What are the 5 basic types of auto insurance?
The most common types of car insurance coverage include liability, collision, personal injury protection, uninsured and underinsured motorist, comprehensive, and medical payments.
What are the four basic parts of an auto insurance policy?
“The four basic components of a car insurance contract are the declaration page, insuring agreement, exclusions, and conditions.
What does the 2 second rule refer to in driving?
The two-second rule provides the minimum distance to give you enough time to react and take action if something should happen ahead. Three or more seconds is even better and some states require at least a three-second distance.
What is meant by driving defensively?
Defensive driving means protecting yourself from more than just other drivers. It’s about thinking ahead and anticipating hazards so you can avoid accidents before they happen.
What are the 3 main types of car insurance?
There are three levels of car insurance cover: Fully comprehensive. Third party. Third party, fire and theft.
What are the pillars of insurance?
During a recent conference call, CEO Michael Braun discussed the four pillars of a successful insurance company: disciplined underwriting, risk management, expense control and product distribution. Those pillars, along with some other observations, are the subject of today’s discussion.
What is 12 second rule driving?
The 12-second rule is designed to remind motorists that they need room to slow down, stop or take evasive action if something happens on the road in front of them. By watching for possible road hazards 12 seconds ahead, drivers will have more of a chance to avoid a collision.
What is the 7 second rule in driving?
7 second RULE: MINIMUM time it takes to STOP a Big Truck that is empty, on dry roads, under ideal conditions. Cars/ SUVs may also take up to 7 seconds to stop on wet, or snow covered roads. 15 second RULE: A fully loaded Big Truck can take up to 15 seconds to STOP on dry roads, under ideal conditions.
What is the 3 to 6 second rule?
Simply leave 3 seconds worth of room between you and the vehicle you are following. Just watch the vehicle in front of you pass a road sign or other inanimate object on the side of the road and count out “One Massachusetts, Two Massachusetts, Three Massachusetts” before your vehicle passes that same object.
What is auto insurance basics?
Auto Insurance Basics. Auto insurance is a contract between the policyholder and the insurance company. The policyholder agrees to pay the premium and the insurance company agrees to pay losses as defined in the policy.
How does auto insurance work?
Auto insurance is a contract between the policyholder and the insurance company. The policyholder agrees to pay the premium and the insurance company agrees to pay losses as defined in the policy.
What type of insurance do I need for a new car?
Mandatory coverage Nearly every state requires car owners to carry the following auto liability coverage: Bodily Injury Liability— This covers costs associated with injuries and death that you or another driver causes while driving your car.
What is car insurance and why do you need it?
Basically, if you get in an accident, car insurance protects you from financial hardships that could result from damages, injuries, or lawsuits from other drivers. Most states require that you carry automobile liability insurance in certain minimum amounts.