Safe Driver Plan
Procedure for offering reduced auto insurance rates to drivers with good records, and imposing higher rates on bad drivers. Typically, premiums are weighted under a system that assigns points for traffic violations and accidents. The more points awarded during a certain rating period, the higher the premium. Most plans consider violations only during the past two or three years, giving bad drivers who improve their records a chance to reduce their premiums.
Popular Insurance Terms
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Historical record of dividends paid. ...
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Written contract between an insured and an insurance company stating the obligations and responsibilities of each party. ...
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Right that has a limited time in duration for an individual to receive the income generated by assets owned by another individual. ...
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