Your policy must pay at least $, for each injured person, up to a total of $, per accident, and $, for property damage per accident. This basic coverage is called ” ” coverage. Loss The amount an insurance company pays on a claim..Part of an auto insurance policy that covers you, up to the policy limits, for car accidents that result in bodily injuries to other drivers or pedestrians for which you are legally at fault. Covered losses generally include medical expenses, pain and suffering, and lost income..Auto Insurance Glossary of Terms. If you feel like you need to take a foreign language course to “speak insurance” don t worry, you re not alone! But, you need to at least understand the basic auto insurance terms because they spell out what you are and aren t covered for in your policy. Here is a translation of some basic .Our guide to insurance terms and definitions will help you understand what you re buying when you shop for insurance..
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Additional insured and additional interest basically means the same thing when they are discussed in regards to car insurance. There may be subtle .