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16 Cards in this Set

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Auto Insurance
A policy that covers registered motor vehicles and the drivers that drive them.
Liability Coverage (Auto)
Provides protection for the insured against loss arising out of his/her legal liability to third parties.

Typically includes:
• Bodily Injury
• Property Damage
Medical Payments - Auto
Covers the insured’s own medical costs for injuries sustained in an auto accident regardless of fault.
Physical Damage
Covers damage to your vehicle for collision and comprehensive losses.
Rating Factors - Auto
Characteristics of risk’s that impact premium:

• The car you drive
• Where you live
• How much you drive
• Your driving record & the driving record of people who drive your car
• Age
• Gender
• Marital status
Property Damage
Damage or destruction of the property of others, including loss of use of the property.
ID Card
An identification card issued by your insurance company that provides evidence of liability insurance. Such evidence is required in most states.
Recreational Vehicle
A policy that provides coverage for:
• all-terrain vehicles
• mini bikes
• trail bikes
• snowmobiles
• golf carts
• jet skis
• transport trailers
Collision
Covers damage to the insured vehicle when it collides with another object.
Comprehensive
O-T-C (Other Than Collision)
Cause of loss other than collision.
Example:
• Fire
• Theft
• Vandalism
Towing
Provides reimbursement for towing.

In most states, it is included with Comprehensive coverage.
Uninsured Motorist Coverage (UM)
Provides coverage for the insured’s medical bills when they are injured in an auto accident caused by someone who does not have insurance.
Underinsured Motorist Coverage (UIM)
Provides coverage for the insured’s medical bills when they are injured in an auto accident caused by someone who does not have enough insurance.
Personal Injury Protection (PIP)
Sometimes called No-Fault Coverage. Provides coverage regardless of fault.Coverage details and limits vary by state.
Examples:
• Medical bills
• Loss of income
• Replacement services
• Funeral expenses

(Also see No Fault automobile insurance)
Deductible Savings Benefit (DSB)
rewards safe driving and customer loyalty by reducing the deductible for Physical Damage losses at the time of a claim.
No-Fault Automobile Insurance
A form of insurance by which a person’s financial losses resulting from an automobile accident, such as medical and hospital expenses and loss of
income, are paid by his/her own insurance company without concern for who was at fault. The right to sue may be restricted in some cases.