Terms

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Responsibility limit - the maximum sum of insurance compensation on each suffered insured person or as a whole under the contract.
Prolongation - prolongation of period of validity of the contract of insurance.
Recourse - the right of the insurer to a presentation to the third party guilty of approach of insured event, claims for the purpose of compensation reception for the caused damage.
The insurer - the person concluding the contract with the insurance organisation.
The insurer - the organisation offering services of insurance.
Insurance premium - the insurance policy price.

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Insured event (risk) - the event provided by the contract of insurance or the law with which approach there is a duty of the insurer to make insurance payment to the insurer, to the insured person, выгодоприобретателю or to other third parties.
Insurance cost - the valid cost of a vehicle at the moment of the conclusion of the contract of insurance in a place of its finding at the moment of signing of the contract taking into account year of release and a technical condition of a vehicle.
The insurance sum - a sum of money in which limits the insurer bears responsibility for performance of the obligations under the contract of insurance or the maximum size in which limits the insurer undertakes to pay insurance compensation at insured event approach. The insurance tariff - the rate of an insurance premium from unit of the insurance sum expressed... In percentage of the insurance sum of in advance caused time interval.