Liability is covered by vehicle insurance for property damage and it is compulsory in most states of United States. And it has another name that is car insurance. According to jurisdiction government mandated or insurance company decides the premium price. Here insured is provided the protection from losses of incurred due to accidents by insurance company. And that losses and liability may occur by accidents and theft and fire and natural disasters and terrorist accidents.
Insurance company in many events for vehicle insurance policy gives compensation to vehicle insurance owner. Some of them are:
Also, insurance company in the event of natural calamities and terrorist activities compensates owner of the vehicle.
Insurance company in many events for vehicle insurance policy gives compensation to vehicle insurance owner. Some of them are:
- Event of theft: when somebody has steals the vehicle of owner then insurance company can give compensation to vehicle owner.
- Event of fire: policyholder can get the money from insurance company, if loss or damage of vehicle is occurred by fire accident.
Also, insurance company in the event of natural calamities and terrorist activities compensates owner of the vehicle.
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