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What is car insurance simple definition


Auto insurance is a contract between you and the insurance company that protects you against financial loss in the event of an accident or theft. In exchange for your paying a premium, the insurance company agrees to pay your losses as outlined in your policy.

What is insurance in very simple words?

Insurance is a legal agreement between two parties – the insurer and the insured, also known as insurance coverage or insurance policy. The insurer provides financial coverage for the losses of the insured that s/he may bear under certain circumstances.

What are the 3 types of insurance?

Then we examine in greater detail the three most important types of insurance: property, liability, and life.




[PDF] Brief Explanation of Michigan No-Fault Insurance

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[PDF] Your Guide to Automobile Insurance - State of Michigan

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[PDF] Car insurance

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[PDF] AUTO INSURANCE - Maryland Insurance Administration

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[PDF] What is insurance - filesconsumerfinancegov

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[PDF] AUTO INSURANCE - Nebraska Department of Insurance

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[PDF] Auto Insurance Glossary—a Supplement to the Automobile

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[PDF] MOTOR INSURANCE - NIOS

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[PDF] What you need to know - Minnesota Department of Public Safety

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[PDF] Car Insurance - SGIO

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