You would be forgiven to think that with comprehensive auto insurance, a motor insurance company would settle virtually any claim you make. The truth is that a comprehensive cover is not a blanket cover for all the things that can happen to your car. The whole point of insurance is to protect you from the … Read more
Comprehensive car insurance includes cover for physical damage, theft, or fire of the insured vehicle and also includes third-party property damages, bodily injuries, and legal liability of the insured. The policy will compensate the insured for any costs arising out of an accident, theft, flooding, earthquake, or fire. This is the main difference with third … Read more
The purpose of insurance bonds is to protect third parties in respect of loss suffered as a result of the failure of the insured to perform a task described in a contract between the insured and the third party. insurance bonds are however quite different from general liability insurance. The main difference between the two is which … Read more