What Is Ccc in Insurance

Key Takeaways. Care, custody, or control (CCC) is a term that prevents an insured individual from claiming compensation on property not owned by them that was damaged while in their care. General liability policies typically cover property that is owned by the insured party and not third-party property.

What insurance companies use CCC?

For starters, CCC has contracts with many insurance companies, including Nationwide, Geico, Allstate, etc. CCC has grabbed a large market share of business from the Insurance Companies by saving them money on claims translating into lower average claim payouts for policyholders.

What does CCC stand for in CCC Information Services?

Incorporated: 1980 as Certified Collateral Corporation.