Automobile insurance is where the driver pays the premium, but the company pays for the damages or theft.
A set of individuals can get together to constitute a corporation, which is a legal body used to conduct and manage commercial or manufacturing business operations.
An automobile Insurance Company usually takes insurance premiums from the person and when at the time of any sort of accident or at the time of claim they pay for the damages that are being made.
The insurance can be claimed in case of theft, accident, any sort of damage, etc.
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