rates.ca

Website:https://rates.ca/
Upvotes received0
Downvotes received0
Karma:0 (upvotes-downvotes)



0 earned Badges

No badges were found



Definitions (43)

1

0 Thumbs up   0 Thumbs down

certificate of insurance


A document confirming the purchase of insurance.
Source: rates.ca

2

0 Thumbs up   0 Thumbs down

claim


Request by the policyholder to be reimbursed by the insurance company for loss covered under the insurance policy.
Source: rates.ca

3

0 Thumbs up   0 Thumbs down

Collision coverage


Coverage protecting you financially in the case of damage to your car resulting from an accident where you're found at fault. It also covers damage to your vehicle caused by an unidentified perso [..]
Source: rates.ca

4

0 Thumbs up   0 Thumbs down

Comprehensive coverage


Coverage protecting you financially from damage other than collision damage done to your vehicle. (i.e. theft, fire, vandalism, etc.)
Source: rates.ca

5

0 Thumbs up   0 Thumbs down

DEDUCTIBLE


A pre-determined amount that a policyholder is required to pay as part of a claim before payment is made by the insurance company.
Source: rates.ca

6

0 Thumbs up   0 Thumbs down

DEPRECIATION


The reduction in the value of an asset (i.e. vehicle) over time.
Source: rates.ca

7

0 Thumbs up   0 Thumbs down

Facility Association


An insurance pool made up of all insurance companies. Facility Association provides coverage to high risk drivers who are unable to obtain auto insurance elsewhere. As a result it is considered an ins [..]
Source: rates.ca

8

0 Thumbs up   0 Thumbs down

Family Protection Endorsement


Additional coverage if you're involved in an accident with a driver who has no insurance or less insurance coverage than you and who doesn't have enough coverage for your claim.
Source: rates.ca

9

0 Thumbs up   0 Thumbs down

Good Driver Discount


A discount on auto insurance offered by some insurance companies for maintaining a clear driving record over an extended period of time.
Source: rates.ca

10

0 Thumbs up   0 Thumbs down

good student discount


A discount on auto insurance offered by some insurance companies for being a student and maintaining a good grade point average.
Source: rates.ca


To view all 43 definitions, please sign in.