The Florida Insurance Glossary, designed to help Florida residents better understand the terms used.
Gap Insurance: Optional insurance coverage that pays the difference between the actual cash value of the vehicle
and what is owed to the leasing or finance company.
Good Student Discount: Insurance discount offered for youthful operators that are students and maintain good
grades, usually a B or 3.0 GPA or better.
Grace Period: A period of time an insurance contract remains in effect after expiration and before a renewal
premium is paid (no grace period for automobile insurance policies).
Guaranty Fund: A method whereby solvent insurers pay claims to policyholders of failed insurance companies.
Florida Insurance Glossary Terms "G" Florida Auto Plus Insurance Agency - "Lower your Florida car insurance cost for life"
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Car Insurance Specialists & Florida Independent Agents
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Clifford J. Schimek - Lower your car insurance cost for life.
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