Archive for March, 2009
What is Loss of Use Term in Auto Insurance?
One of the things that the consumers may not really contemplate, but do expect, is that their auto insurance will cover the cost of a replacement car when their automobile is being replaced. Many auto insurance policies actually do not provide for this automatically. If you are at all dependent upon your car, it is vital that you make sure that this type of coverage is included. Rental cars are no Read the rest of this entry »
The terms used in auto insurance are quite numerous, but the most important ones will be outline.
Actual Cash Value (ACV) – This means fair market value in California auto insurance.
Endorsement for Additional Equipment – This means provision of coverage for some parts and equipments which were not installed by the producer.
Adjuster – In California auto insurance, an adjuster is someone who inspects, and determin Read the rest of this entry »
Auto insurance terms involves the responsibilities of having and using an automobile which includes taking certain financial responsibility which are provided under the Vehicle code laws.
The most usual and acceptable way of satisfying this responsibility of owning and using a vehicle in California is to purchase an auto insurance policy. That is, California auto insurance is the key to this financial resposibility.
If you want Read the rest of this entry »