The main difference between personal and commercial auto insurance depends on who owns the vehicle. If your business owns a vehicle that is used for business purposes, it will be covered by commercial auto insurance. Commercial auto insurance covers accidents that occur while you or [...]
Dwelling Insurance: Dwelling coverage is a part of a home insurance policy and sometimes it is also called Dwelling Insurance. This policy may help to rebuild and repair the building if the building may be damaged by covered hazards. Or we can say that this [...]
A web-based Insurance Agency Management System or AMS is a Software as a Service (SaaS) tool that can optimize the existing agency business processes and run, and help the operations effectively. It tracks details of the policy, improves agent productivity, and provides instant access to [...]
What is an insurance endorsement? Insurance endorsements allow you to change standard property and casualty insurance. It is mainly used for any kind of additions, subtractions, and other updates to your coverage. It can also be used to clarify language or change administrative stuff like address, [...]
Introduction Irrespective of the kind of insurance coverages you are looking for, the ability to get the best auto insurance quotes at reasonable rates in the U.S. is not an easy task. Several insurance providers offer ‘unbeatable quotes’ and ‘best prices in the industry, therefore [...]
Parking - Parking is the primary parking location for the vehicle. It is the main parking area where vehicles are parked when not in use. Usually, it's the house address or where the car is parked for a maximum number of hours. For example - [...]
MVR Stands for Motor Vehicle Record/Report. In a Motor Vehicle Report a summary of a person’s driving records like past accidents, and traffic violations are noted. The MVR is used for background checks of the driver’s driving history. A motor vehicle report (MVR) is used [...]
Introduction Whether you have a car, a motorcycle, or an RV(Recreational vehicle), all these modes of transportation need Auto Insurance most of the time almost in all states. In order to protect your vehicle with an insurance policy, it is required to know what the [...]
Introduction Car safety plays a crucial role to diminish the occurrence of a vehicle accident and its consequences. Safety devices that protect passengers in the event of an accident were introduced about 50 years ago. Automobile safety features such as seat belts, harnesses, airbags, headrests, [...]
Property Damage Liability Among many types of coverage, Property Damage Liability coverage is quite common and popular. Damage caused to somebody’s property by an insured person is covered under Property Damage Liability. This liability coverage is present in many types of insurance like Homeowners Insurance, [...]
Introduction Auto insurance is defined as a contract between the insured and the insurance company that protects the insured against financial loss in the event of an accident or theft of the auto. In exchange for paying a premium by the insured, the insurance company [...]
Introduction Suppose your insured car is totally wrecked and unrecoverable after a major accident or stolen. Your auto insurance may give settlement based on the car’s actual cash value, but this is not the amount you paid for the car at the time of purchasing. [...]
