Auto Insurance: Contract between Company and Car Owner

Read this tip to make your life smarter, better, faster and wiser. LifeTips is the place to go when you need to know about Car Insurance and other Car Insurance topics.

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.



Nobody has commented on this tip yet. Be the first.


URL: (optional)


Not finding the advice and tips you need on this Car Insurance Tip Site? Request a Tip Now!

Guru Spotlight
Phyllis Serbes