Class 1 Insurance

September 25, 2019 admin 0

DEFINITION of Class 1 Insurance Class 1 insurance covers an individual occupying an owned vehicle, an individual occupying a vehicle owned by a resident relative, […]

Aftermarket Parts

September 24, 2019 admin 0

What is Aftermarket Parts Aftermarket parts are replacement parts that are not made by the original equipment manufacturer. Aftermarket parts are used to replace damaged […]

Omnibus Clause

September 23, 2019 admin 0

What is Omnibus Clause An omnibus clause is a clause in an automobile liability insurance policy clause which extends coverage to individuals not named in the […]

Constructive Total Loss

September 22, 2019 admin 0

What Is Constructive Total Loss? A constructive total loss is when the cost for repair of an item (e.g., house, boat, or car) is more than the […]

What Is Gap Insurance?

September 20, 2019 admin 0

Gap insurance is a type of auto insurance that car owners can purchase to protect themselves against losses that can arise when the amount of […]

Underinsured Motorist Endorsement

September 20, 2019 admin 0

WHAT IS AN Underinsured Motorist Endorsement An underinsured motorist endorsement is a type of supplemental automobile insurance that offers additional coverage to the policyholder in the event of […]

Uninsured Motorist Coverage (UM)

September 19, 2019 admin 0

What is Uninsured Motorist Coverage (UM) Uninsured motorist (UM) coverage is a provision on an auto insurance policy which provides coverage when a driver without insurance is found at-fault […]