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Auto Insurance Risk Selection
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 affect 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). Histor ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Vehicle Insurance
Vehicle insurance (also known as car insurance, motor insurance, or auto insurance) is insurance for cars, trucks, motorcycles, and other road vehicles. Its primary use is to provide financial protection against physical damage or bodily injury resulting from traffic collisions and against liability that could also arise from incidents in a vehicle. Vehicle insurance may additionally offer financial protection against theft of the vehicle, and against damage to the vehicle sustained from events other than traffic collisions, such as keying, weather or natural disasters, and damage sustained by colliding with stationary objects. The specific terms of vehicle insurance vary with legal regulations in each region. History Widespread use of the motor car began after the First World War in urban areas. Cars were relatively fast and dangerous by that stage, yet there was still no compulsory form of car insurance anywhere in the world. This meant that injured victims would rarely get a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Liability Limits
Limited liability is a legal status in which a person's financial liability is limited to a fixed sum, most commonly the value of a person's investment in a corporation, company or partnership. If a company that provides limited liability to its investors is sued, then the claimants are generally entitled to collect only against the assets of the company, not the assets of its shareholders or other investors. A shareholder in a corporation or limited liability company is not personally liable for any of the debts of the company, other than for the amount already invested in the company and for any unpaid amount on the shares in the company, if any, except under special and rare circumstances permitting " piercing the corporate veil." The same is true for the members of a limited liability partnership and the limited partners in a limited partnership. By contrast, sole proprietors and partners in general partnerships are each liable for all the debts of the business (unlimited l ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Aioi Patent
Aioi (相生) is a Japanese surname that has also been used as a place name. Places Aioi may refer to the following places in Japan: *Aioi, Tokushima (相生町 Aioi-chō), the former name of a town located in Naka District, Tokushima *Aioi, Hyōgo (相生市 Aioi-shi)), a city located in Hyōgo Prefecture * Aioi Bridge (相生橋 Aioi hashi), a "T"-shaped bridge located in the center of Hiroshima Train stations Aioi or Aioi Station (相生駅) may also refer to one of several railway stations in Japan: * Aioi Station (Gifu), located in Gujō, Gifu Prefecture * Aioi Station (Gunma), located in Kiryū, Gunma Prefecture * Aioi Station (Hyogo), located in Aioi, Hyōgo, Hyōgo Prefecture * Nishi-Aioi Station, also located in Hyōgo Prefecture * Sanuki-Aioi Station, located in Higashikagawa, Kagawa Prefecture People Aioi may also refer to: * Chieko Aioi (相生 千恵子), Japanese actress and voice actress * Takahide Aioi (相生高秀), an ace fighter pilot in the Imperial Japanes ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Club (automotive)
The Club is the trademark version of a popular automotive steering-wheel lock, produced by Sharon, Pennsylvania-based Winner International. The company was formed in 1986 for the purpose of marketing the device. The inventor, James E. Winner Jr., derived the idea for the device from his service in the Korean War, where he and his fellow soldiers were instructed to secure the steering wheels of their vehicles with metal chains. Design The device consists of two pieces which, when locked together, form one long, fixed bar with two protruding hooks opening towards the ends of the bar. Each piece has one hook, intended to fit around the rim of the steering wheel. The smaller of the two pieces fits inside the larger piece and slides in and out for sizing. When the lock is set, the larger piece's long handle protrudes out, so that the wheel is practically impossible to turn due to collision with other parts of the car or with the driver's legs, and the device cannot be removed because ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Antilock Brakes
An anti-lock braking system (ABS) is a safety anti-skid braking system used on aircraft and on land vehicles, such as cars, motorcycles, trucks, and buses. ABS operates by preventing the wheels from locking up during braking, thereby maintaining tractive contact with the road surface and allowing the driver to maintain more control over the vehicle. ABS is an automated system that uses the principles of threshold braking and cadence braking, techniques which were once practiced by skillful drivers before ABS was widespread. ABS operates at a much faster rate and more effectively than most drivers could manage. Although ABS generally offers improved vehicle control and decreases stopping distances on dry and some slippery surfaces, on loose gravel or snow-covered surfaces ABS may significantly increase braking distance, while still improving steering control. Since ABS was introduced in production vehicles, such systems have become increasingly sophisticated and effective. Moder ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Airbags
