Car Insurance

Here is a Car Insurance Glossary giving definitions of car insurance related terms.

(Car Insurance Glossary Page Last updated: 11/12/07)

Car Insurance Glossary

Insurance

Definition: Insurance, in law and economics, is a form of risk management primarily used to hedge against the risk of a contingent loss. Insurance is defined as the equitable transfer of the risk of a loss, from one entity to another, in exchange for a premium. Vehicle insurance (or auto insurance, car insurance, motor insurance) is insurance purchased for cars, trucks, and other vehicles. Its primary use is to provide protection against losses incurred as a result of traffic accidents.

(Last updated: 11/12/07) | Car Insurance

No Claims Bonus

Definition: A discount earned against the cost of your car insurance policy by staying accident, and therefore claim free.

(Last updated: 11/12/07) | Car Insurance

Be sure to bookmark SUMPS - this car insurance information is not useful if you can't find it again.