In 1927, Massachusetts became the first state to require the purchase of auto liability insurance. Since then 48 states and the District of Columbia have followed suit.
No, there is no legal requirement that you have liability insurance. However, Your clients may require it before they are willing to hire you. Carrying the appropriate license a nd adequate liability insurance for your industry is the first hallmarks of a qualified reputable business.
Most dealerships will require insurance before you drive off the lot.
Absolutely. Even if you pay cash for the vehicle you will need to prove that you have liability insurance in order to legally drive off the lot. If you are financing the vehicle you will have to show that you have liability and physical damage coverage before driving off the lot. The dealer will contact your insurance agent to verify that the coverage is in force and will add the vehicle to your policy with the coverage that they require and that you want.
The contractor should be bonded and carry liability insurance and you need to require proof of this before they start. Homeowners insurance is not meant to guarantee work on homes.
Most, but not all insurance companies will require you have a drivers license to buy liability insurance for your vehicle. All of the 50 United States however require you have a license or permit of some type before you can drive your vehicle on public roads.
Renters insurance is not typically required by law before moving into a rental property, but some landlords may require it as part of the lease agreement. It is a good idea to have renters insurance to protect your belongings and liability in case of accidents or damages.
It is not a requirement but having a good professional liability insurance policy in place will give you more credibility in your industry. If you are an accountant in the employ of another then you should not have a need for a professional liability policy. If you work as a self employed or a contractor you should carry coverage. Many companies will require you show them your insurance before they will grant you contract work.
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Your husband cannot legally obtain life insurance on you without your knowledge. And most companies require at least a cursory physical before agreeing to insure someone.
If you paid cash and bought it outright, without financing, you don't have to have ANY collision or comprehensive insurance on it if you don't wish. If the car was financed you will have to insure it against damage until such time as the loan is paid off. As far as liability insurance is concerned most (all?) states require proof of liability insurance before you can legally operate on the public roads.
Yes, but most states require insurance before you can register or license the car.Expanded AnswerThe individual states, almost unanimously, require licensed drivers to carry a certain level of liability insurance. But I do not know of a state that requires proof of insurance as a condition of mere ownership of a motor vehicle.This issue has come to the public eye in recent months because of comparisons between state requirements for automobile liability insurance and proposed federal requirements for health insurance. It is claimed by advocates of federally-imposed health care insurance that the mandate is similar to that imposed by most states with regard to automobile liability insurance.
An insurance license and your LDTL filing is all that's needed to start an insurance agency in Texas. Bare in mind however that most insurers will require you have a Professional Liability in place before they will give you a contract.