What is bundle policy?
What is bundle policy?
Bundled insurance typically means you’re purchasing multiple insurance policies from a single company. For example, if you buy your home and auto insurance policy from the same place, you’d be bundling your policies.
Is OD insurance mandatory for bike?
It is compulsory according to the Motor Vehicles Act of 1988. This type of insurance provides coverage for the damage to the policyholder’s vehicle. It is not compulsory, however, provides greater protection than just third party insurance.
What is PA cover?
A compulsory personal accident or PA cover is an add-on cover offered by motor insurance providers to the owner-driver of a car that protects him against any accidental injuries.
What are commercial packages?
A commercial package policy combines two or more coverages like commercial property and commercial general liability, business crime, equipment breakdown, inland marine, and commercial auto liability.
Is a BOP part of a CPP?
A BOP is a bundled package of coverages designed for the average small- to medium- sized risk. A CPP is more of a cafeteria style policy where each coverage is tailored to the specific risk and needs of the business.
