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10.2 - Types of Insurance

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Auto Insurance

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Terms in this set (23)

Provides financial protection against losses caused by an auto accident or other damage to a car.

Provides for the repair or replacement of the policy owner's car damaged in an accident.

Liability (Auto)

Covers the cost of property damage or injuries to others caused by the policy owner.

Covers the cost of damage to an automobile as a result of fire, theft, or storms.

Uninsured and Underinsured motorist

Covers the cost of property damage or injuries to the policy holder when the driver at fault is uninsured or doesn't have sufficient coverage to pay for all the expenses related to the accident.