Auto Insurance terms starting with N

9 terms

1. Named driver exclusion An endorsement that provides that a policy does not cover accidents when a specifically named person is the driver.
2. Named driver policy An automobile insurance policy that doesn't provide coverage for an individual residing in a named insured ’s household specifically unless the…
3. Negligence Failure to exercise a generally acceptable level of care and caution resulting in injury or damage to a third party.
4. Negligence/Negligent A determination of fault in an accident caused by your inattention or carelessness.
5. No-fault insurance A form of insurance available in many states under which each driver in an accident files claims for losses, such as medical expenses, with their own…
6. Non-Bound Application There is no coverage involved and you pay no money. The insurance agent submits the application to the company to find out whether or not you will be…
7. Non-owners policy Insurance coverage that offers liability, uninsured motorist, and medical payments to a named insured who does not own a vehicle.
8. Non-renewal A notice of the insurance company’s refusal to renew your policy prior to the end of the policy term.
9. North Dakota Insurance Guaranty Fund A fund that pays an insurer's claims when the company is insolvent. All North Dakota licensed automobile insurance companies belong to the North Dakota…