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In the auto insurance sphere, this means the request made by an insurance company to a policyholder to submit more than one repair estimates to meet his/her needs. This may involve the total estimates of repair involved.
This usually happens when there is an automobile damage resulting in incurred loss which requires some major of repair.
The policyholder should be sincere and accurate in all details which will be filled in the estimate form and later be submitted to the insurance company.
When an insurance company request for repair estimate to be submitted, the policyholder should comply and do so accordingly without any further delay.
This usually happens when there is an automobile damage resulting in incurred loss which requires some major of repair.
The policyholder should be sincere and accurate in all details which will be filled in the estimate form and later be submitted to the insurance company.
When an insurance company request for repair estimate to be submitted, the policyholder should comply and do so accordingly without any further delay.
Posted in: Glossary of Auto Insurance (C)
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