Share Auto Ownership and Auto Insurance
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Lease
To rent for a specified amount of time
Moving Violation
The act of doing something illegal while driving such as speeding or reckless driving
Pays for towing or road service when your car is disabled
Emergency Road Service Insurance
A request for money for repairs to damaged car
Claim
Insurance covering or including everything such as vandalism, fire, flood, wind and other natural disasters. Also covers car theft.
Comprehensive
Insurance that provides protection from claims arising from injuries or damage to other people or property
Liability Insurance
You are legally responsible
Liable
People buy this because they cannot afford the cost of damages caused by an accident
Car Insurance
Amount you must pay before you begin receiving any benefits from your insurance company
Deductible
It's your fault if you CAUSED the accident
Negligent
Asking for the price of insurance coverage
Insurance Quote
Pays for repairs or replacement of your car. Banks often require you to buy this if you are financing your car
Collision Insurance
Amount you pay monthly, quarterly, semiannually to purchas different types of insurance
Premium
Insurance which covers costs if an individual is involved in a car accident with an uninsured driver
Uninsured Motorist Protection
To decrease in Value
Depreciate
Documents you must have with you when driving
License, Registration, Proof of Insurance
