Car Insurance Terminology

Free Auto Insurance Comparison

secured lock Secured with SHA-256 Encryption

Post

What does recoverable depreciation mean?

Understanding how your insurance company will pay out is essential if you need to file a claim. For example, suppose you have replacement cost coverage. In that case, you may receive a check for recoverable depreciation after you replace or repair your property. However, there are specific requirements you may need to meet to receive...

Understanding how your insurance company will pay out is ess...

Post

What is the car insurance deductible?

In the event of an auto insurance claim, you’ll want to know the definition of a car insurance deductible. The deductible represents your portion of the cost that you pay an insurance company. It’s typically a fixed-dollar amount, and you’ll pay a deductible when you incur a claim that falls under certain coverages in your...

In the event of an auto insurance claim, you’ll want t...

Free Auto Insurance Comparison

Enter your ZIP code below to view companies that have cheap auto insurance rates.

secured lock Secured with SHA-256 Encryption

Post

What does a salvage title mean?

If your vehicle has a salvage title, that means it was declared a total loss by your insurance company after an accident or collision. Insurance companies do not insure salvage titles because salvage vehicles are not legally fit to be driven.  However, once a salvage car is repaired and inspected, it will earn a rebuilt...

If your vehicle has a salvage title, that means it was decla...

Post

What does salvage mean?

The title to your car is proof that you own it. As long as it’s in your name, your state DMV recognizes that the car belongs to you. Usually, you get a clean title when you buy a car, especially if it’s a new vehicle. However, there are other types of titles to look out...

The title to your car is proof that you own it. As long as i...

Post

Rental Car Reimbursement

Rental reimbursement coverage is known for paying back your rental car expenses after your motor vehicle is repaired. The rental car reimbursement program is one of the cheap auto insurance options that make it convenient for a driver who doesn’t have a vehicle to drive after an accident and provides a financial solution to compensate...

Rental reimbursement coverage is known for paying back your ...

Post

What is the difference between an auto insurance company vs. a broker?

What is the difference between an insurance company and a broker? The biggest difference is that an insurance company sells directly to the client, while a broker auto insurance company works with companies to find clients and sell them insurance. Regardless of which method you use, car insurance rates adjust regularly based on a number...

What is the difference between an insurance company and a br...

Post

What is auto insurance?

Your policy will define what losses are covered, and the coverage limits. Auto insurance provides coverage for property, medical expenses, and liability. To find and compare online auto insurance quotes for free, type in your ZIP code here! Property coverage pays if your vehicle is damaged or stolen. Medical coverage pays for treatment of and...

Your policy will define what losses are covered, and the cov...

Post

What is an auto insurance policy number?

Your auto insurance policy number acts to identify your policy with the insurance company. Each company organizes these numbers differently, but your number is specific to your policy. You can find your policy number in many locations. However, the simplest way to make it easily accessible is to carry your auto insurance ID card in...

Your auto insurance policy number acts to identify your poli...

Post

What is a car insurance policyholder?

The policyholder is the person who owns a car insurance policy. The named driver is always liable for paying the bills for the car insurance coverage and must verify any changes to the policy before they can go into effect. Some policies may have more than one owner, which is often the situation for a...

The policyholder is the person who owns a car insurance poli...

Post

Non-Owner Auto Insurance Basics

Most people are familiar with basic auto insurance policies, such as those that cover their personal vehicles. However, you need to realize that there are many forms of specialized liability insurance designed to protect drivers in very specific situations. Non-owned auto insurance is one such policy. By understanding what this policy is, you can decide...

Most people are familiar with basic auto insurance policies,...

Post

What is liability auto insurance coverage?

While car insurance comes in varying sizes and amounts of coverage, there are distinct categories of insurance protection provided to consumers. The most basic of all is what is known as liability auto insurance. Intended or designed to provide a basic financial net that restores an injured party in an automobile accident, liability auto insurance...

While car insurance comes in varying sizes and amounts of co...

Free Auto Insurance Comparison

Enter your ZIP code below to view companies that have cheap auto insurance rates.

secured lock Secured with SHA-256 Encryption