The liability portion of the policy helps cover bodily injury and property damage claims for injuries or damage that happen to third parties in your apartment, or even as a result of your normal activities away from home. A slip, fall, or dog bite can result not only in medical bills that have to be taken care of, but also the possibility of a lawsuit.
Most common comprehensive claims: Glass claims and then accidents with deer are the most common. If you live in Arizona or another desert state, you're at a much higher risk for glass claims as rocks are frequently kicked up by cars. Deer accidents are most common in West Virginia and other central/non-coastal states, specifically if you live and drive in a highly wooded area.

Embedded value is the sum of the net asset value and present value of future profits of a life insurance company. Description: This measure considers future profits from existing business only, and ignores the possibility of introduction of new policies and hence profits from those are not taken into account. Also See: Insurance, Riders, Annualized Premium, Return, Beneficiary, Annuity, Insurabl
Accidental death benefit and dismemberment is an additional benefit paid to the policyholder in the event of his death due to an accident. Dismemberment benefit is paid if the insured dies or loses his limbs or sight in the accident. Description: In an event of death, the insured person gets the additional amount mentioned under these benefits in the insurance policy. These are the supplementary
Collision and comprehensive insurance are two optional types of auto insurance where your insurer pays for repairs to your vehicle. While there are other optional auto insurance coverages, liability, comprehensive, and collision are three of the most common. These coverages work hand-in-hand to repair or replace most of the damages to your car. It's important to know the difference, and make sure you're adequately covered.
Other pros of Progressive include it being an online company. You can get a quote directly from the Progressive website without having to speak to an agent. Cons of Progressive involve its customer service. Customers in the J.D. Power survey only gave mediocre remarks for Progressive for its buying experience and claims handling process. It isn't the worst, but Progressive is far from the best in the field. Because of this, Progressive might be the best insurer ideally for customers prioritizing low rates, especially after an accident, and do not mind a bit more cumbersome claims handling process.
The practice of deferring the outlays incurred in the acquisition of new business over the term of the insurance contract is called deferred acquisition cost. Description: Acquisition costs are the direct and indirect variable outlays incurred by an insurer at the time of selling or underwriting an insurance contract (both new and renewal). The costs may be in the form of brokerage, underwrit
While there are a couple of benefits of collision insurance, the main one is that you can file a claim and receive reimbursement regardless of who was at fault. Collision claims usually get processed faster than property damage claims because the insurance company does not have to spend time investigating who was at-fault. Another benefit is that you only deal with your own insurance company, rather than another insurer with less incentive to pay for your claim. Collision insurance can also be used toward your rental car in most cases, which can spare you from having to buy rental car insurance.

Besides the legal clause, Third Party Insurance comes in handy when your vehicle hits another vehicle. You can’t measure the level of damage as a result of an accident - it might lead to death as well. In such instances, the victim is allowed to register a case claiming for compensation. Here your third party motor insurance comes into the picture. It covers the insured vehicles in case any liability claim arises out of bodily injury, property damage, or death of a person. As per the guidelines of IRDA third-party property damage cover is limited up to 7 lakhs. Moreover, sticking to third party liability insurance is a wise idea if you own an old car and don’t want to spend your hard-earned money on it.
Florida, Kentucky, South Carolina mandate the repair by comprehensive insurance coverage without a deductible because they have found that driving with damaged windshields is dangerous, this is an advantage of comprehensive coverage in these states. This being said, most insurance companies will waive the deductible in the case of a glass repair, so it is worth calling your agent or representative to know your conditions.
Accidental death benefit and dismemberment is an additional benefit paid to the policyholder in the event of his death due to an accident. Dismemberment benefit is paid if the insured dies or loses his limbs or sight in the accident. Description: In an event of death, the insured person gets the additional amount mentioned under these benefits in the insurance policy. These are the supplementary
The cheapest car insurance, period, will likely carry the minimum coverage required in your state. In most states, this is liability insurance only, which covers property damage and medical bills for others due to accidents you cause. Some states also require uninsured and underinsured motorist coverage, which pay for your injuries or damage if an at-fault driver doesn’t have enough insurance.
Emily parked her car on the street outside a friend's building, during her visit the weather got bad, and she decided to stay the night instead of head home in the storm. The next morning when Emily went to leave she noticed the roof and hood of her car had huge welts in it. She figured it must have been caused by hail during the storm. She contacted her insurance company and they reassured her the loss would be taken care of by the comprehensive insurance coverage she selected when buying her policy although she would need to pay her $500 insurance deductible first.
Let's use the aftermath of Superstorm Sandy as an example to illustrate the differences between collision and comprehensive. Within that storm, let's consider two events that might have happened: 1) a heavy tree branch fell on your car, or 2) you swerved to avoid a falling tree branch and wound up crashing into a tree. In the first event, you had no control over when or why a tree branch would fall on your car. This kind of accident would get reimbursed under your comprehensive policy. In the second situation, you were driving the car and ultimately swerved into the tree, which makes it a collision, and collision insurance therefore pays for the damages. Events like the hypothetical ones stated above are why it's important to differentiate between the two types of coverage.
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