What does geico full coverage cover
Cancellation Termination of an insurance contract before the end of the policy period, by the insured or insurer. Carrier The insurance company or insurer. Catastrophe A disaster affecting a specific geographic area.
Catastrophes often cause injury or even death; most result in extensive property damage. Hurricanes, floods, tornadoes, and even large hailstorms are typical examples of catastrophes. Certificate of Satisfaction A form signed by the insured when he or she takes delivery of the car from the repairer. It certifies that he or she is satisfied with the vehicle operations, appearance, and visible quality of the repairs. Claim Any request or demand for payment under the terms of the insurance policy.
Claimant Individual or entity presenting a claim. Claim Examiner A person responsible for investigating and settling a claim. Collision Coverage Pays for damage to an insured vehicle when it hits or is hit by another car or object, or if the car overturns. Comparative Negligence A doctrine of law that, in some states, may enable claimants to recover a portion of their damages even when they are partially at fault, or negligent. Each party's negligence is compared to the other's and a claimant's recovery can be reduced by the percentage of his or her own negligence.
Competitive Auto Repair Parts Parts made by a company other than the manufacturer of the auto. All parts we authorize meet or exceed the quality of the manufacturer's parts, but cost less. GEICO guarantees these parts for as long as you own the car. Competitive Estimate A term used when an insurance company requests that you submit multiple repair estimates for consideration.
Comprehensive Physical Damage Coverage Pays for damage to your car from theft, vandalism, flood, fire or other covered perils. Condition The portion of the insurance contract which outlines the duties and responsibilities of both the insured and the insurance company. Condo Insurance A type of homeowners insurance that meets the special needs of condominium owners.
Contributory Negligence A doctrine of law that, in some states, may prevent claimants from recovering any portion of their damages if they are even partially at fault, or negligent. Coverage Protection and benefits provided in an insurance contract. Customized Vehicle A vehicle that has been altered or has equipment or accessories not typically found in a personal vehicle. Damage Loss or harm to a person or property. Damages Money that one party becomes legally obligated to pay to another party.
Declarations The part of your policy that includes your name and address; the property that is being insured, its location and description; the policy period; the amount of insurance coverage and the applicable premiums. Deductible The portion of a claim you pay out of pocket. Choosing a higher deductible will lower your insurance premiums. Defensive Driver Discount Certain drivers usually over age 50 who have voluntarily taken a defensive driving course may qualify for this discount on their auto insurance premiums.
Generally, depreciation is not an insurable loss. Discount A reduction in your premium if you or your car meet certain conditions that are likely to reduce the insurer's losses or expenses. For example, auto insurance discounts are given for cars with auto theft devices and for drivers and passengers who use seat belts. Driver Training Discount A discount for people who have taken an approved driver training course. This discount is not available in all states or for all individuals.
Electronic Funds Transfer EFT EFT is an electronic payment method that lets you pay your premiums with automatic deductions from your checking account. Emergency Road Service Coverage Protection for problems that are not typically handled by your auto insurance , such as: being locked out of your car towing not related to an accident having a dead battery re-charged inflating a flat tire filling an empty gas tank.
Endorsement An addition to the basic policy contract. An endorsement adds to the policy contract; an amendment alters it. Estimate An assessment of the cost to repair your damaged property.
Exclusion Restriction in your insurance policy that limits and may exclude coverage for certain perils, persons, property, or locations. Expiration Date This date, found on your declarations page, indicates when your policy coverage runs out.
Your renewal policy will start on this date. Field Adjuster An insurance adjuster who works primarily outside of an office and often meets personally with the public. Field adjusters can conduct face-to-face meetings, negotiations with claimants, scene investigations , and damage inspections. Financed Car A vehicle financed by a loan. The lender retains a lien on the auto until it has been paid off. First Party Term used to refer to an insured.
First Party Claims A claim for damage, loss or injury made by an insured. Forms Two types of forms are important in insurance: 1. Gap Insurance An automobile insurance option that comes into play when your vehicle is stolen or totaled. Gap insurance covers the "gap" or difference, if any, between your car's actual cash value and what you still owe on it.
