== == The cost of the monthly permiums should go DOWN, as the cost of replacement of the car, or repairs to it will be less expensive. Check with the insurance agent.
The vehicle being towed has to have physical damage coverage itself in order to be covered for damage. A vehicle towing another vehicle does transfer the liability insurance to the trailer or object it is legally towing but the physical damage done to the object being towed does not transfer.
Not automatically NO. It depends on why you are lending her your vehicle. If your sister already has Full coverage or liability insurance and you are loaning her your car temporarily while her vehicle is repaired, undriveable etc. Then your sisters insurance policy will automatically cover a temporary replacement vehicle with the same coverage she has on her own vehicle, whatever that may be.
Insurance will extend from current auto insurance up to 14 days of purchasing the vehicle. After 14 days you must purchase insurance for the new vehicle
The best insurance for a commercial vehicle is a comprehensive plan that provides not only liability coverage, but also includes coverage for cargo, and the vehicle itself.
Your personal auto coverage will not cover their vehicles. What they are probably asking for is to make sure you have coverage in case you drive your vehicle on errands or such for the company. If you go to the post office to get the company mail your personal auto insurance will be the primary insurance and then if they have an endorsement to their insurance called "hired and non-owned auto" it will provide secondary coverage over and above your coverage to protect them in case of an accident. Their coverage insists that you as the employee have primary insurance on your vehicle. Also note that the company insurance will not pay for damage to your vehicle.
In automobile insurance, collision coverage provides for repairing a vehicle when it is damaged due to the fault of the insured. Liability insurance provides for cost of repair of the OTHER vehicle if you damaged it.
Some insurance companies like Progressive will cover a non-owned vehicle meaning a vehicle in which you have no legal or financial interest. Check around if your insurance company does not provide coverage to non-owned vehicles.
Barring any exclusions in the policy, the insurance 'stays with the car' so your insurance will pay for the damage to the innocent persons vehicle (under your liablity coverage). If you have collison coverage on your vehicle/policy it too will pay to repair your vehicle less the deductible. If there is no collision coverage on your vehicle and the driver has a policy with collision coverage the drivers collision coverage may step in and repair your vehicle, but ONLY if you don't have collision coverage.
Usually, it is the responsibility of the owner. However, if you have insurance on your vehicle, they will step in as secondary coverage...including covering the damage to the vehicle you were driving, if you have the coverage.
No, although if you currently own a vehicle, and have insurance, that insurance will typically transfer to the new vehicle for up to the first 30 days. There is no benefit to not changing your current insurance policy as soon as possible.
Your vehicle type, all information about any drivers, coverage types and your current policy information.
In this state, a no fault state, full coverage insurance covers the other vehicle if you are at fault.