Compulsory Automobile Liability Insurance


Definition of "Compulsory automobile liability insurance"

Mary Bush real estate agent
Mary Bush Real Estate One

Same as term Compulsory Insurance: coverage required by the laws of a particular state. For example, many states stipulate minimum amounts of automobile liability insurance that must be carried.

Have a question or comment? We're here to help.

 
 
 
*** Your email address will remain confidential.
 
 

Search Real Estate Terms

 

Popular Real Estate Terms

Social Insurance

Compulsory employee benefit plan under which participants are entitled to a series of benefits as a matter of right. The plan is administered by a fed ...

Cost-of-living Rider

Usually term insurance for one year added to a basic life insurance policy. In effect, this increases or decreases the face amount of the basic policy ...

Debenture, Subordinated

Very junior issues of debt, according to explicit statements in the indenture, which rank after other unsecured debt. ...

Unoccupancy

Absence of people for at least 60 consecutive days from a given property. Many property insurance policies suspend coverage after a structure has been ...

Policy Structure

General arrangement of a contract between an insurer and an insured. The policy defines the insured and the type of coverage, lays out what the insure ...

Omissions Clause

Provision of a treaty reinsurance contract stating that if an insurer fails to report a risk that would normally be covered, the re insurer is still l ...

Popular Real Estate FAQ

What Do I Need To Know About Motorcycle Insurance?

You need an insurance policy that is tailored in your needs in mind. Take liability for example. Guest passenger liability helps protect you bodily in ...

What Do I Need To Know About Watercraft Insurance?

You need separate coverage for the variety of risks you face when storing, launching, hauling or running your seaworthy vessel. Boats, and other water ...

How Do I File An Insurance Claim?

Call your Insurance agent or Insurance Company \"Claims Hotline\" as soon as possible. Getting your agent\'s help, may speed things along. ...

What Should I Do If I'm In An Accident?

1.- Stay Calm. Determine the injuries and or damage. 2.- Call the police. File an accident report and obtain medical assistance if needed. 3.- L ...

What Do I Need To Know About Auto Insurance?

Choosing the auto insurance requires consideration of manyfactors- Take into account everything you own and the reasons to protect them. The year of ...

What Do I Need To Know About RV Insurance?

Your motor home can be both your transportation and your home away from home. So like your auto and your home, you need to safeguard it with the prope ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add real estate terms app
on your Website

Real Estate Advice

Spring Landscaping Ideas to Improve Curb Appeal and Sell Your House DIY Home Improvement to Increase Your Home Value Moving Tips: House Relocation Stress Free Increase Your Home Value With These Home Improvement Ideas Down Payment: Everything You Wanted to Know

FAQ

What is comprehensive homeowners insurance? What is a default? How much money can I borrow to buy a home? Is depreciation common? What Will My ARM Loan Payment Be ?