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 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 two primary loss-history databases, the Comprehensive Loss Underwriting Exchange, or CLUE, for homeowners policies and the Automobile-Property Loss Underwriting system, or A-PLUS, for property and automobile policies can lead to adverse underwriting decisions based on an insured's mere inquiry about possible coverage, or on losses suffered by a former property owner due to his or her negligence.
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.
There is no additional charge for this coverage enhancement, which is available as an endorsement to commercial automobile policies issued by Chartis insurers.
SAN DIEGO -- EMB, a global property and casualty (P&C) consulting firm, has developed a new technique for insurers to build proprietary vehicle symbol definitions based on their own loss experience from personal automobile policies.
Mosley's practice focuses on insurance law, specializing in examinations under oath and insurance coverage work in property and claims under commercial, homeowners, renters and automobile policies.
MCIC, SNIC, Trinity Lloyds and TUIC provide the group additional diversification with a platform that currently writes small commercial packages, workers' compensation and commercial automobile policies.
The Hanover's new Total Household Rewards coverage benefits customers when they have both their home and automobile policies with The Hanover.
The rating system, as well as a multi-policy discount for customers who purchase both Chubb homeowners and automobile policies, has been launched in Illinois, Minnesota and Ohio as part of a nationwide implementation.
If approved by the Division of Insurance, the discount would apply to eligible Massachusetts private passenger automobile policies for members of Massachusetts AAA clubs.

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