Start Auto Homeowner / Condo / Renter Market Connection TDI Resources Find Coverage En Espanol Automobile Insurance Price Comparison Glossary of Common Auto Insurance Terms

A

A person who investigates and settles insurance claims.

A form you fill out with information about you that an insurance company will use to decide whether to issue you a policy and how much to charge. B

A temporary insurance contract that provides proof of coverage until you receive a permanent policy.

Termination of an insurance policy by the company or insured before the renewal date.

Pays for damage to your car without regard to who caused an accident. The company must pay for the repair or up to the actual cash value of your vehicle, minus your deductible.

In most cases, the term "contract" refers to an insurance policy. A policy is considered to be a contract between the insurance company and the policyholder. D

The amount the insured must pay in a loss before any payment is due from the company.

The portion of a policy premium that has been used to actually buy coverage, or that the insurance company has "earned." For instance, if you have a six-month policy that you paid for in advance, two months into the policy, there would be two months of earned premium. The remaining four months of premium is called unearned premium.