Car insurance

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Related to Automobile Insurance Policy: Health Insurance Policy

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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.

Dictionary of Financial Terms. Copyright © 2008 Lightbulb Press, Inc. All Rights Reserved.
References in periodicals archive ?
The Connecticut provisions, effective October 1, 2009, require time-sensitive disclosure of an insured's automobile insurance policy limits after receipt of a request.
Accordingly, it is not surprising that impaired driving gives rise to a host of commonly-occurring insurance issues in the context of the standard automobile insurance policy.
Cougot said the information related to the school's automobile insurance policy.
Japanese casualty insurers have been confronting difficulties in expanding revenues from their automobile insurance policy sales, the largest source of profits for most nonlife insurers.
These articles provide readers with a very good overview of regulatory changes in the California Insurance Code treating permissible factors that can be used for determining automobile rates and secondarily, reasons available to insurers to cancel or non-renew an automobile insurance policy. Although Proposition 103 repealed the sections of insurance codes in California that prohibited rebating of agents' or brokers' commissions with unlicensed persons, this action has not led to marketing innovations, and it remains to be seen whether there will be any consumer movement leading to the elimination of anti-rebating statutes in other states.
In this action by a provider to recover assigned first-party no-fault benefits, defendant moved for summary judgment dismissing the complaint on the ground that the automobile insurance policy in question had been issued in Florida, and that Florida law applied, pursuant to which there was a lack of coverage due to the valid rescission of the automobile insurance policy.
There is no legal authority to support State Farm's argument that actual notice of an automobile insurance policy cancellation can be imputed to an insured by any means other than that which is provided by the plain text of the statute.
A full day workshop covering the basics of the automobile insurance policy which includes an overview of the major sections and exposure to exclusions and conditions.
Certain Midwestern car buyers who purchase or lease certain Volkswagen models over the next few months will be entitled to a free private-passenger automobile insurance policy underwritten by Nationwide Mutual Insurance Co.
For example, the new arrangement will enable a customer to purchase an automobile insurance policy through a salesperson from a life insurer, on top of a life insurance policy.
If you are entitled to receive disability benefits under a group or private insurance policy, an adjustment can be made to the amount of benefits payable under the automobile insurance policy.

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