A society led by wisdom leads to prosperity. A society led by wise people leads to prosperity, whereas a society led by ignorant people leads to destruction of every kind. “There is nothing to be revered on this earth except love and wisdom,” Htoo Eain Thin said. Education; Illiteracy alters communities. Countries with more knowledge […]
BUSINESS
Is theft covered by auto insurance?
Imagine this: You have worked a double shift, had a stressful day overall, and it is late at night. You still need to get home in time to feed your family and run some errands. You get a strange feeling as you walk to your usual street parking spot. There is a flaw. Your heart […]
How soon after an accident can a claim be filed?
When to File a Claim After an Accident Factors That Can Affect an Insurance Timeline How to File an Auto Insurance Claim. The Bottom Line Frequently Asked Questions (FAQs) From a minor fender bender to a more serious accident that injures one or more people, car accidents can be stressful. By Charles Munyi Updated on […]
When is the deadline to report a car accident?
Know how quickly you need to contact your insurance company after a crash. By Michael Evans, last updated on August 27, 2022. Anthony Battle reviewed the article; Robyn Conti verified the accuracy of the information. You must document the vehicle’s damage and may be required to submit a police report. Additionally, you must inform your […]
What Is Auto Insurance with Full Coverage?
When looking for auto insurance, the term “full coverage” is frequently used. In most cases, it refers to any combination of liability, collision, and comprehensive insurance that a car owner might want. The policies and coverage that your insurance company offers will differ from state to state, and it is up to you to decide […]
If someone else is driving my car and gets into an accident, what happens?
Let’s say your best friend wants to run errands in your car for a few hours while theirs is being repaired. On the one hand, they wouldn’t ask unless they really needed it, like if their cat ran out of food or needed a ride to work for their brother. They, on the other hand, […]
How much does insurance for third parties cost?
According to the most recent information from the National Association of Insurance Commissioners, drivers paid an average of $650.35 in liability premiums each year in 2019. However, your driving record, the number of miles you drive, and where you live all affect how much you pay for third-party insurance. People who drive safely, travel less, […]
Do I require insurance from a third party?
At a minimum, property damage and bodily damage liability coverage are required by most states. Contrast this with optional collision and comprehensive coverage, personal injury protection, and uninsured motorist coverage, which more and more states permit motorists to skip. You may still be required to self-insure or provide evidence to the state that you would […]
How Third-Party Auto Insurance Works Once you know what a third party is, third-party liability insurance is easy to understand.
It is customary to speak in the first person when referring to oneself. In a similar vein, the first party in a car insurance claim is the individual or organization purchasing coverage. The second party is the insurance company you buy from. In this scenario, the third party is you, and if you are at […]
On your auto policy, what is third-party auto insurance?
A type of auto insurance called third-party insurance shields the insured driver from damages to another person or their property. You are covered by third-party auto insurance if you cause harm to other people or their property. That is, if you have third-party auto insurance, your insurance will cover the damage to someone else’s person […]