BUISENESS MANAGEMENT
INSURANCE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Uninsured Motorist
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Under-insured Motorist
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Liability
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Comprehensive
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Detailed explanation-1: -Anyone who drives could need it. You never know when the person who hits you will have insurance or enough insurance to pay for your injuries and damage to your vehicle. Uninsured motorist coverage also pays if you’re in a hit-and-run accident and the other driver can’t be found to pay for damages.
Detailed explanation-2: -Uninsured motorist coverage, referred to as UM or UMBI, is a type of car insurance that can pay for medical expenses if you or your passengers are injured in an auto accident caused by: A driver who doesn’t have liability car insurance.
Detailed explanation-3: -The insurance company is responsible for paying the total compensation awarded by the Tribunal. The owner and the Insurance Company have an absolute duty to pay the compensation under Section 149(1) of the Motor Vehicles Act, 1988.