Coverage - Insurance Software development

Stacked Vs. Unstacked Motorist Coverage

Author - Webner
06/27/2022
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5:01 am
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0 Comments
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Insurance
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Post Views: 178

Stacked Insurance:

The term “stacking” refers to the ability to combine coverage limits for several automobiles. The highest amount your insurance will pay toward a covered claim is known as the coverage limit. As a result, merging several coverage limits into a single larger limit can provide more protection in the event of an automobile accident involving an uninsured or underinsured motorist. Uninsured and underinsured motorist coverage is often covered by stacked insurance.

Uninsured/Underinsured motorist coverage: Uninsured and uninsured driver compensation is insurance coverage that helps cover medical costs and vehicle repair or replacement costs […]

What is Towing and Labor Costs Coverage?

Author - Webner
06/24/2022
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4:49 am
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0 Comments
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ACORD AL3, Insurance
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Post Views: 141

Introduction

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 […]

What does no-fault coverage mean?

Author - Webner
02/16/2022
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4:44 am
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0 Comments
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Insurance
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Post Views: 466

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

No-fault insurance covers policyholder’s medical bills if he/she is injured in an accident, regardless of who is at fault. This insurance is different from other types of auto insurance, such as in liability coverage insurance company will pay only when a party is […]

Collision Coverage

Author - Webner
12/07/2021
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4:33 am
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0 Comments
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Insurance
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Post Views: 389

Introduction

Collision coverage is a type of automobile coverage that pays for the repair or replacement of a vehicle in case of an accident caused by a collision with another vehicle or object such as a tree, fence, or pole. This coverage also covers the damages in case the vehicle flips or rolls. Collision coverage also covers the damages under a hit and run case or if there is a collision where no one is at fault. Damage caused to a vehicle by potholes is also covered under this coverage. The damages are paid up to the limit […]

Personal accident insurance and Personal effects coverage

Author - Webner
10/26/2021
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5:07 am
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0 Comments
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Insurance
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Post Views: 424

Introduction To Insurance:

Insurance is a contract between two entities whereby one entity is called an insurer and the other is called an insured. In other words, an Insurance contract is represented as a policy. Insurance mainly provides financial protection or reimbursement against losses to an individual or entity. Her Insured usually received a contract called an Insurance policy.
Insurance protects the insured from financial losses. While insurance is being filled, the amount of money charged by the insurer for the particular coverage is called the premium.

If the insured experiences any loss which is covered in their […]

Dwelling Insurance and Its Coverage’s

Author - Webner
05/19/2021
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4:20 am
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0 Comments
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Insurance
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Post Views: 583

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 coverage protects the home where the person (Insured) lives with an attached structure like a garage or a porch with some added coverages.

Dwelling Insurance Coverage

There are certain hazards that are covered by most homeowner insurance policies. So coverage can vary from state to state and may also depend on […]

What are Coverage Limits and Deductibles in Auto Insurance?

Author - Webner
03/09/2021
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4:30 am
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0 Comments
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Insurance
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Post Views: 831

Introduction

Auto insurance is defined as a contract between the insured and the insurance company that protects the insured against financial loss in the case of an accident or theft. The insured person or the policyholder has to pay premiums for the coverage set forth in the insurance policy.

All states have regulations that set the minimum amounts of insurance or other financial security the vehicle owners have to pay for the loss caused by their negligence behind the wheel if an accident occurs. An individual has to select the coverage limits and deductible while buying an auto […]

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