Category: Insurance
Insurance Carrier and MGA
What is an Insurance Carrier? A company that sells insurance is known as an insurance carrier. The terms carrier, insurance firm, insurance agency, insurance provider, and insurance brokerage are all interchangeable. Insurance companies sell policies directly to consumers, such as
Personal Accident Insurance of Rental Cars
Insurance for Rental Cars Owning a car is an expensive attempt as the automobile ages, and the cost of repair, maintenance, and replacement parts rises. Rental cars may be the ideal choice for you if you are concerned about the
Explain Supplemental liability insurance in insurance of Rental cars
Supplemental liability insurance “SLI” stands for Supplemental Liability Insurance, and this is a car rental insurance policy that gives you third-party liability cover. That means, if you (Insured) are involved in an accident with your rental car, You (the driver)
What is an MGA?
Introduction A managing general agent (MGA) or a managing general underwriter (MGU) is a specialized type of insurance agent/broker who is granted underwriting authority from an insurer. Specific functions in the insurance sector such as binding coverage, underwriting and pricing,
The difference between an insurance writing company and the parent insurance company
Parental Insurance Company: A parent insurance company is an entity that is the overlooking entity for one or multiple subsidiary companies. These subsidiary companies can be totally independent or partially independent of the parent company. The purpose is to create
Liability Coverage in Insurance
If you cause an accident on your property or someone is wounded on your land, you may be held legally responsible for the resulting costs, such as medical or legal bills. Liability coverage can shield you against these types of
Types of coverages associated with Auto Insurance
If we are looking to buy a new vehicle or for auto policy then we should be aware of the types of coverage available. If we met with a vehicle accident then insurance coverages protect us, our passengers, and our
The Top 5 Benefits of Comprehensive Car Insurance
A comprehensive motor vehicle insurance policy protects your motor vehicle from any unlooked-for event except a collision. It covers the loss during an accident. Let’s take a look at the other benefits of this. As per the Motor Vehicle Act,
Free Look Period in various Insurance Policies
A policyholder is provided a free look period during which he or she can analyze and review the policy document. If you are not pleased with the policy’s inclusion and exclusion provisions as stated at the time of purchase, you