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But if the demand for self-driving cars is high enough, they could just raise the price of the car to compensate, and consumers would essentially be making a trade-off for higher car prices in exchange for slashed personal car insurance rates.
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In insurance terminology the first party is the insurer and the second party is the insured. THIRD PARTY LIABILITY Liability of the insured to persons who are not parties to the contract of insurance and are not employees of the insured.
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