Which term best fits the description: 'Protects the policyholder against financial loss if they have an accident'?

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Protection against financial loss from car accidents is provided by automobile insurance. This coverage is designed to help pay for vehicle repairs or replacement, medical costs, and other damages or injuries that arise from a crash, up to the policy’s limits and deductibles. An insurance policy is the contract that spells out what’s covered and how claims are paid, not the protection itself. A premium is the money you pay to keep the policy active, and a copay is a fixed amount you pay when receiving a service, typically in health plans, not the protection for auto accidents.