An airbag is a vehicle occupant-restraint system using a bag designed to inflate extremely quickly, then quickly deflate during a collision. It consists of the airbag cushion, a flexible fabric bag, an inflation module, and an impact sensor. The purpose of the airbag is to provide a vehicle occupant with soft cushioning and restraint during a collision. It can reduce injuries between the flailing occupant and the interior of the vehicle. The airbag provides an energy-absorbing surface between the vehicle's occupants and a steering wheel, instrument panel, body pillar, headliner, and windshield. Modern vehicles may contain up to 10 airbag modules in various configurations, including: driver, passenger, side-curtain, seat-mounted, door-mounted, B and C-pillar mounted side-impact, knee bolster, inflatable seat belt, and pedestrian airbag modules. During a crash, the vehicle's crash sensors provide crucial information to the airbag electronic controller unit (ECU), including coll ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Assigned Risk
Assigned risk is a government-required method of providing insurance coverage to an individual by compelling insurance companies to service them when such companies would ordinarily not do so due to perceive risk of insuring the individual as a customer. United States Within the United States, several state governments have laws compelling insurers to provide automobile insurance and workers' compensation policies to individuals listed in assigned risk pools. Motor vehicle insurance In the United States, a state government, usually the Department of Motor Vehicles, assigns the risky motorists to automobile insurance companies. High risk drivers are often undesirable to insurance companies, and may not be able to purchase insurance through conventional means. They are considered high-risk because of numerous speeding or other traffic tickets, or a recent history of motor vehicle accidents, or in states that have a point system, accumulation of so many points. The state DMV po ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Insurance Premium
Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss. An entity which provides insurance is known as an insurer, insurance company, insurance carrier, or underwriter. A person or entity who buys insurance is known as a policyholder, while a person or entity covered under the policy is called an insured. The insurance transaction involves the policyholder assuming a guaranteed, known, and relatively small loss in the form of a payment to the insurer (a premium) in exchange for the insurer's promise to compensate the insured in the event of a covered loss. The loss may or may not be financial, but it must be reducible to financial terms. Furthermore, it usually involves something in which the insured has an insurable interest established by o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Insurance Company
Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss. An entity which provides insurance is known as an insurer, insurance company, insurance carrier, or underwriter. A person or entity who buys insurance is known as a policyholder, while a person or entity covered under the policy is called an insured. The insurance transaction involves the policyholder assuming a guaranteed, known, and relatively small loss in the form of a payment to the insurer (a premium) in exchange for the insurer's promise to compensate the insured in the event of a covered loss. The loss may or may not be financial, but it must be reducible to financial terms. Furthermore, it usually involves something in which the insured has an insurable interest established by o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Automobile Insurance
Vehicle insurance (also known as car insurance, motor insurance, or auto insurance) is insurance for cars, trucks, motorcycles, and other road vehicles. Its primary use is to provide financial protection against physical damage or bodily injury resulting from traffic collisions and against liability that could also arise from incidents in a vehicle. Vehicle insurance may additionally offer financial protection against theft of the vehicle, and against damage to the vehicle sustained from events other than traffic collisions, such as keying, weather or natural disasters, and damage sustained by colliding with stationary objects. The specific terms of vehicle insurance vary with legal regulations in each region. History Widespread use of the motor car began after the First World War in urban areas. Cars were relatively fast and dangerous by that stage, yet there was still no compulsory form of car insurance anywhere in the world. This meant that injured victims would rarely get a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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