What Are Some Common Auto Insurance Terms?

If you are in the market for auto insurance, you may be wondering what those terms mean. Don’t worry – we’re here to help! This blog post will define some of the most common auto insurance terms. Understanding these terms enables you to make more informed decisions about your car insurance policy. Let’s get started.

Bodily Injury Liability

This type of coverage pays for the other driver’s and passengers’ medical expenses in the event you’re at fault for an accident.

Property Damage Liability

This type of coverage pays for the damage you cause to another person’s property, such as their car or home.

Collision Coverage

This type of coverage pays for repairing or replacing your vehicle if damaged in an accident. This is essential coverage you need from a professional company such as Access Insurance Services in San Antonio, TX.

Comprehensive Coverage

This type of coverage pays for damage to your vehicle caused by something other than a collision, such as theft, vandalism, or weather damage.

Uninsured/Underinsured Motorist Coverage

This type of coverage protects you if you are involved in an accident with a driver who does not have insurance or does not have enough insurance to cover the damages.

Adjuster

An adjuster is a person who reviews the details of an insurance claim and decides how much the insurance company should pay.

Deductible

A deductible is the amount of money you’re responsible for paying in case of a claim. For example, if you have a $500 deductible and your car is damaged in an accident, you’ll be responsible for paying the first $500 of the repair bill.

Conclusion

Now that you know some of the most common auto insurance terms, you can confidently start shopping for a policy! If you need help finding the right policy for your needs, contact Access Insurance Services in San Antonio, TX. We are here to help you find the best coverage at the most affordable price. Give us a call today.