CAR INSURANCE VOCABULARY FLASHCARD

Front

An individual, usually but not always the buyer, covered by an insurance policy

Back

INSURED

Front

The act or process of colliding; a crash or conflict

Back

COLLISION

Front

The company or agency that writes an insurance policy

Back

INSURER

Front

A cause of loss

Back

PERIL

Front

Auto insurance coverage can help provide medical payment for policy treatment of bodily injury

Back

MEDICAL PAYMENT

Front

Payment made by the insured to the insurer

Back

PREMIUM

Front

Insurance that pays for the repair of the policy owner's car in the event of damage not resulting from an accident.

Back

COMPREHENSIVE

Front

A situation in which some kind of loss is possible

Back

RISK

Front

What it would cost to replace a piece of property, or rebuild a structure

Back

REPLACEMENT COST

Front

The amount the insured pays on a claim before the insurer pays the policy remainder

Back

DEDUCTIBLE