Question

In: Finance

Explain how the line of the day insurance coverage protects motor Vehicle organization from a particular...

Explain how the line of the day insurance coverage protects motor Vehicle organization from a particular type of loss.

Solutions

Expert Solution

Line of the day insurance cover provides temporary insurance in case a vehicle is driven by someone else other than the owner and the insured for a short time. If the motor vehicle owned by an organisation is used by another person for a short time, then the liabilities arising out of that usage can be protected using Line of the day insurance. This is short term cover and is less costly


Related Solutions

Research discuss Property and Motor Vehicle Insurance at least two-paragraph
Research discuss Property and Motor Vehicle Insurance at least two-paragraph
Explain how the Earth's atmosphere protects us from dangerous radiation.
Explain how the Earth's atmosphere protects us from dangerous radiation.
Explain how the Market System in general and Insurance Markets in particular work and how they...
Explain how the Market System in general and Insurance Markets in particular work and how they fail to generate efficient and equitable outcomes in providing Health Care, Education, and Old-age Income Security for the people in the U.S. Critically evaluate the government programs that redistribute income (i.e. programs such as Social Security, Medicare, etc.) in an attempt to to protect people against the risk of living in abject poverty.
Identify several of the major General Liability Exposures and how Commercial General Liability Coverage protects against...
Identify several of the major General Liability Exposures and how Commercial General Liability Coverage protects against those exposures.
Identify several of the major General Liability Exposures and how Commercial General Liability Coverage protects against...
Identify several of the major General Liability Exposures and how Commercial General Liability Coverage protects against those exposures.
How do roller finger followers work in a motor vehicle engine?
How do roller finger followers work in a motor vehicle engine?
EXPLAIN Insurance Coverage in detail in any one of the following areas: 1) Auto Insurance -...
EXPLAIN Insurance Coverage in detail in any one of the following areas: 1) Auto Insurance - Property and Liability; 2) Homeowner’s or Renter’s Insurance – Property and Liability; 3) Health Insurance Policy; 4) Disability Insurance; or 5) Life Insurance.
The concentration of --------------- formed from continuous running of motor vehicle in a closed garage can...
The concentration of --------------- formed from continuous running of motor vehicle in a closed garage can cause asphyxiation carbon dioxide carbon monoxide carbonate NH4 none
How is insurance coverage affected if you fail the medical exam?
How is insurance coverage affected if you fail the medical exam?
A motor vehicle has annual depreciation of $2,000, oil changes cost $280, automobile insurance cost $420,...
A motor vehicle has annual depreciation of $2,000, oil changes cost $280, automobile insurance cost $420, and license plates cost $140 . What is the annual amount of the total fixed operating cost for this vehicle?
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT