How To Read Auto Insurance Policy

After reading through your car insurance policy do you think you deserve better coverage.

How to read auto insurance policy. This section details the specific coverages included in your policy. It can also list the insured vehicles insured drivers and dates your policy is effective as well as any discounts you received. Auto insurance policies are confusing and boring documents filled with legal jargon that can be an absolute nightmare to read. How to read a car insurance policy.

Important definitions for homeowners. Because insurance policies are written in a legal language all homeowner policies come with a section dedicated to defining certain words. Not all auto policies are just numbers. Click this link to bring up a new window containing a sample declarations page go to the beginning of this tutorial.

Though it s a necessary and valuable form of protection buying auto insurance can be confusing when you first start. The name of your insurance provider. Give us a call at 800 777 5620 or get a free car insurance quote online to get started. An auto policy can also cover you if your car gets damaged in an accident or by another covered peril like falling objects fire or lightning.

The declarations page allows you to tailor an insurance policy to your individual needs. An auto insurance policy declarations summarizes your policy and the coverages limits and deductibles you ve chosen to purchase. This unique policy number is needed anytime you file a claim. What do car insurance policy numbers look like.

The following table shows the policy number formats and some example policy numbers for the major insurance companies in the us. How to read your car insurance policy. Freeway insurance can offer you a wide range of auto insurance plans and rates that meet your needs while saving money. Essentially it s the go to place to find.

The car insurance declaration page is arguably the most important part of your auto insurance policy as it summarizes the coverage available to you. While important insurance policies are confusing and intimidating to read. It contains basic information about your policy as well as the name and contact information of your insurance company. Holder of the policy.

Your policy is a legal contract binding the insurance company to perform specific actions under certain circumstances for an agreed upon price. They are filled with unfamiliar legal and financial jargon and are written in as specific a manner as possible. It covers damage claims that you your dependents or your pets cause to others and it kicks in once claims exceed your home insurance and auto insurance liability limits. Many are prefaced with one two or three letters such as safeco k1111111 or liberty mutual aox 111 111111 1111.

The named insured is john or jane smith. Car insurance is financial protection in case you get into a car accident and damage someone else s vehicle or cause them injury. Location of the insured property.