Vehicle Identification number to identify automobiles
A loan is spread out over a specific amount of time
Paying for the depreciation of the vehicle
Whole life insurance
the type of life insurance policy that has a premium that stays level, a fixed death benefit, and the ability to withdraw savings
Term life insurance
this is known as "pure protection" insurance and is less expensive than "permanent" life insurance. Used for death protection only.
Principle of Indemnification
To put back, as best as possible, the way things were. The whole idea behind insurance
insurance to protect against claims for bodily injury to another person or damage to another persons property
Other than Collision e.g. vandalism, hitting a deer
automobile insurance that protects your own car against damage from accidents or vehicle overturning
Three divisions of insurance
Property, liability, and personal
Three things insurance provides
Investment for the economy, ability to take a risk, continuation of a lifestyle.
Renters or Tenants insurance
Policy for your things when you live in a place you do not own.