Personal Injury Protection (PIP).

Personal Injury Protection (PIP) is a type of insurance that provides financial protection in the event that you are injured in a car accident, regardless of who is at fault. PIP coverage can help pay for things like medical bills, lost wages, and other expenses related to your injuries. Do I need personal injury on … Read more

What Is Comprehensive Insurance?

Comprehensive insurance is one of the most important types of car insurance, as it covers a wide range of potential damages to your vehicle. This includes damage from events such as theft, vandalism, fire, floods, and storms, as well as damage caused by hitting an animal. Comprehensive insurance also covers damage to your windscreen, and … Read more

Constructive Total Loss.

Constructive total loss is a legal term used to describe a situation in which a piece of property has been so damaged that it cannot be repaired or restored to its original condition. In such cases, the owner of the property is said to have suffered a “constructive total loss,” and is typically entitled to … Read more

What Is Third-Party Insurance?

Third-party insurance is insurance that is purchased by an individual from a company other than the individual’s own insurance company. This type of insurance is often required by state law in order to protect the individual from being sued by another party in the event of an accident. What are the 4 types of insurance? … Read more

Medical Payments Coverage (MedPay) Definition.

Medical Payments Coverage is insurance that covers medical expenses incurred by the policyholder, regardless of who is at fault. MedPay is sometimes referred to as “no-fault” coverage. Which of the following medical expenses are not covered under health insurance? There is no definitive answer to this question as different health insurance plans cover different medical … Read more

Black Box Car Insurance.

Black box car insurance is a type of insurance where the insurer uses a black box fitted to the car to track the driving habits of the policyholder. The data collected by the black box is used to calculate the premium, and the policyholder is typically offered a discount if they drive safely. What does … Read more

What Is Subrogation?

Subrogation is a legal term that refers to the act of one party taking over the rights and responsibilities of another party. In the context of car ownership, subrogation typically occurs when an insurance company pays out a claim to a policyholder and then pursues reimbursement from the party responsible for the damages. What is … Read more