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There are almost as many different limit requirements as there are states that require insurance. Without knowing what state you are located in I cannot tell you what the minimum insurance requirements are in your state. You also must remember that the minimum limits allowed by law are not the limits that are needed by most drivers. Minimum limits are for minimum class of your clients. A family that owns a $250,000 house, 3-4 cars, a little money in the bank need much more than the minimum limits of liability coverage. What happens if a son has an accident and a couple of people get hurt and a couple of cars get totaled. Minimum limits will have you in a courtroom answering to a lawsuit quickly. Your house may become their house so be carefull.
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What is liability coverage on auto insurance?
This means that if the accident was your fault, your insurance will pay(up to an amount that is on your policy) for the other property and persons involved in the accident. Liability insurance does NOT cover your vehicle damage.
What is the difference between minimum and full coverage with auto insurance?
Minimum coverage is the minimum amount of insurance required by law. Full coverage is the full package from the insurer, insuring everything they offer to cover.
Does homeowners insurance cover hospital from a car accident?
No, Homeowners insurance is for the house. it does not cover cars or car accident claims.
Can you get insurance at the scene for a accident?
Trying to get insurance to cover an accident that has already happened is Insurance Fraud, which is a Felony.
What is the minimum insurance cover in the uk?
Minimum insurance for cars is 'third party' insurance, for housing it's 'contents'. Third party insurance for vehicles does not cover damage to the owner's vehicle, only fire, theft and damage caused to other vehicles in an accident. Contents insurance for housing insurance, only covers damage to the internal furnishings against natural disasters (flood for example) It does not cover the cost of repairing the building itself.
Coverage To Drive?
If you are driving a car in the state of Illinois, then you need to carry insurance on the vehicle. Uninsured motorists can get insurance at affordable rates if they know where to look. There is a minimum amount of coverage that the driver needs to have on their insurance. This amount is not high so that drivers can get insurance coverage at an affordable rate. However, if a driver wants to take a risk and let someone else drive their car, they need to carry uninsured motorist insurance on their policy. The minimum amount for this coverage is $20,000. This covers the driver of the car if they were in an accident and were not covered under an insurance policy. In the event of a car accident and the driver of your car or the other car were not covered under their own insurance policy, the uninsured motorist coverage would protect not only yourself but the other drivers in the accident. The coverage will pay for any medical necessities that are incurred during the accident and any wages that are lost. The coverage will only pay up to the amount that you have on your insurance policy. Anything over this amount will be the responsibility of the driver. If the accident was the fault of the other driver, then their insurance will cover up to the amount listed on their policy and then your insurance will cover the remaining amount. An uninsured policy is different than an underinsured policy. An underinsured driver has insurance, but they may not have enough coverage to pay for the expenses if the driver were in an accident. An uninsured motorist has no insurance at all. The only way that an uninsured motorist can usually drive a vehicle is if there is a family member who has taken out the uninsured motorist coverage on their insurance. An uninsured policy is not expensive to get, but it would be best for the driver to obtain their own policy as soon as possible.
What exactly is dog insurance?
Dog insurance is pretty much exactly what it sounds like. If you have pet insurance, you can be covered for if your pet is ill or is hurt by an accident. A certain amount of cover is given if you have the insurance plan.
Would insurance cover the accident if you were in an accident but were not on the insurance policy but you had your own vehicle and insurance on it?
If the car that was involved, in an acident was insured yea!
What happens when you have insurance at the time of an accident and then it gets cancelled does the insurance still cover the accident?
Yes it does. The cancellation of an insurance policy is not retroactive.
What are Florida's minimum requirements for classic car insurance?
Florida's minimum fees for having a car covered are just having your own basic insurance which will cover the other drivers car and or body in an accident. The premiums and fees vary based on company.
Does union fidelity cover both accident insurance and life insurance or life insurance only?
yes it do cover life insurance not health insurance.
What does limited liability car insurance cover?
Liability insurance protects a person if he or she gets in an accident and they end up hurting someone or his or her car or property. Many state have a minimum that each person must carry. Limited liability car insurance is where a person is covered in this case, but only for a small amount, for example, $25000.
