What to Do If a New Car Has 6 Insurance Claims in the First Year?

[VeraAnn]

A new car having 6 insurance claims in the first year will result in increased premiums in the second year, and may even lead to the insurance company refusing to provide coverage. Below is additional information: 1. Motor Vehicle Insurance: Automobile insurance, also known as motor vehicle insurance, referred to as car insurance, is a type of commercial insurance that covers liability for personal injury or property damage caused by natural disasters or accidents involving motor vehicles. Car insurance is a form of property insurance that has evolved and matured alongside the emergence and widespread use of automobiles. 2. Characteristics: Uncertainty, due to motor vehicles traveling on roads with high mobility and irregular routes, increases the unpredictability of hazardous incidents and insurance losses for insurers. Expanded insurable interest, for example, as long as the insured vehicle is used by a qualified driver permitted by the policyholder, and if an insurance incident specified in the policy occurs, resulting in third-party property damage or personal injury, the insurer is liable for compensation.