No. Since the other driver was found to be At Fault he will be responsible for his own damages. Your insurance company will pay for any damage you have and then go to his company to be reimbursed since it was the other drivers fault. If the person you hit failed to yield to oncoming traffic and was ticketed I fail to understand why you are concerned that you would be responsible for the damages to that person's car. If you are stating the facts correctly, then the failure to yield guy should be responsible for YOUR damages. At least that is the law in Arkansas. Hopes this helps put your mind at ease.
The people responsible for an automobile accident are those who are operating the involved vehicles at the time of the accident - unless the cause is mechanical failure or some other event outside the control or any of the operators. The person responsible for paying for the resulting damages may be the vehicle owners or the person who bought the vehicle insurance (usually, but not always, the same person). When operator negligence is involved, the operator may be responsible for paying the damages, even though the operator is not the insured person.
You could be liable for all damages to the vehicles. You can be responsible for any medical bills incurred. You will most probably receive a traffic citation for the accident and failure to maintain insurance coverage. You can be sued by the person you hit for any number of things from medical bills to loss of work due to injuries or loss of a vehicle or mental stress. You will learn that insurance is not something that you can let lapse.
No, homeowner's insurance only overs damages on the house.
No. The maintenance of the vehicle is the responsibility of the owner. And, no, the bank is not responsible either because the bank only owns the loan, not the vehicle.
Yes, All claims and accidents whether at fault or not at fault are required to be disclosed when applying for an auto insurance policy. Failure to do so can result in cancellation of your policy due to non-disclosure.
Contact your agent or policy services for your insurance company and they will be able to tell you.
No, it is very likely that you insurance is going to increase for this. It will go up if you are in an accident.
You would need to look at your policy. Typically your home insurance policy covers damages that result from the perils listed such as fire, wind, hail etc.
Failure of what component.
An upset failure damages a component so that it does not function well, but will still operate at less than optimum performance. A catastrophic failure damages something beyond repair.
No, homeowners insurance does not cover food losses due to the failure or outage of a public utility conveyance.All home insurance policies specifically exclude conveyance related damages
No - auto insurance is not the same as a warranty. Insurance protects you against claims by other parties who may be injured by your bad driving, and, if you carry collision insurance, helps defray the cost of repairing your car after an accident.