Auto Insurance Glossary

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Affordable Preferred Auto Insurance (2024)Post

Affordable Preferred Auto Insurance (2024)

In insurance company parlance, a preferred risk auto insurance policy is a policy that is offered at preferential terms for drivers who have an outstanding history of previous driving. Preferred auto insurance is for those people who are able to show they abide by the rules of the road and have a clean record (no...

In insurance company parlance, a preferred risk auto insuran...

Indemnity Auto Insurance: Simply Explained (2024)Post

Indemnity Auto Insurance: Simply Explained (2024)

In general terms indemnity is compensation paid by one party to another party in respect of a particular loss sustained by the receiving party. The indemnitor (the party who pays the compensation) does not have to be responsible for the loss of the other party though they may be. There are many different forms that...

In general terms indemnity is compensation paid by one party...

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Anti-Theft Recovery Systems

Vehicle theft is a serious problem in the United States and around the world. Thanks to technology, however, it’s becoming harder for thieves to steal cars. Wondering what to do if your car is stolen? That’s where vehicle recovery systems come in. What is a stolen vehicle recovery system? It and the term ‘anti-theft recovery...

Vehicle theft is a serious problem in the United States and ...

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