Terminology" descriptions documented refer primarily to automobile
insurance. The descriptions are general and do not create any contract
or any binding of coverage.
Injury Liability (BI):
designed to pay claims against the insured if found at fault in an
accident causing injury or death. Minimum California state Bodily
Injury Liability requirement is currently $15,000/$30,000.
termination of an insurance policy requested by either the insured
or the insurance company.
request for payment or compensation submitted by the insured or against
Coverage designed to pay for damages to the insured's automobile
(subject to a deductible) resulting from a collision. This coverage
is not required by law in California, however may be required by a
finance company in order to finance or lease a vehicle.
designed to pay for damages (subject to a deductible) to the insured's
automobile other than those caused by collision. Some examples are;
damages resulting from fire, theft, and vandalism. This coverage is
not required by law in California, however may be required by a finance
company in order to finance or lease a vehicle.
portion of the loss (usually $250., $500., or $1,000.) that the insured
must pay in the event of a claim.
The combination of liability, comprehensive and collision coverage
is commonly referred to as FULL COVERAGE.
Coverage that is either the combination of Bodily Injury Liability
and Property Damage Liability, or just Bodily Injury Liability.
designed to protect the insured, occupants of the insured's automobile,
and persons not occupying the insured's automobile injured in someway
involving the insured's automobile. This coverage is not required
by law in California.
insured/s whose name/s appears on the policy Declarations Page. This
is the person who originally signed the insurance application and
in whose name the policy is issued. This can be a married couple if
the application was written that way.
money paid to the insurance company by the insured for insurance coverage.
Property Damage Liability (PD):
Coverage designed to pay claims made against the insured
if they are found at fault for damage to the property of others. Minimum
California state Property Damage Liability requirement is currently
remove a suspension of a person's Driver License an SR-22 Filing may
be required. An SR-22 is a document issued by an insurance company
and kept on file at the California Department of Motor Vehicles (DMV).
This document is a guarantee that at least the California required
minimum liability coverage has been obtained by the respective person.
The insurance company will then notify the DMV if the insurance coverage
should lapse or be canceled for any reasons. The respective person's
license status will immediately be suspended until a valid SR-22 is
Uninsured Motorist Coverage Bodily Injury (UM BI):
that provides protection for the insured and others in the insured's
automobile for injuries caused by the responsible party who does not
have insurance at the time of an accident. This coverage is not required
by law in California.
Uninsured Motorist Coverage Property Damage (UM PD):
designed to pay for damages to your auto caused by the responsible
party who does not have insurance at the time of an accident. This
coverage is not required by law in California.
Identification Number (VIN #):
a seventeen (17) character alpha-numeric identifier. It is a unique
number to each vehicle. The VIN# is usually located on the driver's
side of the dashboard or inside the driver's side door.