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Free Look Period
This refers to the first period of an auto insurance policy which is usually a minimum of thirty days from the time the policy took effect....
Insurance
This is a policy or system in which people who have the chance to suffer a loss pass the risk of loss involved, to an insurance company by p...
Independent Agent
Also called independent adjuster; this is an individual who is a professional in insurance and calculate losses on behalf of an insurer or i...
Insurance Fraud
It is an illegal act of exaggerating or falsifying the facts of a damage or accident to an insurer or insurance company in order to have a ...
Insured
This is a qualified entity (person or organization) who is covered by an insurer after buying a policy from the insurer or insurance compan...
Hit and Run
In auto terms, this is a form of accident that is caused by a person who refuses to provide any needed information or fail to render assi...
What Is Auto Insurance?
It is a 'policy' between an individual and the carrier or insurance company to indemnify the insured or individual against any...
Collision
This is the action of two or more moving cars, vehicles hitting each other, or object. It is the physical contact of a vehicle with another...
Claim
This is a legal request or notice by the policyholder to the insurance company, stating the need for an incurred loss to be covered. Rega...
Insurer
This is an organization or company that provides insurance to individuals or other organizations. This company's insurance can be in an...
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