Financial Responsibility Clause


Definition of "Financial responsibility clause"

Chad  Howery real estate agent
Chad Howery Donna and Team New Bern with Keller Williams Realty

Provision in automobile insurance, such as the personal automobile policy (pap), stating that a particular policy furnishes adequate coverage, the minimum of which is at least equal to that required by the financial responsibility laws in the state in which the insured is driving.

Have a question or comment?
We're here to help.

 
 
 
*** Your email address will remain confidential.
 
 
 

 

Popular Insurance Terms

Popular Insurance Questions