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Does liability pay off if there was just your vehicle in the wreck?
It does not pay for your vehicle. You would have to have collision insurance. In a one vehicle accident, liability only would come into affect if you caused damage to another person's property.
When should you drop Full Coverage and just keep Liability on your 1993 Ford XLT Van that has only 29 500 miles on it?
The question you should ask yourself is, if your car gets damaged, will you fix it or just buy a new car? The Comp and Collision coverage on your vehicle helps pay for damage to your car. If you don't plan on fixing the car, or if you will fix it and pay out of your own pocket, then you don't need full coverage.
When do I need to put commercial insurance on a vehicle that is being used to pull a trailor?
You might. If the trailer is used for just personal use then your personal auto would extend the liability coverage from your vehicle. If you want it covered for theft or collision. You would need to have comp and coll coverage on it. If you use the trailer for business use then that's when your vehicle and the trailer would need a commercial policy.
How much is general liability insurance for a motorcycle repair shop?
You need a garage keepers liability policy which will include coverage for the motorcycles in your possession, liability while testing them, liability for the premesis and your work, etc. If you have employees you will also need work comp insurance. If you are just starting this business up, I would estimate 1% of your total gross reciepts as insurance costs, with a minimum of $2,000 annually.
Will your insurance cover your car if you were at fault?
If you have full Coverage Auto Insurance, Then the Comprehensive and Collision portions of your coverage would pay for damages to your own car. If you just have liability insurance only. Then you just have coverage for the other car and there is no coverage for your own vehicle.
Does liability insurance cover death in a single car accident?
Liability coverage is "third-party" insurance that pays for injuries or death to another person as a result of the insured's negligence (carelessness). There are different types of it, not just car-related. Whether or not it applies in a given situation depends upon the dynamics of the occurrence. Therefore, if the theory of the negligence was, for example, that a landowner created a dangerous condition that proximately caused the single-car collision, the landowner's liability insurance could arguably be triggered so as to cover the incident. If a passenger was killed in a single car collision, the driver/owner's liability coverage may be triggered if the driver was negligent in the operation of the vehicle.
Will the Insurance Company pay for a rental car if the accident is your fault and if you have full coverage ins?
Only if you have bought the extra coverage to have a rental. "Full coverage" usually just means you bought liability, comprehensive, and collision insurance.
Does the state of Missouri require rental car to be paid for under full coverage auto insurance?
No. Rental coverage is something you buy extra. "Full coverage" just means you bought liability, comprehensive, and collision insurance.
Can you have full coverage insurance on a salvage vehicle?
Yes, but remember it's only worth 60% of a comparable clean titled car so make sure it's worth buying collision and not just liability/comprehensive.
How old does a car need to be to not require full coverage in New Jersey?
Let start assuming by full coverage you mean Comprehensive and Collision coverage is included on the policy. Comprehensive and Collision coverage is always optional no matter how old or new the car may be if you have the title to the car. If you don't have title, meaning it is financed or leased, then your lender most likely will require that you keep Comprehensive and Collision coverage. The decision to have or not have Comphrensive or Collision is a personal one that needs to be based on the value of the car and how much you will have to pay for the Comp and Coll premiums. You also have the choice of just deleting Coll. but keep the Comp. By doing this you would reduce your premiums but still keep coverage for damage covered by Comp. Also consider adding Uninsured Motorist Property Damage if you drop the Coll. By doing this you think that because you are a good driver and unlikely to be the cause of the accident you retain coverage for things that are out of your control and save money at the same time.
Is it worth getting fully comp insurance on a new bike valued at 1000 or just 3rd party fire and theft?
Thought this was answered, but will do so again, if you can replace the vehicle fairly easily (financially speaking),then I'd say no carry comp just liability, also remember the deductible you chose when figuring what you would be paid for your loss. Say you chose 500 then worse case scenrio, if vehicle totals you will receive 500 from your carrier.
If a company pays into workmens comp for you but issues you a 1099 are you an employee or an independent contractor?
In the state of New York do I have to carry workmans comp for 1099 independent conractors Just because a company pays into WC for you doesn't make you an employee. Many states are "ladder states," meaning liability follows up the ladder until someone can pay. In Texas, General Contractors are required to carry Comp for their subcontractors (who are 1099 workers) who don't have it, or remain liable if they don't (since TX is the voluntary Comp state.) For New York, inquire of the NY State WC Board, 518.474.6670, but I think your answer is yes, if they don't have it.
