Generally, if you were in CA and I am assuming you are not talking about a fender bender or minor accident, you would lose your license and be required to make a filing to reinstate your license.
In order to maintain your license you may be required to file what is called an SR-1P or an SR-22 which is simply proof you have insurance in place. If your insurance expires or you let it lapse, the insurance company will notify DMV and your license will be suspended again.
Now you said the car you hit has insurance. This could mean they (the insurance company) will probably attempt to go after you to recover damages they had to pay on your behalf. You are still responsible!
Yes.Thats what full coverage covers
You can be sued, and your insurance company can deny the claim.
Yes, full coverage auto insurance is required for auto financing. This rule protects the bank if you have an accident.
It depends on your coverage & the state, but normally if you have full coverage your insurer will cover any accident you are in.
Yes they will, but you may have to pay a deductable if you do not have uninsured motorist coverage, and you you must have comp & coll coverage.
you may, but will likely not win...
Only if you have bought the extra coverage to have a rental. "Full coverage" usually just means you bought liability, comprehensive, and collision insurance.
Third party insurance only covers the property of the other person(s) involved in an accident, not your car. Full coverage insurance (or comprehensive insurance) also covers your car if you damage it.
Yes
Yes, if your policy has adequate coverage. If you have full coverage insurance, your car will be repaired completely and your portion of the repairs will be whatever your deductible is.
Liability insurance pays for someone else's damages if an accident is your fault but won't cover your vehicle. Full coverage provides liability insurance as above but will also cover your damages to your own vehicle in an accident regardless of whose at fault, as well as theft, fire, etc.
only if you have full coverage insurance and the reason for the rental is due to an insurance claim- such as an accident.