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A multi-car policy simply means that a car insurance policy has more than one vehicle insured. A benefit of insuring multiple cars through a single policy is that most providers give a discount ...
Pros. Cons. Multi-car policy. The more cars you add, the more you may save through multi-car discounts Easier to manage all in one place Pay one bill covering all vehicles on the policy
A car insurance policy number is a unique code associated with your auto insurance policy. Think of it as a Social Security number for your car insurance — it’s how your insurer keeps track of ...
Different levels of coverage may protect consumers depending on which insurance policy they purchase. Coverage is sometimes seen as 20/40/15 or 100/300/100. The first two numbers seen are for medical coverage. In the 100/300 example, the policy will pay $100,000 per person up to $300,000 total for all people. The last number covers property damage.
In insurance, the insurance policy is a contract (generally a standard form contract) between the insurer and the policyholder, which determines the claims which the insurer is legally required to pay. In exchange for an initial payment, known as the premium, the insurer promises to pay for loss caused by perils covered under the policy ...
Insurance, generally, is a contract in which the insurer agrees to compensate or indemnify another party (the insured, the policyholder or a beneficiary) for specified loss or damage to a specified thing (e.g., an item, property or life) from certain perils or risks in exchange for a fee (the insurance premium). [2]
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