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2. This Arizona man says his gap insurance won’t pay an $18,000 ...

   www.aol.com/finance/arizona-man-says-gap...

   If your car is totaled, standard auto insurance policies will pay out the current market value of a vehicle at the time of a claim. So, if you bought a car for $20,000 and your car is totaled five ...

3. Arizona car insurance laws - AOL

   www.aol.com/finance/arizona-car-insurance-laws...

   Gap insurance: this optional coverage will pay the difference between your totaled car’s actual cash value and the amount you still owe on your car loan if that is a higher amount than the car ...

4. What is an insurance claim and when should you file one? - AOL

   www.aol.com/finance/insurance-claim-file-one...

   An auto insurance claim is essentially your way of notifying your insurance provider that you’ll need to use your policy to cover expenses after your car is damaged in a covered incident. The ...

5. Loss ratio - Wikipedia

   en.wikipedia.org/wiki/Loss_ratio

   For insurance, the loss ratio is the ratio of total losses incurred (paid and reserved) in claims plus adjustment expenses divided by the total premiums earned. [1] For example, if an insurance company pays $60 in claims for every $100 in collected premiums, then its loss ratio is 60% with a profit ratio/gross margin of 40% or $40.

6. Condition of average - Wikipedia

   en.wikipedia.org/wiki/Condition_of_average

   Illustration of the partial payout of Sum Insured against probability of occurrence. Condition of average (also called underinsurance [1] in the U.S., or principle of average, [2] subject to average, [3] or pro rata condition of average [4] in Commonwealth countries) is the insurance term used when calculating a payout against a claim where the policy undervalues the sum insured.

7. Solvency ratio - Wikipedia

   en.wikipedia.org/wiki/Solvency_ratio

   The solvency ratio of an insurance company is the size of its capital relative to all risks it has taken. The solvency ratio is most often defined as: ... The solvency ratio is a measure of the risk an insurer faces of claims that it cannot absorb. The amount of premium written is a better measure than the total amount insured because the level ...

8. Minimum car insurance coverage requirements in each state - AOL

   www.aol.com/finance/minimum-car-insurance...

   Nearly all states have some form of car insurance requirement. Many states allow drivers to satisfy minimum requirements in several ways, including through a bond, deposits, evidence of self ...

9. Underwriting profit - Wikipedia

   en.wikipedia.org/wiki/Underwriting_profit

   Should a customer have a covered auto accident, the company pays out a claim. In the time between the receipt of each premium payment and the paying of the claim, the money received by the insurer can be invested. Returns from investments are the primary source of profits for an insurance company. If the amount of premiums taken in is greater ...