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Most insurance companies will increase insurance premium rates based on these factors and offer discounts less frequently. Insurance companies provide a motor vehicle owner with an insurance card for the particular coverage term, which is to be kept in the vehicle in case of a traffic collision as proof of insurance. Recently, states have ...
Pollution insurance usually takes the form of first-party coverage for contamination of insured property either by external or on-site sources. Coverage is also afforded for liability to third parties arising from contamination of air, water, or land due to the sudden and accidental release of hazardous materials from the insured site.
Capital parts are typically repaired or replaced during planned overhauls/scheduled inspections. As description implies, these Capital Parts are typically expensive and are depreciated over time. Examples of capital parts include pumps and motor sets used in industrial plants, or impeller or a rotor required for a pump or motor. This “spare ...
The Insurance Information Institute, an insurance industry trade group, says it supports the new rules, arguing it is the best solution for allowing its members to insure the fire-prone part of ...
Vehicle insurance (also known as car insurance, motor insurance, or auto insurance) is insurance for cars, trucks, motorcycles, and other road vehicles. Its primary use is to provide financial protection against physical damage or bodily injury resulting from traffic collisions and against liability that could also arise from incidents in a ...
Mariah Carey. In 2016, Mariah Carey embarked on her “Sweet Fantasy” tour, but preparations involved more than just rehearsals. The iconic diva took out a $35 million insurance policy on her ...
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The term replacement cost or replacement value refers to the amount that an entity would have to pay to replace an asset at the present time, according to its current worth. [1] In the insurance industry, "replacement cost" or "replacement cost value" is one of several methods of determining the value of an insured item. Replacement cost is the ...