11 05, 2023

What is the meaning of Vehicle Class in Auto Insurance

2023-05-11T05:01:47+00:00May 11, 2023|Insurance|0 Comments

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| ByWinsurtech

The importance of having auto insurance cannot be overstated. In the event of an accident, theft, or other damage to your car, it offers financial protection. The vehicle class is one of the elements that affect how much auto insurance costs. We'll go through what vehicle [...]

29 06, 2022

What is a driver training credit in auto insurance?

2023-04-24T05:44:29+00:00June 29, 2022|Insurance|0 Comments

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| ByWinsurtech

Driver training credit is the discount or reduction provided to a student within the insurance premium. Young drivers become eligible for driver training credits upon completion of a driver training course. Most public school systems provide these sorts of courses. Insurance companies within the U.S. [...]

16 02, 2022

What does no-fault coverage mean?

2023-04-24T06:23:44+00:00February 16, 2022|Insurance|0 Comments

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| ByWinsurtech

Introduction: No-fault auto insurance, also known as personal injury protection (PIP) coverage, helps the policyholder pay the costs of medical expenses for you and their passengers after a car accident. The coverage benefits apply to all the passengers in your vehicle, regardless of who is [...]

22 10, 2021

Collision Damage Waiver (CDW)

2023-04-24T07:57:54+00:00October 22, 2021|Insurance|0 Comments

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| ByWinsurtech

A collision damage waiver (CDW) is a different type of insurance that is often given when we are taking the vehicle on rent and is sold by a rental car company. This covers damage/loss should an accident occur. Typically, a vehicle rental company charges you [...]

16 04, 2021

What is PROPERTY DAMAGE LIABILITY in Auto Insurance?

2023-04-24T08:42:12+00:00April 16, 2021|Insurance|0 Comments

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| ByWinsurtech

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, [...]

15 03, 2021

What are credits and surcharge in Auto Insurance?

2023-04-24T08:56:07+00:00March 15, 2021|Insurance|0 Comments

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| ByWinsurtech

Introduction While offering auto insurance to vehicle owners, insurance company's credits consider many aspects to calculate and present premium. Obviously, these companies do not want to go into loss but still want to provide insurance. So, they want to find out if the insured person [...]

17 07, 2020

What does BILL OF SALE mean in Auto insurance?

2023-04-24T11:05:12+00:00July 17, 2020|Insurance|0 Comments

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| ByWinsurtech

Introduction A bill of sale is a document that signifies a person or organization has sold goods to another person or customer. It is regarded as a legal document and can be used as valid proof in all legal matters. It also signifies that the [...]

13 07, 2020

What is the SYMBOL Age Group in Auto Insurance?

2023-04-24T11:07:10+00:00July 13, 2020|Insurance|0 Comments

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| ByWinsurtech

Introduction SYMBOL are the age groups that Insurance agencies use to assess the premium they will be charging from their consumers. This is mainly done for comprehensive insurance policies where the insurance company typically pays for the cost of repairing or replacing a vehicle if [...]

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