“Accident Forgiveness”, “Actuary”,”Comparative Negligence”,”Premium”

Auto insurance terms explained

Accident Forgiveness : Depending on your car insurance company, the state you are residing and the period of time you have been driving without accident. It means that you will not be billed additional premium after insured person next at fault car accident.

Actuary is someone who is mathematically or statistically inclined that will normally calculate the Premium you will be paying, the risk involved, assess various car insurance trends as well as working on other financially and computing roles in insurance company.

Comparative Negligence , Depending on state, it is a policy that allows someone who is insured but suffer lost to recover some parts of properties lost even when they are partially the cause of the problem that result to such lost.

Premium is the amount you as an insured pay to your car insurance company in exchange of risk protection that may happen to you.

Insured is the person or organization that pays this premium to the insurance company.

Car Insurer is the firm or organization that provides auto insurance services.

Competitive Estimate; This is normally used when an insurance company informs you, (insured) to submit more than one estimate repair of your broken car for them to consider. 

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My name is Kingsley Chukwuma and your web tutor, car insurance expert adviser and webmaster. Am so happy to assist you make a perfect plan and decision in buying auto insurance and I do hope you will find the content of this site extremely helpful in making your decision about buying car insurance. Let me quickly state my educational qualifications. Am a Bachelor’s Degree holder in Economics and also a Master of Business Administration. I have attended many seminars and delivered papers on car insurance. in addition, I have also written articles and have worked as an expert in the field. To learn more about me, visit About page. Thank you for your time and enjoy the content of this site.
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