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- 704 S State Rd 135 Suite D #421, Greenwood, 46143, IN
- (317) 534-6800
- Premiums. When you purchase an insurance policy, you'll be required to make regular payments, known as premiums. These payments are typically made monthly or annually and are the cost of maintaining your insurance coverage.
- Deductible. Think of a deductible as the money you have to shell out from your own pocket before your insurance kicks in to help cover your expenses. It's like the upfront cost you need to cover before your insurance really starts working for you.For example, if you have a $500 deductible and make a claim for $1,000, you'll need to pay $500, and your insurer will cover the remaining $500.
- Policyholder. The policyholder is the person who owns an insurance policy. This individual is responsible for paying premiums and making claims under the policy.
- Coverage Limit. Every insurance policy has a coverage limit, which is the maximum amount your insurer will pay out for a covered claim. It's crucial to understand your policy's limits to ensure you have adequate coverage.
In Ontario, repairs to a parked vehicle are covered in Section 7 of OAP 1, which pays for damage caused by fire, theft, or collision if the automobile is insured against these perils. Typically ...
May 13, 2021 · A kit car could be purchased from several manufactures, domestic and international. Kit car insurance is a specific form of auto insurance that covers a car you've made yourself. Kit cars are ...
Feb 12, 2024 · Insurance coverage for car fires can vary depending on the circumstances. In general, comprehensive coverage typically covers damages resulting from a car fire, regardless of the cause. However, there may be exceptions or exclusions based on your policy’s terms and conditions. For instance, if your policy excludes coverage for arson or ...
May 17, 2023 · In Ontario, you pay a deductible in the event of a theft claim up to your agreed upon maximum. But when it comes to a fire claim, the deductible is waived on a standard Ontario Automobile Policy Owner’s Policy (OAP 1). The OPCF 40: Fire Deductible allows you to add the deductible back to your policy in the event of a fire loss.
A fire that's the result of a collision with another vehicle or a stationary object is one example. Insurance may also cover a fire that affects a parked car when that fire is not due to mechanical issues in the vehicle. It is hard to predict whether an insurer will investigate the cause of a vehicle fire. Since most drivers properly maintain ...
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May 20, 2022 · A fire or tornado renders your car irreparable (or not worth repairing, a.k.a a “write off”) Lightning hits a tree and it falls on top of your car What does comprehensive insurance cover?
