Why is automobile insurance sometimes referred to as a “packaged policy?” What are the parts of the package?
Before the 1950’s, if a person wanted to purchase all the coverage that the modern day automobile insurance policy provides, he or she would have had to purchase at least four separate policies. Changes in the laws that regulate the sale of insurance now allow the insurance industry to sell policies that combine the separate coverage s into one all encompassing policy.
Related Questions
- Why is automobile insurance sometimes referred to as a "packaged policy?" What are the parts of the package?
- Why is automobile insurance sometimes referred to as a "packaged policy?" What are the parts of the package?
- Why is automobile insurance sometimes referred to as a "packaged Policy"? What are the parts of the policy?
