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Understanding Your Car Insurance Policy

As any consumer or motorist knows, shopping for car insurance can be somewhat intimidating. In addition to the jargon found in car insurance company contracts, the amount of policies offered by different insurance providers can be overwhelming. A simple breakdown of your automobile insurance contract can offer you an understanding of what you hold in your hand. Let's take a look at the various paperwork involved in your policy so that you may be more aware of the inner workings of your policy.

This first page of your insurance contract is what is known as the insurance declarations page. This is sometimes referred to as a "dec" in shorthand. It serves as your quick reference guide for your automobile insurance policy. The top of the page should include your insurance company's name, your policy number, and the dates during which your policy is in effect. It will also offer a quick summary of other drivers and their driving histories. It will offer a summary of all the vehicles listed under your policy, including their makes, models, and even colors. After this summary, there will be a breakdown of each type of insurance each car carries and the amounts you are being charged for each.  

Following the declarations page will be the policy form page. The content of this page consists of ten to twelve pages containing the terms and conditions of your policy. This also includes the agreement between you and your insurance provider. The details of the agreement include descriptions of your coverage, the definitions of the coverage, the legal and financial responsibilities of each party, and what scenarios are covered by your insurance policy when damage comes up. While this fine print may seem boring and dry at first, it would be beneficial to you to familiarize yourself with its content.  

Your endorsements page will follow the policy form page. The endorsements page consists of the amendments and riders (or changes) added to your policy. A rider must be agreed upon by both parties. A rider can include adding to or dropping forms of coverage from your original policy and adding or deleting vehicles. Should you decide to update your policy, you will receive a new contract with the updated information.  

The next page you find will be most likely include your proof of financial responsibility cards, or as they are more commonly known, your insurance cards. These are small cards that are designed to be carried with you or in the glove box of your car as proof of your insurance coverage. If you were to be pulled over by a police officer for whatever reasons, this would be the document he or she would ask for along with your license and registration. It is important to always keep these cards close by you. 

In order to learn more about car insurance, you can begin by obtaining a quote on your vehicle insurance. You can compare multiple rates from multiple providers on the policy you are interested in. With numerous options before you, you will have an increased chance of finding a policy that will suit your needs at an affordable rate.


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