Significant Terms Related To Car Insurance
- March 3, 2017
- Business and Management
- No Comments
Whenever we talk about car insurance, there are several terms that we need to take care of. No car insurance resource would be complete without a comprehensive glossary of car insurance terms. Following are provided certain terms relates to car insurance. You may head to insurancefrisco.com/, if you need to know more about car insurance.
1) Auto Insurance Score:
It is used to evaluate the information in our consumer credit report. These scores are used in determining to price for our auto insurance policy. Negative marks on our credit report can increase our auto insurance premiums. It is also used to determine policy pricing that varies from state to state.
2) Automobile Insurance:
It is a type of insurance policy that covers and protects ourselves against losses involving automobiles. It includes a wide range of coverages depending on the policyholder's needs. Some of the common coverage's that are offered under an auto insurance policy are medical payments etc.
3) Claims Adjuster:
It is generally a person that is employed by the insurance agency to investigate and settle all claims and losses. She/he is a representative for the insurance agency and helps to verify and ensure all parties involved with the loss, get compensated fairly and correctly.
It is the portion of the insurance policy that covers damage to our vehicle from hitting another object. Objects can include but are not limited to; another vehicle, a building, curbs, guard rail, tree, telephone pole or fence.
5) Accident report form:
It is a report that is filed by police and is often known as the police report. It contains some important information regarding the vehicle collision. It includes the names of all individuals involved, vehicles involved, property damaged and citations that were issued.