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Insurance Law columnist Jonathan A. Dachs presents a brief survey of recent developments in the area of Uninsured Motorist, Underinsured Motorist, and Supplementary Uninsured/Underinsured Motorist ...
Some states, such as Virginia, require that the victim actually obtain a judgment against the uninsured motorist (while serving the uninsured motorist carrier in the lawsuit so that the carrier can defend the suit) and then demand payment from the uninsured motorist carrier prior to suing the carrier for any breach of an uninsured motorist ...
Different levels of coverage may protect consumers depending on which insurance policy they purchase. Coverage is sometimes seen as 20/40/15 or 100/300/100. The first two numbers seen are for medical coverage. In the 100/300 example, the policy will pay $100,000 per person up to $300,000 total for all people. The last number covers property damage.
In addition to third-party coverage, this policy also provides insurance for your own vehicle due to fire, crash or theft. Comprehensive coverage; This policy provides the widest coverage, i.e. the third party's physical injury and death, third party's vehicle damage and your own vehicle's damage caused by fire, theft or a crash.
The average car insurance premium in Massachusetts is significantly less expensive than the United States national average, which is $2,543 per year for a full coverage policy and $740 per year ...
This kind of coverage is to be distinguished from liability coverage, which covers the premises and the owner/occupier of the space from claims made by non-employees for injuries on the premises. It is also to be distinguished from health insurance , which covers only medical bills for non-work incurred conditions.
Insurance bad faith is a tort [1] unique to the law of the United States (but with parallels elsewhere, particularly Canada) that an insurance company commits by violating the "implied covenant of good faith and fair dealing" which automatically exists by operation of law in every insurance contract.
Collateral Protection Insurance, or CPI, insures property held as collateral for loans made by lending institutions. CPI, also known as force-placed insurance and lender placed insurance, [1] may be classified as single-interest insurance if it protects the interest of the lender, a single party, or as dual-interest insurance coverage if it protects the interest of both the lender and the ...