Visual Learning Modules
Six short modules that turn policy vocabulary into something you can actually picture.
Module 01
The amount you agree to pay toward a covered claim before your coverage pays the rest.
The amount you agree to pay toward a covered claim before your coverage pays the rest. Usually applies per claim, not per year. Often applies to collision and comprehensive, not to liability. A higher deductible typically means a larger out-of-pocket share when a claim happens.
The amount paid to keep a policy active for a set period, such as monthly or every six months. Paying a premium is separate from paying a deductible. Common rating factors include vehicle, location, and driving history. Paint color is generally not one of them.
Covers bodily injury and property damage you are legally responsible for causing to other people. Often written as three numbers, such as 25/50/25. The first two numbers usually refer to bodily injury limits. The third number usually refers to property damage limits.
Generally helps pay to repair your own vehicle after it hits another vehicle or object. Usually subject to a deductible. Typically optional unless a lender or lease requires it. Payouts are often limited to the vehicle's actual cash value.
Generally covers damage from events other than collisions. Examples: theft, hail, flood, fire, vandalism, animal strikes. Sometimes called "other than collision" coverage. Usually subject to its own deductible.
The summary page of a policy listing covered vehicles, drivers, coverages, limits, and deductibles. Check that every listed vehicle and driver is correct. Match each coverage type to its limit and deductible. Contact your own insurer or licensed agent with policy-specific questions.