Difference between revisions of "Automotive Insurance"

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Maximums may be set per period (e.g., annual or coverage term), per loss or damage, or over the lifetime of the policy, also referred to as the lifetime maximum. Insurance policies could be advanced and some policyholders could not understand all of the charges and coverages included in a policy. The types of risk that a captive can underwrite for his or her dad and  [http://hospital.xn--oy2b11v6nl.com/bbs/board.php?bo_table=free&wr_id=1762 hospital.xn--oy2b11v6nl.com] mom embrace property damage, public and product legal responsibility,  [https://45.76.26.178/index.php?title=User:JungToussaint18 https://45.76.26.178/] professional indemnity, worker advantages, employers' legal responsibility, motor and medical assist bills. The captive's exposure to such dangers may be restricted by the use of reinsurance.<br>Collateral safety insurance insures property held as collateral for loans made by lending establishments. Mortgage insurance insures the lender against default by the borrower. 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