Vehicle Insurance 05

Question 1

1. COLLISION COVERAGE

Answer 1

pays for damage to an insured vehicle when it hits or is hit by another car or object, or if the car overturns. This coverage is subject to the terms, limits and conditions of your policy contract.

Question 2

2. COMPARATIVE NEGLIGENCE

Answer 2

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 negligence.

Question 3

3. COMPETITIVE AUTO REPAIR PARTS

Answer 3

Parts made by a company other than the manufacturer of the auto. All parts Geico authorize meet or exceed the quality of the manufacturer’s parts, but cost less. Geico guarantees these parts for a s long as you own the car.

Question 4

4. COMPETITIVE ESTIMATE

Answer 4

A term used when an auto insurance company requests that you submit multiple repair estimates for consideration.

Question 5

5. COMPREHENSIVE PHYSICAL DAMAGE COVERAGE

Answer 5

Pays for damage to your car from theft, vandalism, flood, fire, or other covered perils. This coverage is subject to the terms, limits and conditions of your policy contract.

Question 6

6. CONDITIONS

Answer 6

The portion of the insurance contract which outlines the duties and responsibilities of both the insured and the insurance company.

Question 7

7. CONTRIBUTORY NEGLIGENCE

Answer 7

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.

Question 8

8. DAMAGES.

Answer 8

Money that one party becomes legally obligated to pay to another party.