Auto insurance policy Auto insurance policy:
An auto insurance policy is contract between the insurance company and the insurer. Almost every policy provides the following coverage or something like it: Full Comprehensive coverage against accidental loss and/or damage and/or theft of the motor vehicle, including legal liability of the participant, to third parties arising out of the use of the motor vehicle. The Policy is also extended to cover the risk of Terrorism to the extent of the full value of the vehicle.
