| Category: | Insurance agency, |
|---|---|
| Address: | 186 Oxmoor Rd # G1, Homewood, AL 35209, USA |
| Postal code: | 35209 |
| Phone: | (205) 941-1244 |
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Protect Yourself and Your Family's Future With Our Help. The Insurance Group is an agency in Clinton, Iowa that offers clients a variety of insurance plans. We have been in business since 1949, and our experience translates to the quality of service we provide.
Group Insurance Definition. Group insurance covers a group of people related to each other by some defined criteria, i.e., members of society or any professional association, employees of an entity, employees working under the same employer, etc. It can be life insurance, health insurance, or any other type of personal insurance.
An insurance group is a method to determine the cost of insuring your car based on which group they're assigned to. The Association of British Insurers (ABI) determine a car's insurance group. The groups range from 1 to 50, with the lower groups being the cheaper option to insure.
Every car in the UK is added to an insurance group. Insurance groups start at 1 and go all the way up to 50.The higher the car insurance group, the more it adds to the price of your car insurance. That's the general rule. Vans are also put into insurance groups. Since 2016, the highest van insurance group has been 30. Before that, it was 20.
Characteristics of Group Insurance. Group Insurance involves the issuance of a single master policy covering all the group members with a separate Identity card issued to each group member. It is usually economical compared to individual policies of the same terms and conditions. It is standardized and non-customized and follows a one-fit approach.
Cars in insurance groups 1-10 are typically the cheapest cars to insure. Find out more about groups 1-10 in the links below: Group 1 car insurance. Group 2 car insurance. Group 3 car insurance. Group 4 car insurance. Group 5 car insurance. Group 6 car insurance. Group 7 car insurance.
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