The insurance is covered by a contract or agreement between two parties. The first party is the insurance company and the second party is the owner of the vehicle. Through this contract, the insurance company is obliged to compensate the owner of the car for the damage and damage to his vehicle or the cars …
Motor insurance claim, facilitates the repair of the vehicles in any of the cashless garage network. Nevertheless, if the vehicle is serviced in a garage outside the network, then an insured person can reimburse the claim. The documents that are required for settling motor claims are: Happening and the list of the replacement of parts. The …
Gap insurance covers the excess amount on your auto loan in an instance where your insurance company does not cover the entire loan. Depending on the companies specific policies it might or might not cover the deductible as well. This coverage is marketed for those who put low down payments, have high interest rates on their loans, and …
· Fraternal insurance is provided on a cooperative basis by fraternal benefit societies or other social organizations. No-fault insurance is a type of insurance policy (typically automobile insurance) where insured’s are indemnified by their own insurer regardless of fault in the incident. Protected self-insurance is an alternative risk financing mechanism in which an organization retains the mathematically calculated cost of …
Auto insurance protects the policyholder against financial loss in the event of an incident involving a vehicle they own, such as in a traffic collision. Coverage typically includes: · Property coverage, for damage to or theft of the car. · Liability coverage, for the legal responsibility to others for bodily injury or …
