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Auto insurance can be downright baffling for consumers, and according to research from Forbes Advisor, 40% of insureds believe they have coverage in their auto policy that doesn't actually exist.
From collision coverage, to deductibles, to PIP and everything in between, these confusing terms can easily jumble an insured's understanding of their policy. Outside of those who enter the insurance space professionally, many people never bother to learn much about insurance terminology or how a policy is constructed, which leaves the burden on agents to ensure their clients are fully aware of the scope of their coverage.
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Brittney Meredith-Miller
Brittney Meredith-Miller is assistant editor of PropertyCasualty360.com. She can be reached at [email protected].
