If the term you are looking for is not listed below, visit the IRMI glossary index for a complete listing.
Auto Liability - insurance pays for damage caused to others fi you are at fault in a covered accident, including the services of an attorney to defend you if you are sued after an accident.
Comprehensive - insurance that protects you in the event your vehicle is damaged due to theft, vandalism, flood or other covered peril.
Aggregate Limit - usually refers to liability insurance and indicates the amount of coverage under the contract for a specific period of time, no matter how many separate accidents might occur.
Indemnity - restoration to the victim of a loss by payment, repair or replacement.
Earned Premium - amount of the premium that has been paid for in advance has been 'earned' by virtue of the fact that time has passed without claim.