Auto Insurance: Contract between Company and Car Owner

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What is car insurance?

Auto Insurance: Contract between Company and Car Owner

Car insurance is a contract that an auto owner enters into with a car insurance company. The car owner pays a predetermined premium to the company; in return, the car insurance company agrees to reimburse the car owner for specific financial losses related to that auto.

The reimbursement to the car owner depends on the limits agreed upon in the auto insurance policy. Shopping online for a car insurance policy can save is fast, easy, and can save money.

   

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Lynne Christen