The paper "Evaluation of Activities Involved with Car Insurance" is a great example of business coursework. Car insurance is also referred to as vehicle insurance or auto insurance and is a form of insurance that is purchased to cater to all forms of automobiles which use both private and public roads. It should be noted that this form of insurance provides covers for the vehicle owners from any monetary loss that may arise from accidents which happen on a daily basis and thus, resulting in physical damages and injuries and the economic burden as well as the legal accountability which may arise thereafter.
There are terminologies that are associated with this form of insurance and these policies vary from one geographic region to another (Cheeseman, 2012). There is usually an unfavorable connection between the policyholders with the car insurance companies. The aforesaid phenomenon occurs due to the fact that car insurance is an obligatory requirement for many jurisdictions before the car owners can be allowed to drive on any public or private roads. Therefore, there is a need to highlight the importance of car insurance, the rights and privileges of the policyholder and the obligations of the insurance company towards the policyholders (Cheeseman, 2012).
Car insurance can be a very complex topic for potential clients who do not understand the concept and criteria of car insurance. On the other hand, car insurance can be a very easy and understandable concept especially to an individual who understands the worth of Car Insurance as a methodology for Financial Protection. Due to this reason, this paper will attempt to explain the main aspects of car insurance. This report will be divided into numerous sections which will allow the reader to clearly comprehend the key aspects which are represented within the car insurance business, the possible benefits of having car insurance and the manner in which the car insurance policies can be manipulated to benefit all the parties equally (Cheeseman, 2012).
Also, in this report, the focus will be on the types of coverage that insurance companies offer and discuss possible insurance needs as well.
Atkins, G and Reid, J. (2012). The magic pudding-UK motor insurance, Journal of the Australian
& New Zealand Institute of Insurance & Finance, vol. 35, no.1, p.24-27
Berard, M. G. (2012).Flying cars; the reconciliation of aircraft and automobile insurance
Policies, Tort Trial & Insurance Practice Law Journal, vol. 47, no. 2, p.781-802
Cheeseman, H, R. (2012). Business Law, 8th Ed, Prentice Hall Publications
Dean, D. H. (2010). Rental experience and likelihood to purchase rental car insurance among
young adults, Young Consumers, vol. 11, no.3, p.215-225
Macharis, C and Astrid D, W. (2012), The typical company car user does not exist: the case of
Flemish company car drivers, Transport Policy, vol.24, p. 91-98
Morales, J, A and Medina, S. (2012). Estimation of operative risk for fraud in the car insurance
Industry, Global Journal of Business Research, vol.6, no 3, p. 73-83
Polborn, M. (2008). Endogenous categorization in insurance, Journal of Public Economic
Theory, vol. 10, no.6, p. 1095-1113