.
Peril: A cause of loss
Policyholder: owner of an insurance policy
Premium: Payment made by the insured to the insurer
Replacement Cost: What it would cost to replace a piece of property , or rebuild a structure
Risk: A situation in which some kind of loss is possibleShare with your friends:
The database is protected by copyright ©ininet.org 2024
send message
