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