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Liability Only PolicyProposal Form(For Commercial Vehicles other than Motor Trade Internal risks Policies)Proposal No. A. Questions that are necessarily to be listed for granting the cover as per

How to fill out liability only policy

How to fill out liability only policy

1. Step 1: Gather necessary information such as your personal details, vehicle information, and coverage requirements.
2. Step 2: Research different insurance providers and compare their liability only policy options.
3. Step 3: Contact your chosen insurance provider either online or through their customer service helpline.
4. Step 4: Provide the required information to the insurance provider, including your name, address, vehicle details, and desired coverage limits.
5. Step 5: Review the policy terms and conditions provided by the insurer.
6. Step 6: Pay the required premium amount determined by the insurer.
7. Step 7: Receive your liability only policy documents from the insurer.
8. Step 8: Keep your proof of insurance with you at all times while driving.
9. Step 9: Understand the coverage limits and exclusions of your liability only policy.
10. Step 10: Renew your policy when it is due for expiration or make any necessary policy changes as required.

Who needs liability only policy?

1. Individuals who own a vehicle but do not require comprehensive coverage or collision coverage may opt for a liability only policy.
2. People with older vehicles that have low market value and do not want to spend extra money on additional coverage may find a liability only policy suitable.
3. Drivers who have paid off their car loans and are no longer required by the lender to carry full coverage may choose liability only policies.
4. Individuals who are on a tight budget and want to fulfill the minimum legal requirements for auto insurance may consider liability only policies.
5. People who have limited assets and do not have significant financial exposure may choose liability only policies as they primarily cover damages caused by the policyholder to others.

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