The cost of the basic premium is cut into nine or twelve equal payments that are to be paid every month for that amount of time. And no deposit is ever required when you have this type of contract with the Insurance company you choose to use for your car insurance needs.
Car hire (which is called a car rental in the United States) companies usually have their own insurance. A deposit is usually required at the time of hire in case the vehicle was to get damaged or stolen. The deposit is something the insurance company wants the car hire place to have.
Almost any car insurance company may sometimes allow people to purchase insurance without a deposit. However, they may also refuse if the information provided is not acceptably risk-free enough.
Deposit Insurance Agency of Russia was created in 2004.
Canada Deposit Insurance Corporation was created in 1967.
Federal Deposit Insurance Corporation was created in 1933.
Nigeria Deposit Insurance Corporation was created in 1988.
http://www.autoinsuranceindepth.com/how-does-insurance-work.html This might help
Rita Carisano has written: 'Deposit insurance' -- subject(s): Deposit insurance
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bank deposit
National Penn Bank is protected by a deposit insurance by the government. The insurance is known as FDIC.