own damage

What is OD and TP in Insurance?

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What is OD and TP in Insurance?:  Insurance can be a complex and perplexing subject. One often encounters jargon that seems designed to befuddle rather than enlighten. Two such terms in the insurance world are “OD” and “TP,” which stand for Own Damage and Third-Party respectively.  Car insurance near  me. In this article, we will … Read more

How is Own Damage Calculated?

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How is Own Damage Calculated?: In the unfortunate event of a car accident, one of the most crucial aspects is calculating the own damage, which is essentially the cost of repairing or replacing your vehicle. Car insurance near me. To many, this process can seem like a complex puzzle, but understanding how own damage is calculated … Read more