Auto Insurance

Backward integration is vertical integration that combines a core business with its suppliers.

The advantages of backward integration may include assurance of the pricing, quality and availability of supplies, and efficiencies gained from coordinating production of supplies with their consumption. There are other means to these ends: for example, derivatives can hedge changes in the price of supplies, while working closely with suppliers can deliver the other gains.

A claim for windscreen glass will not normally affect the no claims discount of a motor insurance policy.... but your policy may be different, you need to read what it says.

Simplistically, the profit of an insurance company is the premium less the claims and expenses associated with running the company plus the investment income. As a practical matter these components are subject to a number of factors ranging from accounting rules, regulatory rules, rating agency requirements, tax laws, lines of business written, the use and cost of reinsurance, the geographic profile in which the business is located, and litigation environment to name a few. For that reason it is difficult to answer the question without a clear understanding of these variables.

One way to answer the question is to simply look at the income statement of any insurance company, (or a group of insurance companies), that fairly represents the type of insurance you would write and and territory in which you would propose to operate. By looking at the net operating income which includes investment income, the income statement indicates the amount of income that would accrue to the owner(s) of the insurance company. Perhaps a better measure than the absolute amount of profit, is the return on equity, since earning $10 Million on equity of $100 Million is arguably more desirable than earning the same amount on $1 Billion.

Looking at insurance industry statistics for the Property & Casualty Insurance Industry as a whole for examples reflects a fairly marginal rate of return(http:/wwwzperiodzisozperiodzcom/ResearchzhyphenzandzhyphenzAnalyses/Overview/StudieszhyphenzandzhyphenzWhitepaperszperiodzhtml). On an individual company basis, however, some perform much better than others on a consistent basis.

Auto liability insurance is specifically designed to cover any damage caused to other vehicles if you have an accident. It does not cover reapirs to your own vehicle. It is by law the minimum requirement for insurance in every state.

allstate

Life insurance is not a product that is designed to pay yourself. It is designed to leave a benefit after you have passed. So there is no point in which you can collect on your own benefit.

With that being said, there is something called an Accelerated Death benefit rider which allows a person to draw down on their benefit, if they are diagnosed with a Terminal illness. The specifics on this rider would have to be reviewed with the specific insurance company you work with though.

The only way that you can collect on your own insurance policy is if you own a Cash-value based policy, from which you can borrow or surrender the cash value; or if you own a Return of premium Term Life policy and have outlived the Term period, in which you would receive a 100% rebate of all premiums paid.

I think,

They get a fine or legal action. And you would still be o.k as they shouldn't of been driving in the first place

Yes, however you will have to submit a waiver and supply legal documentation to the Department of Insurance in that state - and subsequently in every other state in which you may apply for licensure - at the time of application and all renewals following.

Sure. If you have no valid license, you have no business driving a car at all. If you weren't driving illegally, you wouldn't have had the accident.

depends on the insurance company

If you drive, you must be covered by insurance. Having driven the car only once makes no difference.

You are able to chose your own deductible, but you have the car financed or leased, they may dictate the maximum limit.

A car insurance quote is an estimate, usually accurate, of the premium that an insurer will charge for auto insurance for a stated period of time. Quotes are based upon the risk factors involved, such as the make and model of the vehicle, its primary location (that is, where it is garaged), whether it is used primarily for business or personal use, annual mileage, and characteristics of the primary and secondary driver(s) (such as age and driving history).

Quotes are issued by licensed insurance agents or brokers who have been appointed by insurers to represent them. However, when an insurer is a "direct writer" (meaning that it does not use agents or brokers), the insurer itself issues the quote.

It is critical that the applicant provide accurate information upon which to base the quote. The failure to do so, sometimes in an effort to try to get a lower premium, may result in a quote that does not rightly compensate the insurer for the risk. If this happens and a covered loss occurs, the insurer may deny coverage due to the misrepresentation by the applicant.

Less than some and more than most. Plus you loose the ability to have a local agent that you can see for answering questions and helping you find the best rate. When you can a company like GEICO, they only have one company to give you the prices on and they will try to get you to buy this no matter whether or not it is the best for you. Any independent agent does not work for the insurance company but works for you and will rate many different companies to find you the best rates and coverages.

Rear enders, always follow a safe distance and do not speed or take your eyes off of the road and anticipate the the person you are following will stop suddenly.

If you are at fault, you are responsible for the damage and your insurance company would pay. If the person was injured, some states pay only the medical costs, not pain and suffering.

Always if in California. Check your local DMV office. But many people do not and the insurance company will figure it out anyway.

personally, i would say a tree limb fell onto it while it was sitting in the driveway. but if you have full coverage through a good insurance company, such as geico or allstate, it should.

What is the chance of being involved in an auto collision once a year

It all depends, you have to be more specific

Yes, if they accept liability and they will pay up to the limit of property damage coverage.

The law requires that the Police Department be notified. The police will then notify legal owner so they can come and claim the property.

um, i think you can actually drive a Car.

what a question.

Gap insurance is not the name of a company, it is a type of auto insurance related to leasing vehicles.

Ask this question under the catergory of "auto insurance".