Car insurance

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Related to Automobile Policy: Automobile 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.

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 Board of Investment (BoI) is likely to put up a proposal before the Economic Coordination Committee (ECC) for a change in a new entrant automobile policy to attract investment in motorcycle sector as the existing producers do no provide an environment conductive to the industry's development.
The largest expected residual life corresponds to the case in which the automobile policy is the first to be notified for cancellation.
Product Strategy 3: Purchase Lowest Cost Personal Automobile Policy
In November, the Maryland Court of Appeals upheld an exclusion in a commercial automobile policy for injuries to one employee caused by another.
Mahathir has a long list of what he thinks Abdullah had done wrong -- from the government's automobile policy, which he said hurts national automaker Proton Bhd by causing an influx of imports, to foreign policies which Mahathir said are too acquiescent toward the United States and Singapore, the two countries that used to be Mahathir's favorite punching bags.
In addition to China's new automobile policy that encourages the use of hybrid vehicles, the introduction of emission regulations on par with those in Europe and the United States is also moving forward," said TMC executive vice president Yoshimi Inaba.
During the ceremony, Inaba commented by saying, "addition to China's new automobile policy that encourages the use of hybrid vehicles, the introduction of emission regulations on par with those in Europe and the United States is also moving forward.
The typical camp automobile policy provides liability insurance for the camp--and does not automatically provide any insurance protection for the employee.
However, Jiang was reportedly curt, telling the minister he should follow a new automobile policy to be announced shortly.
The most common policy in the property-casualty insurance industry is the personal lines automobile policy.
A company with one or more cars will also need a business automobile policy, which works much like a personal auto policy and covers both liability and damage to your vehicle(s).
The CGL Policy excluded coverage for bodily injury or property damage arising out of the ownership, use or operation of an automobile, and for bodily injury or property damage with respect to which an automobile policy was "in effect.

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