Do you want to get the auto insurance coverage you desire? One basic way of accomplishing this is by learning the terms of auto insurance. Knowing the terms of auto insurance can not be over-emphasized. It is a key factor to your choosing the right insurance policy for your car.Take a fresh look at some of the interesting terms of auto insurance to better equip you for the booming industry. Here are some of them:BinderTemporary agreement stating that the auto insurance policy is under effect but may not necessary is. This agreement is based on the contract both of the policyholder and the insurance company which may not have taken into effect.When a policy cannot be endorsed immediately, the binder is used to protect the policyholder until the insurance policy has fully gone into effect.Bodily InjuryThis is an unexpected damage or injury to the body of the car driver and/or passengers, pedestrians etc resulting from an accident, storm, wind, or any other form of casualty.Sometimes, this could be due to negligence on the part of the car driver. Proper care should be taken by car drivers when they are driving on the road.It could also be the result of negligence on the part of other drivers on the road. Having bodily injury liability coverage should be expected on the part of drivers.Bodily Injury Liability CoverageThis is also auto insurance policy coverage for the policyholder in the event of car accidents causing bodily injuries for the driver and others involved e.g. passengers and/or pedestrians.In most cases, the coverage includes the income lost as a result of the accident and even up to medical bills for the victims having the coverage.There are much benefits of having coverage of bodily injury. One major reason is the reduction of medical expenses.Normally, all medical expenses of an accident resulting in bodily injury are assumed to be the primary responsibility of the victim or his or her guardian.Coverage for bodily injury can be accessed based on the severity of injuries sustained during the cause of the accident and the medical bills involved for such injuries.As already noted, injuries can be sustained by others not in the vehicle e.g. pedestrian which may result in a legal case against the driver.In this case, the coverage may also be used to cover the costs of any legal defence involved when the driver is actually found guilty for the injuries sustained by the victims other than him.Blue BookThis refers to the printed book or writing of auto insurance. It is primarily used for the purpose of determining the actual market value of fairly used cars and trucks that have auto insurance coverage.The value of the automobile or car as determined by the book is the same as that computed and indemnified to the policyholder for an accident resulting in the damage of the car or truck.The blue book often helps in keeping the right record and value of the insured car or truck. The book is always safely kept for future references in the event of an accident resulting in a car damage.BrokerIn auto insurance terms, a broker simply refers to a marketing professional or consultant who represents one or more insurance companies.They take appropriate steps and procedures to ensure the insurance customer or policyholder get the best value or auto insurance coverage.They are primarily there to working hand in hand with companies and agents to give the best value to all active policyholders.Broker-AgentThis is a licensed insurance specialist who acts as both a representative agent and a broker for one or more insurance companies.They also ensure that the customers or policyholders get the best value for their insurance policy. They are like the middle man between you and the insurance company they represent.They may also have to carry your complaint or feedback to the insurance companies in order to satisfy your insurance needs.In addition, they may have to give or pass some updates of the insurance company to the policyholder during the time of which the policy is in force.They need to be reasonable and be keenly interested in the affairs and needs of the insured. They need to be very conversant and familiar with the insurance field they represent.Broker Fee AgreementIn insurance terms, it means the contract agreement between the insured/policyholder and the licensed broker during the period of active insurance coverage.Sometimes, this agreement may include the actual charges of the services of the broker for the insurance coverage of the policyholder.All decisions and actions are mostly based on this agreement of the insurance policy. This helps in avoiding unnecessary disagreement and failures during the insurance coverage.