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| Vehicle Insurance: Vehicle Insurance, Usage Based Insurance, Auto Insurance Risk Selection, Damage Waiver, Motor Insurers' Bureau |  | Creator: Books LLC
Publisher: Books LLC
Category: Book
Buy New: $19.99
as of 9/5/2010 07:03 CDT details
New (4) Used (1) from $19.99
Seller: Amazon.com
Media: Paperback
Pages: 90
Number Of Items: 1
Shipping Weight (lbs): 0.3
Dimensions (in): 9 x 6 x 0.2
ISBN: 1155503201
EAN: 9781155503202
ASIN: 1155503201
Publication Date: May 4, 2010
Shipping: Eligible for FREE Super Saver Shipping
Availability: Usually ships in 24 hours
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Product Description
Purchase includes free access to book updates online and a free trial membership in the publisher's book club where you can select from more than a million books without charge. Chapters: Vehicle Insurance, Usage Based Insurance, Auto Insurance Risk Selection, Damage Waiver, Motor Insurers' Bureau, Sheilas' Wheels, Gocompare.com, Totaled, Public Auto Insurance, Personal Injury Protection, Breakdown Cover, Motorcycle Insurance, Sr-22, Insurance Information and Enforcement System, Civil Auto Liability, Maryland Automobile Insurance Fund. Excerpt: Auto insurance risk selection is the process by which vehicle insurers determine whether or not to insure an individual and what insurance premium to charge. Depending on the jurisdiction, the insurance premium can be either mandated by the government or determined by the insurance company in accordance to a framework of regulations set by the government. Often, the insurer will have more freedom to set the price on physical damage coverages than on mandatory liability coverages. When the premium is not mandated by the government, it is usually derived from the calculations of an actuary based on statistical data. The premium can vary depending on many factors that are believed to have an impact on the expected cost of future claims . Those factors can include the car characteristics, the coverage selected (deductible , limit, covered perils), the profile of the driver (age , gender , driving history) and the usage of the car (commute to work or not, predicted annual distance driven). History Conventional methods for determining costs of motor vehicle insurance involve gathering relevant historical data from a personal interview with, or a written application completed by, the applicant for the insurance and by referencing the applicant's public motor vehicle driving record that is maintained by a governmental agency, such as a Bureau of Motor Vehicles. Such data results in a classification of the applicant to a broad act...
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