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Basic First Party benefits are for Auto Insurance. They cover major medical, incidental loss, Funeral Expence and accidental death. You can get auto insurance with just liability only, but you would then have no coverage for any major medical bills that could arise out of an accident or any funeral expenses and such. I hope this has helped somewhat. If you have any other questions regarding any kind of propery and casualty insurance (such as Homeowners insurance, Auto, General liabilty etc.) let me know.
Jessenia
JCalle46@gmail.com
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When was the third party beneficiary introduced in basic policy?
The third-party beneficiary doctrine was introduced in basic policy in the mid-1800s, as a way to protect the rights of individuals who were not direct parties to a contract but were intended to benefit from it. It allows such third parties to enforce the contract if the parties intended for them to benefit from it.
What is a third party contractor?
A third party, regardless of the industry, is any entity or being other than the first party, which is you. Property is a "first party" insurance coverage since it covers YOUR property. Liability is a "third party" insurance coverage because it covers parties other than you who might bring a suit against your company.
Will a schism in a political benefit the party?
No, a division in a political party will not benefit the party.
Who pays the medical bills if you are involved in an auto accident where the at fault party has insurance and i was a passenger in car that was hit?
Most states require auto owners to maintain "no-fault" coverage; it is sometimes referred to as "Personal Injury Protection". It is a first-party coverage, which means that one maintains it for their own benefit. No-fault coverage pays a percentage of the medical expenses and lost wages sustained by an injured part in an auto collision, and benefits are payable irrespective of fault. That is, your own coverage pays benefits even if you caused the collision. Depending upon the state in which the policy is issues, a deductible of some amount may be allowed. A deductible is the amount which the insured is responsible for paying before insurance benefits are triggered. A similar coverage, which pays over and above no-fault is called "medical payments" coverage. An additional premium is charged for this because it is an optional coverage. It also is a first-party coverage which pays irrespective of fault.
Is MI PPI coverage a thrid party coverage?
yes
What is covered in car insurance?
In Car insurance, the First Party coverage part covers damage to your own vehicle, whereas with Third Party coverage, when a pedestrian get hit by your car (incurring death or permanent disability), the loss will be compensated by the Insurance Company.
When applying for insurance what does two-party mean?
You may have misconstrued the words. With respect to property and casualty insurance, there are the concepts of first-party coverage and third-party coverage. First-party coverage is that which you obtain to protect your pwn property. An example of this would be the collision coverage on your car, which pays to repair the car irrespective of whether you or another person damages it. Conversely, an example of third-party coverage woukd be liability coverage. This pays for the damages of a third party (property damage or bodily injury) if you are found legally liable for the damages. All of that said, if what you really mean is that someone used the term "two-party" to you in applying for insurance, my best assessment would be that you and another person are insured under the same policy. Since you posped this question in the health insurance category, it may mean that you and a spouse are insured under the same policy, which would not be uncommon. If you can provide further facts, I'd be pleased to further clarify.
How did communist schools benefit the state and communist party?
How did communist schools benefit the state and the communist party
How did communist schools benefit the state and the communists party?
How did communist schools benefit the state and the communist party
How communist schools benefit the state and the Communist Party?
How did communist schools benefit the state and the communist party
Insurance coverage that provides for losses to a third party?
liability
What is the third party carrier?
when an insurance company(x) does not have particular coverage(ex:Earthquake coverage) then they would cover those coverages with the help of another insurance company(Y) by paying a certain percentage of premium to that company(third party carrier) and provides that coverage to their customers. Here Y becomes a third party carrier
