Car insurance

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Car Insurance

An insurance policy providing coverage for damage caused to one's car, the damage the car itself causes, and/or its theft. One pays premiums to the car insurance company in exchange for this coverage. The amount of the premium is determined by the relative danger that the car and driver pose. For example, a sports car will likely command a higher premium than a sedan, and a young driver almost always pay more than an older driver. All U.S. states require drivers to have some form of car insurance.

Car insurance.

Car insurance covers theft of and damage to your car or damage that your car causes, plus liability protection in case you are sued as a result of an accident. Your state may require proof of insurance before you can register your car.

As a car owner, you pay premiums set by the insurance company based on the value of your car and the risk the company believes you pose. The insurance company agrees to cover your losses, subject to a deductible and the limits specified in the contract.

Some states have insurance pools that allow car owners who have been turned down elsewhere to obtain coverage.

References in periodicals archive ?
The most frequent state before the first notification of cancellation is where the customer has contents, house, and automobile policies, whereas the most frequent state after the first lapse is where the policyholder has no coverage at all (which occurs since many households have just one policy).
A copy of the client's homeowners and personal automobile policies should be obtained.
The plaintiff claimed that the punitive damages exclusion was in conflict with the legislative and public policies underlying Arizona's Safety Responsibility Act, which requires certain minimum coverage under all automobile policies issued in Arizona.
A consistent finding of prior research and the FTC's analysis is that credit information, specifically credit-based insurance scores, is predictive of the claims made under automobile policies.
Burnes this summer set in motion a plan that would permit insurers to set their own price for automobile policies, dismantling a 30-year-old practice of having state regulators establish rates for Massachusetts' 4 million drivers.
The concern is that the use of loss-history databases for homeowners and automobile policies can lead to adverse underwriting decisions based on an insured's inquiry about coverage.
The Statute contemplates uninsured motorist coverage in connection with new or renewal automobile policies for motor vehicles and insured registers or principally garages in Washington or waive such coverage in writing.
The company expects to lose a third of those automobile policies as customers shift both products to a carrier that will offer them homeowners insurance, he said.
Apollo of FL's book of business consists of non-standard automobile policies, which have been novated and transferred to OMNI, another issuer of the same type of policies.
2) July 2007: A Federal Trade Commission study concludes, "Credit-based insurance scores are effective predictors of risk under automobile policies.
Along with two acquaintances, 45-year-old Jerry Schatz and 30-year-old Joshua Belville, Reed allegedly submitted more than 33 false and inflated claims on their homeowners' and automobile policies that totaled almost $600,000.
s U-Assist is an automated underwriting system that enables agents to quote and issue new automobile policies as well as changes to existing automobile policies.

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