Insurance companies use transaction categories to track every stage of a policy’s lifecycle. Each code represents a specific event—whether it’s starting, updating, renewing, canceling, or auditing a policy. Here’s a [...]
What is Property Damage Liability and in which AL3 group its details can be found in Personal Lines policies? Which elements are important in this group to get the details?
PROPERTY DAMAGE LIABILITY: Automobile insurance covers property damage liability. If the person (insured) is at fault who caused damage to another person's property or vehicle, it helps in covering [...]
