What information is listed in the actual auto insurance policy that you are given by the insurance agent? Learn about the different important sections in every auto insurance policy below.
Usually listed first in your auto insurance policy and unlike the remainder of your policy, it will have been prepared especially for you. It will list the specific auto insurance coverages and amounts that you've chosen.
- year, make,and model of your car
- VIN - vehicle identification number
- date the policy is effective
- policy's coverage types and limits
- policy's cost - premium
- name of the insured (you or you and your spouse)
Lists exactly what the insurance company promises to provide in return for the payment of your auto insurance premium. The type and amounts of each coverage you've purchased is described in detail and also outlines exactly who is covered under each provision.
The insurance policy exclusions section is a list of all possible circumstances that would free the insurance company from the responsibility of paying a claim.
Example: most auto insurance contain an exclusion that exempts the insurance company from having to pay in the case of intentionally caused damage or injury.
Lists the duties and responsibilities of the insured (You) in the event of a claim situation. Will include guidelines for contacting the insurance company, obtaining a police report, and filing a claim. Information on auto insurance policy cancellation will be outlined here, too.