Insurance and Tax Terminology

Front

sales tax

Back

a percentage of the sale price, paid to the government collected when applicable goods and services are purchased

Front

automobile insurance

Back

coverage that protects in case of a vehicle accident

Front

liable

Back

legally responsible

Front

negligent

Back

at fault for not taking proper care

Front

premium

Back

the fee, or amount charged, for insurance coverage

Front

claim

Back

a request for payment from an insurance company/provider

Front

liability insurance

Back

coverage that protects you if your driving causes injury to others or to other people’s property

Front

bodily injury (BI)

Back

covers the medical expenses of anyone involved in an accident

Front

property damage liability (PD)

Back

covers property damaged in an accident

Front

uninsured motorist protection (UMP)

Back

coverage that pays for injuries caused by a driver with no or insufficient insurance