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Liability insurance (also called third-party insurance) is a part of the general insurance system of risk financing to protect the purchaser (the "insured") from the risks of liabilities imposed by lawsuits and similar claims and protects the insured if the purchaser is sued for claims that come within the coverage of the insurance policy .
Penalties for not purchasing insurance vary by state, but often include a substantial fine, license and/or registration suspension or revocation, and possible jail time. Usually, the minimum required by law is third party insurance to protect third parties against the financial consequences of loss, damage or injury caused by a vehicle.
There are two types of motor insurance policies in Dubai, Third-Party Liability Insurance and Comprehensive Motor Insurance. [citation needed] It is mandatory to have third-party liability insurance for every individual vehicle owner in Dubai. This insurance policy is the most basic form of vehicle insurance Dubai as it covers the third-party ...
That does not mean that you have no coverage. It simply means that you are covered personally by a third party. If you buy rental car coverage (not insurance, as they don't sell insurance, but do sell damage waivers) from the car rental agency, if something gets damaged in your rental, you simply fill a report and you are pretty much done. That ...
6 years ago. Third party liability insurance is a requirement to register a car (= obtain a number plate). Thus your rental car will have this insurance automatically. It cannot be withdrawn by the holder of the car (apart from de-registering the car ). What you can buy additionally is comprehensive cover.
Rental car companies that accept North American issued Credit Card coverage do NOT accept any other ‘third party’ coverage such as trip insurance. Some vendors (such as Expedia) offer third party coverage — which CAN be REFUSED at the pick up counter, so it is ALWAYS best to book through the actual company, rather than through any intermediary, so that you know EXACTLY what ‘Terms and ...
Third-party administrator. In the United States, a third-party administrator ( TPA) is an organization that processes insurance claims or certain aspects of employee benefit plans for a separate entity. [1] It is also a term used to define organizations within the insurance industry which administer other services such as underwriting and ...
TPL (Third Party Liability) coverage is included in the rates on all Alamo and National rentals in the European Network (including Spain ), the Middle East and Africa. This is to comply with the State's Road Traffic Act, it is mandatory for all driver's of our rental vehicles to provide third party insurance coverage.
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