You may want to check with your financing company to see if you have gap insurance or if it is available to you. Good Student Discount May be awarded to full-time students who maintain a grade average of "B" or better. Hazard Anything that increases the chance of an accident occurring. Homeowners Insurance Protects homeowners from losses to their homes, personal property, and some types of damage or injury to others for which the homeowner is liable.
Homeowners insurance is subject to the terms, limits and conditions of your policy contract. Indemnification The act of providing compensation for a loss with the intent to restore an individual or entity to the approximate financial position prior to the loss.
Indemnity Compensation for a loss intended to restore an individual or entity to the approximate financial position prior to the loss. Independent Adjuster An individual who estimates losses on behalf of an insurance company, but is not an employee of that company. Inspection Verification of a vehicle's physical condition. Insurable Interest Exists when an individual would suffer an economic loss as the result of damage to property or bodily injury.
Insurance Insurance is a system in which groups of people who have similar chances of suffering a loss transfer their risk of loss to an insurer who pools the risk of many people together.
In exchange for payment of premium , the insurer promises to reimburse the person for their covered losses. Insurance Fraud The act of falsifying or exaggerating the facts of an accident to an insurance company to obtain payment that would not otherwise be made. Common types of insurance fraud are staged accidents, exaggerated injuries, and inflated medical bills.
Insurance ID Card Also known as an Insurance Card, this card is issued by your insurer and contains basic information about your insurance policy.
Some states require you to keep an insurance ID card in your vehicle. Insurance Score Used in the underwriting process in some states. An individual's insurance score is frequently based, in part, on a person's credit history. Insured A person or organization covered by an insurance policy. Insurer An organization that provides insurance.
International Insurance Underwriters, Inc. Leased Vehicle A vehicle rented under a long-term contract lease. The leasing company retains ownership of the vehicle and must be shown on your insurance policy as an insured.
Legal Liability Liability imposed by law, as opposed to liability arising from an agreement or contract. Liability Any legally enforceable obligation or responsibility for the injury or damage suffered by another person. Liability Examiner The liability examiner handles the investigation of the accident. These examiners' responsibilities can include collision payments, property damage payments, and bodily injury settlements.
In some states, these examiners may also handle the medical portion of your claim. Liability Insurance Insurance that provides protection from claims arising from injuries or damage to other people or property.
Liability Investigation The process of gathering information to determine the cause of an accident. Lien A claim , charge, or encumbrance on property as a security for the payment of a debt. Lienholder A person or organization with a financial interest in property up to the amount of money borrowed or still owed on the property. Limit The maximum amount of protection purchased by the insured for a specific coverage. Limits of Liability The amount specified in your policy up to which the insurance company will protect you.
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What is comprehensive coverage? Let's work together to find the right coverage for you. Please note: The above is meant as general information and as general policy descriptions to help you understand the different types of coverages.
Check Out a New Quote. Your damages are injuries are protected under other coverages such as:. The cost of liability insurance coverage as part of your auto insurance policy depends on many factors.
This can include things like how much coverage you select. For example, higher coverage limits may cost more.
Most states not all require liability insurance to legally drive your vehicle. The required limits vary by state. You will check out your state on the state information pages. Liability insurance also helps protect you, up to your limits, by paying for covered damages and injuries in at-fault accidents. These are amounts you may have to pay out of pocket if you don't have enough liability coverage. Liability coverage should be customized to fit your needs.
It's not one-size-fits-all. Our coverage calculator can help you walk through a few questions and provide you with a recommendation. You may also want to consider an umbrella policy which provides additional coverage for more serious accidents and lawsuits. The above is meant as general information and as general policy descriptions to help you understand the different types of coverages. These descriptions do not refer to any specific contract of insurance and they do not modify any definitions, exclusions or any other provision expressly stated in any contracts of insurance.
We encourage you to speak to your insurance representative and to read your policy contract to fully understand your coverages. We're here for you 24 hours a day, 7 days a week. The quickest way to contact us is through our app or online. You can also ring us by phone. Any information that you directly provide is subject to the privacy posted on their website. Call or log in to your current Homeowners , Renters , or Condo policy to review your policy and contact a customer service agent to discuss your jewelry insurance options.
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