Car Insurance – A New Glossary of Auto Insurance Terminology

Share Article

AutoInsurance-Quote.net has produced a glossary that helps to explain the meaning behind the complex terms found in policies. The glossary aims to help motorists ensure that they understand what their insurance covers.

Your online insurance service

Your online insurance service

Some highlights of the glossary include explanations of bodily insurance coverage, collision cover, medical payment coverage, personal injury coverage and levels of deductibles.

The National Association of Insurance Commissioners has calculated that 12 million auto accidents occur within the United States each year. Of this number, a sizeable proportion involves motorists that are under-covered by their car insurance policies. As such, vehicle accidents can cause serious financial loss from property damage, medical expenses and associated legal costs if parties are sued for negligence.

AutoInsurance-Quote.net has produced an easy-to-follow glossary of commonly used terms in policies. Focusing on the level of coverage and the parties protected, the glossary is available to consumers for free via the website.

AutoInsurance-Quote.net announced the publication of the glossary in the following official statement.

“We are pleased to announce the availability of a new jargon-busting glossary on auto insurance terminology. This guide can be used in two highly practical ways that may save your finances from taking a serious hit. One way is to use the guide before opting into a new insurance policy to make sure that the level of coverage a policy holder will get is exactly what is needed for their circumstances and risk profile.

The statement concluded, “For those motorists already with a policy, the guide can help explain what their policy means and help ascertain if more coverage needs to be added or if the policy leaves them over-insured and is in need of modification. In both scenarios, we hope to offer a plain-speaking explanation of what confusing terms really mean for your protection and that of your family, passengers or third-parties.”

Some highlights of the glossary include explanations of bodily insurance coverage, collision cover, medical payment coverage, personal injury coverage and levels of deductibles.

AutoInsurance-Quote.net helps consumers obtain local car insurance quotes, either by ZIP code or state. Car insurance is necessary to protect motorists’ finances and pay for damage should accidents or collisions occur. The site promotes motorists obtaining insurance in line with the laws of most U.S. states, which require the owner of the vehicle to purchase insurance or provide proof of financial solvency that can cover the costs of associated losses.

To read the glossary in full or to use the free quote service, visit: http://www.autoinsurance-quote.net/a-glossary-of-commonly-used-car-insurance-terminology/tips-and-advice/

Share article on social media or email:

View article via:

Pdf Print

Contact Author

Nati Malka
Visit website