esurance.ca

Website:http://www.esurance.ca
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Definitions (137)

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Young driver


A young driver is typically a licensed driver under the age of 25. Because of their inexperience, young drivers may pay more for car insurance than more experienced drivers.
Source: esurance.ca

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Compulsory insurance


Any form of insurance (usually auto insurance) that is required by law.
Source: esurance.ca

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Accident


An accident (also known as a car accident or wreck) is the term used to define a vehicle unintentionally colliding with another vehicle, person, or object.
Source: esurance.ca

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Void


1) Invalid, not legally binding.
Source: esurance.ca

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Verbal threshold


The degree of severity at which car accident injuries or pain and suffering merit legal intervention. In other words, to be able to sue for compensation, your bodily injuries or pain and suffering must be serious enough to meet a government-legislated verbal threshold. Verbal thresholds differ depending on where you live.
Source: esurance.ca

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Vehicle use


How the car is typically used. Auto insurance companies usually classify primary use as commuting, commercial, or pleasure use.
Source: esurance.ca

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Vehicle Identification Number


The Vehicle Identification Number (also known as the VIN) is the unique 17-digit number found on each car. The VIN contains the vehicle's serial number, as well as abbreviations for the make, model, and year.
Source: esurance.ca

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Vehicle history report


Contains records associated with an automobile's Vehicle Identification Number (VIN). This information can include past owners, accidents, total loss declarations, repairs, and other facts.
Source: esurance.ca

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Utmost good faith


A phrase in a legal document calling for the highest standards of integrity on the part of the insured and the insurer.
Source: esurance.ca

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Underwriting rules


The rules used by insurance companies to assess the risk they are taking on by insuring a particular customer. These rules are set individually by insurance companies.
Source: esurance.ca


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