ECONOMICS
INSURANCE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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disability insurance
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automobile insurance
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coverage
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deductible
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Detailed explanation-1: -Liability Only Policy covers any legal liability you may face that occurs out of damage or loss to a third party only-including death, injury, and/or property damage in the event of an accident that involves your insured vehicle. This is following the stipulations laid out by the Motor Vehicles Act, 1988 .
Detailed explanation-2: -motor vehicle insurance, also called automotive insurance, a contract by which the insurer assumes the risk of any loss the owner or operator of a car may incur through damage to property or persons as the result of an accident.
Detailed explanation-3: -Liability to third parties bodily injury and or death and property damage. Personal accident cover for the owner driver for a specified sum insured.
Detailed explanation-4: -Commercial general liability (CGL) policy: Directors and Officers’ liability insurance: Professional indemnity insurance: Cyber risk insurance: Commercial crime insurance: Carrier legal liability insurance: More items •01-Dec-2022