Cheap Auto Quote, Common Auto Insurance Terms Starting with the Letters M and N
Medical payments and personal injury protection: Medical payments and personal injury protection or PIP pays a limited medical and funeral expenses if you, a family member, or a passenger in your car is injured or killed in a motor vehicle accident. PIP also pays lost-income benefits.
Named driver exclusion: Named driver exclusion is an endorsement that provides that a policy does not cover accidents when a specifically named person is the driver.
Named driver policy: Named driver policy is an automobile insurance policy that doesn’t provide coverage for an individual residing in a named insured ‘s household specifically unless the individual is named on the policy. The term includes an automobile insurance policy that has been endorsed to provide coverage only for drivers specifically named on the policy.
Non-owners policy: Non-owners policy is an insurance coverage that offers liability, uninsured motorist, and medical payments to a named insured who does not own a vehicle.
Non-renewal: Non-renewal is a decision by an insurance company not to renew a policy.