Do I Need GAP Insurance With Full Coverage? | Explained
Reading Time: 4 minutesKey Takeaways: Gap Insurance With Full Coverage Full coverage ≠ gap coverage: ‘Full coverage’ (liability + comprehensive + collision) does not include gap insurance. Gap is a separate add-on. Full coverage pays actual cash value: After a total loss, your insurance pays what the car is worth today (minus depreciation), not what you owe on […]
Vendor Liability Insurance: What It Is, What It Costs, and Why Your COI Gets Rejected
Reading Time: 7 minutesWhat Is Vendor Liability Insurance? Vendor liability insurance is a commercial general liability (CGL) policy purchased by vendors, suppliers, contractors, and event sellers to cover claims of bodily injury, property damage, and personal injury that arise from their business operations. When a company hires a vendor or allows one on its premises, the company almost […]