Part #3 - MORE Car insurance Vocabulary. SHORTER. 2024. Ready!

Front

Which type of insurance covers the cost of repairs to another person's vehicle if you are at fault in an accident?

Back

Property Damage Liability (PD) Insurance

Front

Which of the following is the definition of "deductible?" Options: The amount paid for all types of insurances contained within an insurance policy, Part of the repair or damages that a driver has to pay before the insurance company pays

Back

Part of the repair or damages that a driver has to pay before the insurance company pays

Front

What type of insurance pays for the repair or replacement of your car if it's damaged in a collision with another vehicle or object, or if it overturns, no matter who is at fault?

Back

Collision Insurance

Front

Auto insurance that protects you against costs to repair or replace your vehicle after events out of your control such as weather, vandalism, theft, etc.

Back

Comprehensive Coverage

Front

What does the policyholder pay to the insurer to protect them from financial loss? Hint: some people pay this monthly. some pay it semi-annually. Some pay it Annually.

Back

premium

Front

How much will Peter have to pay if he has collision insurance with a $1,000 deductible and causes $4,300 worth of damage to his car?

Back

$1,000 that Peter will pay.

Front

How much will Sarah have to pay if her car is damaged in a hailstorm, resulting in $2,000 worth of damage with a $500 deductible?

Back

$500 that Sarah will pay.

Front

How much will the insurance company pay for the $4,300 damage with a $1,000 deductible?

Back

$3,300

Front

How much will the insurance company cover if Sarah incurred $5,500 in damages and has a collision insurance policy with a $1,500 deductible?

Back

$4,000

Front

If a large rock hits your windshield & creates very large cracks, what car insurance coverage pays to fix it?

Back

Comprehensive