BUISENESS MANAGEMENT
INSURANCE
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Damage to someone else’s car
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Damage to your car
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Damage to someone else’s property
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Bodily injuries
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Detailed explanation-1: -Collision insurance covers damages due to collision with another vehicle, damages that your car incurs due to hitting a pothole or a tree, damages due to collision with a boundary or building, etc. Comprehensive insurance is slightly heavier on your pockets when compared to collision insurance policies.
Detailed explanation-2: -Comprehensive insurance is insurance coverage that pays for the repair or replacement. Comprehensive car insurance typically covers third-party liabilities, damage from an accident, fire, natural calamity, theft, etc.
Detailed explanation-3: -Collision coverage Collision pays for damage to your car resulting from a collision with an object (e.g., a telephone pole, a guard rail, a mailbox), or as a result of flipping over.
Detailed explanation-4: -Below are the steps to claim for own damage Immediately after the accident, you should call the insurance company and inform them about the damage. Obtain the details of the vehicle responsible for the damage and submit to the policyholder. The incident should be reported within the stipulated time period.