Car Insurance

Front

What is an insurance policy?

Back

An agreement between you and your insurance company that contains all terms and conditions.

Front

What is a monthly payment to the insurance company called?

Back

Premium

Front

What is the coverage limit?

Back

The maximum amount an insurance policy will pay for a covered loss.

Front

What is the deductible?

Back

The amount of money that the insured party must pay before the insurance company starts covering the costs.

Front

Higher deductible=? Premium

Back

Lower

Front

Lower coverage limit=? Premium

Back

Lower

Front

What is an insurance agent?

Back

Your specific contact from the insurance company that handles your policy.

Front

What is an insurance claim?

Back

A request for the money the insurance company promised in the event of an accident.