Towing and labor cost coverage is an optional coverage that pays the cost of towing the vehicle to a repair shop when it is unable to be driven. It also covers a specified amount of necessary labor charges at the place of the breakdown
By adding this coverage to the car insurance policy, insureds can protect themselves against some of the costs and hassles associated with common roadside breakdowns like dead batteries, flat tires, or even an embarrassing lockout. An insured must ask the insurer while buying the policy as some the insurers automatically fold this coverage […]
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 damage charges of another person which took place in a car accident. In most states, it is mandatory to take property damage liability coverage. However minimum amount requirement of property damage liability depends upon the state in which the insurance policy has been taken.
INCLUSIONS IN PROPERTY DAMAGE LIABILITY:
PRIVATE PROPERTY: vehicles, houses, lawn, fence.
PUBLIC PROPERTY: street lights, fencing, building, road […]
Basic Structure of an AL3 file:
AL3 file includes two types of groups:
Transaction Groups: Carries data related to the transaction between the source and destination
Data groups: Carries the data of the policy.
1MHG: The Message Header Control Group
This is the first group where the transaction starts indicating the logical start of the message. This group includes the address of the sender and receiver (Agency-Company) of the message along with the message text carrying the instruction of what to follow to receive the message and […]
What is AL3?
AL3 is one of the P&C standards created by ACORD. This standard was developed in the early 1980s. AL3 is designed as a batch communication method for policy and commission data. Data dictionaries and supporting documentation of AL3 standards are stored in the Access database maintained by ACORD. This database is mainly updated every 6 months with new variations and changes.
AL3 standard is widely used across the Insurance industry of the USA for property and casualty data transmission. As per ACORD, more than 500 companies are using this standard.
ACORD AL3 Library […]
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 your employees are driving a commercial vehicle. While both personal and commercial auto policies pay for legal and medical bills associated with auto accidents, commercial auto insurance usually covers higher claims, different types of vehicles, and more complex legal issues.
A commercial policy typically ensures all the business’s employees and additional insureds, It means […]
AL3Parser allows converting AL3/DAT files into JSON and CSV formats. It is a command-line application.
AL3Viewer is a Web application that uses AL3Parser on the server-side. It displays AL3 files in a web browser in a readable format. It is a free application that allows viewing the data in different formats like flat view (key-value) and in a tree view (hierarchy). It also allows downloading the AL3 data in CSV, JSON & simplified-JSON formats. To use AL3 Viewer, you just need to upload a file with extension .AL3 […]