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.
So there is a first conundrum with uninsured motorists insurance - it covers something that other insurance already covers. The property insurance can be handy if someone sideswipes your parked car. Of course, if you had collision/comp (something I also do not have) then this would be duplicate coverage as well. But here is an area where this insurance is ripe for fraud. People who do not have collision/comp can claim an accident was due to another, unknown or uninsured motorists.