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Your email address will not be published. Skip to content Aug 3, Our Feb 15, Actual Cash Value: An amount equivalent to the fair market value of the stolen or damaged property immediately preceding the loss.2017 Car Insurance FAQs - How Pay As You Go Auto Insurance Plans Work
The party who is legally liable for the damages in an accident. A notice to an insurer that a loss may be covered.
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Comprehensive auto: Provides coverage for any damage not caused by a collision. The amount of the loss which the insured is responsible to pay before benefits from the insurance company are payable.
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Liability auto: Covers bodily injury and property damage to someone else. Policy Limit: The maximum amount a policy will pay. The amount of money an insurance company charges for insurance coverage. An estimate of the cost of insurance.