terminology | coverages |
---|---|
What is Named Insured
this is what the main policy holder is referred to as
|
What is physical damage(comprehensive and collision)
this set of coverages provides protection for an insured's vehicle if involved in an accident or vandalism, theft, hail, fire
|
What is a VIN
this is a 17 digit alpha numeric identifier unique to each vehicle
|
What is liability
this coverage is the minimum required. it covers bodily injury and property damage when an insured is found at fault in an accident
|
What is effective date
the date a policy becomes active
|
What is Medical Payments/Med Pay
this coverage will help pay for medical expenses for passengers in an insured auto when in an accident, regardless of fault
|
What is a declarations page
document that shows all coverages listed
|
|
What is an ID card
document a customer can carry to provide proof of insurance
|
|