Friday, August 25, 2017Your Share of the Premium A deductible is basically the amount “deducted” from an insured loss. Deductibles have been an essential part of the insurance contract for many years and represent a sharing of the risk between the insurance company and the policyholder. READ MORE >>
Tuesday, August 15, 2017What does No-Fault Insurance Mean? No-Fault is an auto insurance system in Michigan and 12 other states. No-Fault is a form of insurance where individuals who are injured in an auto-related accident receive benefits from their own auto insurance company, regardless of who is at fault. READ MORE >>
Tuesday, August 1, 2017 Where Does the Auto Premium Go? Insurance companies basically do three things with the premiums collected. They: pool the money to pay claims; pay for expenses involved in selling and providing insurance protection; and READ MORE >>
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