uninsured motorists coverage : This coverage protects the policy holder in case of a loss created by an uninsured driver or hit and run accidents. This is part of an auto insurance policy.
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What is an insurance valued policy?
valued policy : This is used to insure property that has an agreed upon value by the insured and insurance company. The value is the amount the policy would cover if a loss was to incur. A valued insurance policy is used for property with unique qualities that makes using standard appraisal services insufficient.
Read MoreWhat is an insurance void?
void : Used to nullify or cancel an insurance policy or legal contract due to previously agreed upon terms. For example an insurance policy will become voided if premium payment is not made.
Read MoreWhat is vandalism?
vandalism : The destruction of another persons property. Many acts of vandalism to people are random.
Read MoreWhat is insurance risk management?
risk management : It is the the technique of managing or handling risk that the insured may be subjected to. Risk management for insurance purposes compiles data related to the insured exposure and probability of a loss occurring. With this information various risk management strategies may be applied to keep losses to a minimum. Methods […]
Read MoreWhat is an uninsurable risk?
uninsurable risk : Risk that getting insurance for is hard to obtain.
Read MoreStay Informed with Black Car Insurance News Blog
Black car insurance new section is going to feature news related to the transportation insurance business. This will keep policy holders and drivers up to date with the latest practices.
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