Personal Auto Insurance Meaning. A glossary of auto insurance terms can really help you understand your policy as you deal with a claim. The ''named insured'' is the titled owner of the vehicle.
A 100/300 auto insurance policy includes $100,000 of bodily injury liability coverage per person and $300,000 of bodily injury liability coverage per accident. This is the part of your auto insurance policy that covers damage that you cause to other drivers in a car accident. Personal insurance in british english (ˈpɜːsənəl ɪnˈʃʊərəns ) noun insurance insurance on personal risk, such as car insurance, health insurance or loss of earnings insurance collins.
A glossary of auto insurance terms can really help you understand your policy as you deal with a claim.
Personal effects insurance is a policy that provides coverage for the loss or damage of valuables that are worn or carried by the policyholder. A personal auto policy also known as pap is an insurance policy that is purchased by a vehicle owner to provide insurance coverage for damage or injury to others, in the form of liability insurance. The policyholder has the choice of naming each. Because of the higher risk involved, commercial auto insurance tends to have higher rates than a personal policy.