Auto Insurance

Definition of Auto Insurance Hierarchical Category as it relates to Automotive

Auto Insurance is a financial product that provides coverage for damages or loss incurred through vehicular accidents, theft, or other road mishaps. It is a legal contract between the vehicle owner and the insurance company, offering protection against financial loss in the event of an incident. The policy typically covers liability for injuries and property damage, collision damage, comprehensive damage from non-accident-related incidents, and uninsured or underinsured motorist coverage. It is an essential aspect of automotive ownership and operation, mandated by law in many jurisdictions.

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Child Hierarchical Categories