Auto Insurance Terms Explained Esurance
Auto Insurance Terms Explained: Esurance Edition
What Is Esurance?
Esurance is a leading online provider of auto insurance in the United States. Founded in 1999, Esurance has quickly become a household name in the auto insurance industry. Esurance provides customers with a wide variety of auto insurance coverage options, including liability, collision, comprehensive, and more, all at competitive rates. Esurance is committed to helping customers save time and money on their auto insurance policies, and offers a wide range of discounts and other savings opportunities.
Understanding Auto Insurance Terms
When shopping for auto insurance, it is important to understand the terms used in the industry. Esurance has a helpful glossary of common auto insurance terms that can help customers understand their coverage and make informed decisions. Below are some of the most commonly used auto insurance terms and their definitions.
Liability:
Liability coverage is a type of auto insurance coverage that helps protect you if you are responsible for causing an accident. It covers you in the event you cause damage to another person’s property, or if you are found responsible for causing personal injury. Liability coverage typically pays for the costs associated with the accident, including medical bills, lost wages, and property damage. It does not cover your own car or injuries.
Collision Coverage:
Collision coverage is a type of auto insurance coverage that pays for damages to your vehicle if it is involved in an accident. It will cover the cost of repairs to your car, as well as the cost of a rental car if you need one while your car is being repaired. Collision coverage typically has a deductible, which is the amount you must pay out of pocket before your insurance company will pay the rest. Esurance offers a variety of collision coverage options, so customers can find one that fits their budget.
Comprehensive Coverage:
Comprehensive coverage is a type of auto insurance coverage that helps pay for damages to your car if it is damaged by something other than a collision. This includes damages caused by things like theft, vandalism, fire, and hail. Comprehensive coverage typically has a deductible, which is the amount you must pay out of pocket before your insurance company will pay the rest. Esurance offers a variety of comprehensive coverage options, so customers can find one that fits their budget.
Uninsured/Underinsured Motorist:
Uninsured/Underinsured Motorist coverage is a type of auto insurance coverage that helps protect you if you are involved in an accident with another driver who does not have auto insurance. This coverage helps pay for medical bills, lost wages, and property damage if you are involved in an accident with an uninsured or underinsured driver. Esurance offers a variety of Uninsured/Underinsured Motorist coverage options, so customers can find one that fits their budget.
Medical Payments Coverage:
Medical Payments coverage is a type of auto insurance coverage that helps pay for medical bills if you or your passengers are injured in an accident. This coverage helps pay for medical bills, regardless of who is responsible for the accident. Esurance offers a variety of Medical Payments coverage options, so customers can find one that fits their budget.
Conclusion
Esurance offers a wide variety of auto insurance coverage options, so customers can find a policy that fits their needs and budget. Understanding the terms used in the auto insurance industry is the first step in finding the right policy for you. Esurance's glossary of auto insurance terms is a great resource for anyone looking to better understand auto insurance.
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