If you educate yourself on the common words used in most Pennsylvania auto insurance policy contracts you will be able to better understand your rights as the insured person. In this article you will learn some of the common words and terms used by auto insurance companies so that you can choose your Pennsylvania auto insurance company wisely.

Lapse in Coverage or Policy Lapse:

This is a term to explain the gap or time you are not covered by insurance. If a policy is cancelled or terminated because you didn’t pay you will have a lapse in coverage. Any claims made during this time will not be covered. You might also have a higher monthly premium because you were unreliable on payment.

Tort:

This term is used in describing a lawsuit or case where a person is held liable for injuring another person or property. These are private, civil cases and are not criminal charges.

Claims Adjuster:

A claims adjuster is a person who works for the Pennsylvania auto insurance company. They are in charge of evaluating the damage to your vehicle, property or people if a claim is made. The will make their recommendations to the insurance company based on their findings of the value of the damage and the validity of the claim.

Comprehensive:

This refers to one of the types of car insurance. This type of coverage is for damage to your car in any event other than a collision. This might be a flood, fire, falling objects, earthquake, explosion, etc.

Bodily Injury Liability:

This is another type of car insurance. It refers to the coverage offered by the insurance company for medical and rehabilitation bills for injuries that the insured party causes to another person.

Property Damage Liability:

This type of car insurance coverage pays for the insured party’s loss of money if they are legally responsible for damages to another person (not covered by the policy holder’s insurance policy)

Collision:

This term can be used to describe two separate things; the first is a car accident; the other is another type of insurance that protects against loss or damage that results from a collision with another vehicle or object. This type of accident is covered whether the insured is at fault or not.

Gap Insurance:

This is a type of insurance policy that will help you to pay off your car in the event of a major accident that totals your car or if it is stolen. If you are covered by gap insurance the insurance company will pay you the difference between the car’s cash value and the amount you owe on your car payments.

If you are searching for a new Pennsylvania auto insurance policy these terms and definitions will help you to decide on your policy better; there are some more terms that you should learn and these include indemnity, Personal injury protection (PIP), Uninsured/Underinsured motorist coverage, “No Fault” coverage, limits, medical payments, towing costs, roadside assistance, and fleet policy. Learn these terms before you purchase your next Pennsylvania auto insurance policy.

Author Bio: Univ of Pitt Grad 1984 Started Williams Agency 1986 Providing Better Insurance for Pa & NY residents for Less Money Better Pennsylvania auto insurance for less money email to: dan@williams-agency.net

Category: Finances
Keywords: pennsylvania auto insurance, pa auto insurance, pa car insurance, pa car insurance quote