Searching for car insurance in Calabasas, CA, can be a challenging process. There are multiple terms that influence your policy, which may cause you to feel overwhelmed. To help you navigate the sometimes difficult process of searching for auto insurance, here’s a list of 10 terms that you should have knowledge of.
The term at fault describes the level of responsibility you have in regard to an auto accident. If you are ruled to be at fault for the damages, you are liable for the potential medical bills and recovery costs as a result of causing the accident. In case you are considered at fault for the accident, your liability coverage will step in to protect you.
The declaration page of your auto insurance policy provides an outline of your insurance policy. You have the opportunity to look over your policy and learn about the different coverages, your policy limits, and a breakdown of how much the coverage costs. The declaration page provides a reference point if you have any questions about your auto insurance policy.
Covered loss is an important term in your auto insurance policy. A covered loss is a situation where your auto insurance covers you. A covered loss may include damage to your vehicle, a passenger in your vehicle, or another person’s property. A covered loss may also include your injuries, depending on the type of coverage you have. By analyzing what’s covered, you will also learn which situations aren’t covered through your policy. Perhaps you’ll have to purchase extra coverage.
It’s recommended that you pay close attention to the deductible while researching car insurance in Calabasas, CA. Your policy deductible is the amount you are obligated to pay towards a claim before your insurance handles the rest. Your policy deductible has a direct impact on your auto insurance premium.
The term primary use describes the endeavor you most frequently use your car to perform. For most people, that involves driving to work and running errands. Perhaps you only use the car to go for a joy ride. Maybe you use your car for business-related endeavors. Your insurance agent will adjust your rates accordingly based on your vehicle’s primary use.
Motor Vehicle Report
A Motor Vehicle Report is documentation that contains your driving history from the last few years. Insurers can request your MVR through the state and learn about any violations and accidents on your driving record. Insurance companies will analyze your MVR because it helps them figure out how much risk is involved with insuring you. If you are a safe driver, your MVR can help you qualify for lower insurance rates.
Your auto insurance coverage contains policy limits. This is the amount your insurance will pay towards a covered loss. Every state has a minimum limit of coverage that you are required to obtain in order to legally operate your vehicle. It’s recommended that you get enough coverage so that you will be protected if an emergency arises.
Auto Insurance Premium
Your auto insurance premium is the amount you pay for insurance. Your insurer will assess multiple options when determining your premium, including your address, age, car type, and driving history. If you choose a higher deductible, it will automatically lower your premiums.
Consult With Burton A. Harris Insurance Agency
Learning more information about these terms can help things go smoothly when you are finalizing your auto insurance terms. If you have any questions about your policy, contact our team here at Burton A. Harris Insurance Agency, and we will assist you.