All laws are state-based, although there are some differences, the following are common. There are two forms of insurance, “compulsory third party” (CTP) and “extended” A mandatory third party is mandatory and requires registration or re-registration of a vehicle. It covers people (including you and your car passengers) who were injured in a motor vehicle …
The world is full of chaos. However, people hate random and bad surprises and prefer to make predictions. Insurance companies help reduce the risk to the entire population and reduce the number of surprises. It reduces the chaos of life and enables us to be less stressed. Let’s take the case of auto insurance which …
In this case, to say “USA” is to say “Europe”, since most matters relating to auto (traffic law, ownership, registration, insurance, etc.) are matters of the individual state, not of the federal. Sarkar remembers my P&C training in the 90’s as a former Progressive and Liberty Mutual Insurance agent trying) I tried to explain it …
The average cost of auto insurance cannot be categorized in any one specific range, as it depends on a variety of factors. Depending on your car, the insurer and the benefits provided, the cost of auto insurance can range from around Rs 2,000 to a good 10,000 or more. Here are some key factors that …
What is the average cost of auto insurance? Car Insurance।। Car Insurance Money. Read More »
Extensive car insurance provides comprehensive coverage to you as well as third parties in case of any loss or damage to your vehicle due to accident, natural disaster, theft, fire, etc. Can customize These add-ons are optional and cost extra. In India, third party cover is mandatory as opposed to comprehensive cover. However, I would …
Well, say your car is worth $ 30,000 and you had an accident. How do you pay for car repairs if you don’t have insurance? Also, if the accident is your fault, you will have to pay for repairs to the other car, house, whatever, and those costs are $ 100,000, then your passengers or …