This refers to the other person/people involved in the accident that’s not the 1st party, the 2nd party, or relatives or employees of the 1st party. This is the insurance company where you applied for car insurance. This is the owner of the vehicle and the insurance policy.Īlso called Insurer. Below is a list of commonly used car insurance terms you’ll encounter:Īlso called the Assured.
It might also be hard to recall your car insurance agent’s explanation of the terms but we’re here to refresh your memory. Personal injury protection covers medical expenses, lost wages, child care, funeral costs, and other expenses incurred as the result of an accident, whether it was your fault or not.It’s easy to get lost in a sea of unfamiliar words when you first read your motor insurance policy. If they have liability insurance but the limits are too low to cover your medical expenses, underinsured motorist protection kicks in.Ĭollision insurance covers expenses to repair your vehicle if you’ve been in a traffic accident, no matter who is at fault.Ĭomprehensive insurance covers repair costs unrelated to a collision, such as from a weather event, theft, vandalism, or even hitting an animal while driving. Uninsured motorist protection covers you if you’re in an accident with an at-fault driver who doesn’t have liability insurance. Uninsured/underinsured motorist protection Property damage helps pay for damage you cause to someone else’s property, including their car, house, and more.
Bodily injury and property damage liabilityīodily injury covers expenses if you injure someone else in an at-fault accident.
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