Auto Insurance Flashcard

Front

What is an Agent in auto insurance?

Back

A local professional paid by an insurance company to sell policies.

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What does Underinsured Motorist coverage pay for?

Back

Injuries caused by a driver who doesn’t have enough insurance to cover your loss.

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What is the purpose of Medical or Personal Injury coverage?

Back

It pays accident-related medical bills for you and your passengers, regardless of who’s at fault.

Front

What is a Claim in the context of auto insurance?

Back

Your notice to the insurance company that a loss has occurred.

Front

What does Property Damage Liability cover?

Back

It pays for damage to others’ property resulting from an auto accident that is your fault.

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What is Comprehensive coverage?

Back

Insurance that covers damage to your vehicle not involving a collision, such as theft or natural disasters.

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What is Collision coverage?

Back

Insurance that pays for damage to your vehicle resulting from a collision with another vehicle or object.

Front

What is a Premium in auto insurance?

Back

The amount you pay for your insurance policy, typically on a monthly or annual basis.

Front

What is a Deductible in auto insurance?

Back

The amount you must pay out of pocket before your insurance coverage kicks in.

Front

What is the purpose of Bodily Injury coverage?

Back

It pays for injuries that you cause to another person in an accident.