By "only when you need it" do you mean only when you are aware of a claim or potential claim? If so, the answer is "NO". You cannot buy insurance on a burning house, so to speak.
You must have comprehensive coverage in order to recover on a claim from your insurance company if your vehicle is stolen. Liability only is just that, liability for your legal liability for damage or injuries to others.
If you are the claimant, then you just contact the insurance company where you filed your claim again and inform them that you wish to withdraw your claim for damages. If another person is the claimant, then it is up to them to pursue the claim or not.
If you only carry liability insurance, that is all that the insurance company is liable for in this state.
Unfortunately, there is nothing you can do with your insurance company. If you only have liability insurance, they do not pay anything to have your vehicle replaced.
Liability only protects you from claims, UM is almost always only for injuries only. If they caused the damage, you have to track them down and make a claim against their insurance if they have any and you can find them. Check with your agent, we can only provide general answers that apply to most people in most states.
The answer to this question is no. There are lots of liability insurance available for contractors. It is depends on what kind of insurance the contractors wants to purchase.
Car insurance in general is not built for you when you are not at fault in an accident. You should complete a police report and and contact an attorney to help sue the at-fault party. If you have just liability you are not paying your insurance company for help in this matter. Liability pays for the damage you cause when you are at-fault in an accident.
The average Michigan car insurance rate for liability only policies is about $2000
If another person was at fault for the accident, you will need to go after their insurance company. If you are liability only, your insurance company will not pay for anything.
Yes, you can get auto insurance that only covers liability and property damage. However, you will need to purchase collision insurance if there is a lien on your vehicle.
no - your insurer is under no "obligation" to help you. Best bet is to pursue through small claims court. if damage is greater than small claims value - consult an attorney and negotiate a reasonable fee (usually a % of settlement amount and you owe nothing if you lose)