Fleet Insurance High Point, North Carolina

Liability insurance (also called third-party insurance) is a part of the general insurance system of risk financing to protect the purchaser (the “insured”) from the risks of liabilities imposed by lawsuits and similar claims and protects the insured if the purchaser is sued for claims that come within the coverage of the insurance policy.

Originally, individual companies that faced a common peril formed a group and created a self-help fund out of which to pay compensation should any member incur loss (in other words, a mutual insurance arrangement). The modern system relies on dedicated carriers, usually for-profit, to offer protection against specified perils in consideration of a premium.

Liability insurance is designed to offer specific protection against third-party insurance claims, i.e., payment is not typically made to the insured, but rather to someone suffering loss who is not a party to the insurance contract. In general, damage caused intentionally as well as contractual liability are not covered under liability insurance policies. When a claim is made, the insurance carrier has the duty (and right) to defend the insured.

High Point is a city located in the Piedmont Triad region of the U.S. state of North Carolina. Most of the city is located in Guilford County, with portions extending into neighboring Randolph, Davidson, and Forsyth counties. High Point is North Carolina’s only city that extends into four counties. As of the 2010 census the city had a total population of 104,371, with an estimated population of 112,316 in 2018. High Point is currently the ninth-largest municipality in North Carolina, and the 259th largest city in America.

Major industries in High Point include furniture, textiles, and bus manufacturing. The city’s official slogan is “North Carolina’s International City” due to the semi-annual High Point Furniture Market that attracts 100,000 exhibitors and buyers from around the world.

It is home to High Point University, a private Methodist-affiliated institution founded in 1924.