comprehensive insurance

  

Definition

Widest form of auto insurance protection that (in case of a collision, fire, or theft) covers the (1) insured driver and vehicle, (2) third-party driver and vehicle, and (3) third-party property. Premium is computed usually on the engine size and value of the vehicle, its intended use, and the age and driving record of the driver. Also called comprehensive cover or fully comprehensive insurance.

Related Videos




http://www.businessdictionary.com/definition/comprehensive-insurance.html

Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z