liability - Insurance Software development

Coverages Other Than Liability In Auto Insurance

Author - Webner
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4:13 am
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Apart from liability insurance, which is required by Rhode Island law, an auto policy might include a variety of additional coverages.

Physical Damage to the Automobile

Comprehensive coverage covers damage to your vehicle caused by practically any other cause, such as fire, hail, windstorm, vandalism, flood, and theft. It also covers broken glass, such as damage to a windshield. Because comprehensive coverage is less expensive than collision coverage, many people opt for it. The lender who is financing your car will almost certainly need you to carry comprehensive insurance.
Collision coverage compensates you for damage to your car […]

Vicarious liability

Author - Webner
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4:44 am
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When you or your company is held financially liable for the activities of another group or person, this is known as vicarious liability. This is the legal structure that is most usually used when you are accused of mistakes committed by your contractors, employees, or agents.

What is Vicarious liability?

Vicarious liability means that you can be held legally responsible for another person’s crime, much as living vicariously through someone else involves taking joy in another person’s adventures. Because of the way certain legal relationships work, this is feasible.

Consider the following scenario: one of your […]

What is a SINGLE LIMIT LIABILITY (CSL) in Auto Insurance?

Author - Webner
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5:59 am
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Introduction

Single limit liabilities are the insurance policies that may have combined single limits. It states a single dollar limit that would apply to any combination of property damage liability, bodily limits as compared to split limits where separate dollar amount applicable to each accident that varies from per person, per occurrence of persons injured or property damage that is the result of an accident.

It is basically a provision of an insurance policy that would limit the coverage of all the elements of the insurance policy and claim it to be a single dollar amount. It has […]

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