Vehicle insurance 11

Question 1

1. PAYMENT RECOVERY

Answer 1

If your car is damaged because of another driver’s negligence and you ask GEICO to settle the claim for damage to your vehicle, GEICO will seek to recover your deductible and out payments from the other party. This process of payment recovery is called SUBROGATION

Question 2

2. PAYMENT RECOVERY EXAMINER

Answer 2

The person responsible for recovering your deductible from the other party’s insurance company.

Question 3

3. PERIL

Answer 3

A danger or hazard that can cause a loss, such as a car collision with an object or a fire.

Question 4

4. PERSONALINJURY PROTECTION.

Answer 4

May pay for your medical treatment, lost wages, or other accident related expenses regardless or who caused the accident. This coverage is subject to the terms, limits and conditions of your policy contact and is not available in all states.

Question 5

5. PERSONAL PROPERTY

Answer 5

Property that is not land or connected to land (real estate), such as furniture or jewelry

Question 6

6. PHYSICAL DAMAGE

Answer 6

Damage to property

Question 7

7. POLICY

Answer 7

A contract between you and the insurance company

Question 8

8. POLICY CHANGE

Answer 8

Any change made to you insurance policy during the period that the policy is in force