If youâre working in the freight brokerage field, you know how important it is to keep your FMCSA freight broker license and freight broker bond up-to-date. Staying compliant means staying in business. Thatâs why keeping track of the deadline for your freight broker bond renewal is important. Getting started as early as possible is crucial for ensuring your brokerage can keep its operations running without a break.
Uninsured motorist clause. From Wikipedia, the free encyclopedia. An uninsured motorist clause is a provision commonly found in United States automobile insurance policies that provides for a driver to receive damages for any injury he or she receives from an uninsured, negligent driver. The owner of the policy pays a premium to the insurance company to include this clause.
In other states, you can purchase underinsured motorist insurance which covers your excess losses up to the limit set forth in the policy. If you have comprehensive and collision coverage, the insurance company will pay for damage to a covered automobile regardless of fault. Most banks and finance companies require you to maintain comprehensive and collision coverage on your car if it is financed.