Car Insurance Terms and Definitions

Posted by NewBuyer on January 12, 2010 | No Comments

An easy-to-use, interactive tool that allows you to browse through car insurance terms and definitions alphabetically. Each term is described in detail. The following definition for Bodily Injury Liability Coverage (BI) is an example from the resource: “If an insured person is legally liable for an accident, BI coverage pays for injuries/death to people involved in the accident other than the insured driver. BI also pays for legal defense costs if you are sued. Certain exclusions may apply. Refer to your policy.”

Source: Progressive.com

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Car Insurance Coverage Definitions

Posted by NewBuyer on January 11, 2010 | No Comments

One of our favorite glossaries of car insurance terms. Learn about bodily injury liability, propery damage liability, physical damage coverage, uninsured and underinsured motorist coverage along with other coverage types. Learn not only how much protection each type of coverage provides but also key things to know when selecting each coverage type.

Source: CarInsurance.com

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The Cost of Insurance Ignorance

Posted by NewBuyer on January 6, 2010 | No Comments

A high-level look at managing risks and the costs of insurance. Although the resource encompasses all types of insurance (health, life, auto, home) the information will help you lower your home insurance costs by instructing you to carefully consider your deductible. From the resource: “Homeowners insurance should carry no less than a $1,000 deductible or substantially more if you can afford the first $1,000 to $5,000.”

Source: Forbes.com

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