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Depending on the type of car insurance documents, you may want to pause before heading to the paper shredder or your digital recycle bin. In general, you should hold on to all insurance records ...
An automatic renewal clause is used in the insurance and healthcare industries . An automatic renewal clause (also referred to as an evergreen clause), is activated towards the end of the contractual period whereby it automatically renews the terms of an agreement except when the contract is terminated (through mutual agreement or contract breach), or one of the contracting parties has sent a ...
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 ...
In the United States, a type of extended warranty called vehicle service contracts are typically regulated by the states as insurance. At one point, California issued a cease and desist letter to several corporations which were selling the insurance illegally in the state; the corporations contended that it was not insurance because the ...
A nonrenewal can cause a lapse in homeowners insurance if you don’t get a new policy in place before the expiration date. If your coverage lapses, the mortgage company may put force-placed ...
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In insurance law, it refers to a promise by the purchaser of an insurance about the thing or person to be insured. [ 3 ] In contract law, a warranty is a contractual assurance given, typically, by a seller to a buyer, [ 4 ] for example confirming that the seller is the owner of the property being sold. [ 5 ]