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Car Insurance Glossary - B

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Back-up Battery - A separate battery added to the security system as an alternate power supply to serve as a backup in case the vehicle's main battery should be disabled by a thief.
Basic Auto Policy - Although still used today to insure substandard risks, two-wheel motorized vehicles, and commercial autos, the Basic Auto Policy has been primarily replaced by the Personal Auto Policy, which combines both physical damage coverage and liability insurance for claims arising out of the ownership or use of a vehicle.
Basic Limits of Liability - The least amount of liability coverage that can be purchased, which is generally equivalent to the minimum amount required by state law. In determining rates, a carrier will use the basic limits to develop the base rates. If an insured person wants higher limits, the carrier applies an increased limits factor to the base rate in calculating the new premium for the increased coverage.
Bodily Injury Liability - Legal liability for causing physical injury or death to another.

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

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