The rates for third party liability insurance are set by the government and are too low to cover the insurance companies' costs. In other words they lose money on every additional policy. The law also makes it illegal to refuse to issue a policy to anyone who requests coverage. Is it therefore any surprise that they would have no incentive to make it easy for customers to obtain a third pary liability contract?
The rates for third party liability insurance are set by the government and are too low to cover the insurance companies' costs. In other words they lose money on every additional policy. The law also makes it illegal to refuse to issue a policy to anyone who requests coverage. Is it therefore any surprise that they would have no incentive to make it easy for customers to obtain a third pary liability contract?