Arkansas law requires that every person operating a motor vehicle on the streets and highways have liability insurance coverage. The minimum required limits are $25,000 per person, and $50,000 per accident. All drivers must carry proof of insurance with them in their cars. A driver can be ticketed, and a car can be impounded-that is-towed away, if the driver cannot produce proof of insurance. That does not mean that there are no uninsured cars on the streets of Arkansas. In spite of vigorous enforcement efforts by the police and courts, there are still far too many uninsured cars on the road. Purpose of Liability Insurance Liability insurance is required to protect other people on the...
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Fintotal Insights and Resources A vehicle is a valuable possession for its owner. Motor insurance is mandatory by law so every car or bike owner must have a motor insurance. But not all are aware about its features, what is actually covered and what is not. Your vehicle can be covered under either Third Party Insurance or Comprehensive Car Insurance. Third Party Insurance only covers your liability towards a third party in case of death, injury or property damage caused to them by your vehicle. It doesnt do any good to your vehicle. If you love your car or bike you must have a Comprehensive Insurance policy which covers both third party liability and damage to your vehicle. But this is...
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Vehicle insurance vs motor car warranty When buying a second hand car, it’s important to understand the difference between vehicle insurance and a car warranty. Both cover you for expenses incurred due to unforeseen and unfortunate circumstances, but both are meant for very specific purposes. Vehicle Insurance This is a policy that covers the expenses incurred in the event of an accident. There are different types of vehicle insurance with varying costs associated with each. In South Africa, there are three: Third Party, Fire and Theft Comprehensive Insurance Accidents caused either by yourself or by another driver Theft of your motor vehicle damage caused by natural disasters such...
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90 per cent of the policies sold in the last three days belong to consumers with lapsed plans, says PolicyBazaar Online sale of auto insurance policies has more than doubled since the new motor vehicles law that imposes stricter penalties for traffic rule violation came into force from September 1. According to insurance web aggregatorm, PolicyBazaar, 90 per cent of the policies sold in the last three days belong to consumers with lapsed plans. The issuance of two-wheeler and four-wheeler insurance has more than doubled through the aggregator website. “We are selling nearly 30,000 motor insurance policies every day on our platform since the new amended Act came into force, this is more...
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Motor insurance Information It is a legal requirement to have motor insurance if you want to drive your car in a public place and you must produce a current Certificate of Insurance to pay motor tax. Failure to have motor insurance when driving is a very serious offence and drivers will incur fines, penalty points and may be disqualified from driving. (See 'Rules' below). Motor insurance is about protecting other road users as opposed to the driver of the insured vehicle and it is not an optional extra. Insurance companies provide motor insurance and unlike road tax, there is no such thing as a "standard" rate. Traditionally, gender has been one of the factors that insurance companies...
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Under the hood or out on the open road, sometimes things can take a wrong turn for car owners. We'll look after your car with our car insurance options, so you can focus more on what drives you in life instead. We cover your private vehicles like cars, motorcycle or trailer, and even cover caravans too. We have a range of car insurance products, so you can find the one that fits you best: full cover for damage to your car and damage you cause to someone else’s car or property. third party fire and theft which provides coverage if your car is damaged by fire or stolen and your liability for damage you cause to someone else. third party only for damage you cause just to someone else's car or...
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Javascript is required to enable full functionality of this website. Motor Vehicle We provide insurance cover for all your vehicles, offering a wide range of benefits all designed to help get you back on the road quicker if an accident occurs. We recognise that a vehicle can be an essential part of your professional and private life and are proud of the strong reputation we have established for an empathetic and top quality claims service. With the option to choose from our Comprehensive product, providing an all-inclusive high level of coverage, right through to our Fire and Theft Only product for vehicles off the road, you can select the exact level of cover to meet your needs. Our...
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A car or a motorbike is often one of the most expensive things that you will own. The freedom of driving on the open road is difficult to match but those open roads are varied in both location and condition. Whether you own your vehicle outright, are paying off a loan, or someone else owns it and you are driving/riding it, appropriate risk management is pretty important. Not everyone has the same level of experience or care on the road. In many cases, it doesn’t matter how good a driver you are, as your chances of being in a bingle are very high. According to the Australian Bureau of Statistics, there are over 600,000 road accidents in Australia each year, costing the economy an...
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