Insured - Insurance Software development

Uninsured and Underinsured Coverages

Author - Webner
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4:32 am
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Uninsured and Underinsured coverage is a type of auto liability coverage that covers the expenses in case someone meets with an accident with an uninsured or underinsured driver. According to a 2017 report by the Insurance Research Council, one in eight drivers is uninsured meaning they do not have any insurance policy. An Underinsured driver is the one whose policy limit is too low to cover the total expenses of the person they are in an accident with. Hence, uninsured and underinsured insurance coverage becomes very important to protect you from irresponsible drivers on the road.

Working of Uninsured […]

Define and Differentiate some Insurance Terms

Author - Webner
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9:07 am
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1. Insured:
The insured is the person or entity who is covered by an insurance policy. The insurer is the entity (insurance company)that pays to, or on behalf of the insured for a covered loss. That which is covered by the policy is set forth in the insurance policy. Something that’s insured is protected by an insurance policy — in other words, its loss or damage will be compensated by an insurance company. If your laptop is insured, you’ll get enough money to replace it if it’s stolen. If an insured house burns down or […]

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