Elements of Auto Insurance Contracts

Before signing an auto insurance contract, we are involved in understanding some basic terms related to the car insurance policy.The phrase "your covered auto" also applies to several other particular circumstances. Usually, physical damage coverage will apply to newly acquired vehicles (whether additional or replacement vehicles) only if you request the coverage within 30 days of the acquisition. However, liability coverage for a replacement vehicle is automatically provided until the end of the policy period. The liberalization clause states that if the insurance company makes a change to its policy form which provides broader coverage without a premium charge (for example, if it drops a policy exclusion), that change will automatically apply to your policy on the View the rest of this article