Car Insurance
NHTSA DEMONSTRATES NEW SUV ROLLOVER TEST FOR 2004 CARS.: An article from: Liability & Insurance Week [H] [T] [M]
(Digital) JR Publishing, Inc. 2003-10-13
Release date: 2005-06-01
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I have liability car insurance and the other day a car pulled over in my lane and just stopped i ran into the back of her smashed the front end of my car(non driveable) the police said it wasn't my fault and the other car just left right after it happened. Will my insurance pay for my car?????
i did get the other cars tag number and the officer was going to see if he can find the other person. i pick up police report today.
Laws and insurance regulations could vary depending where you are, but in the United States, you'd need "Collision Coverage" to pay for the damage to your car.
Liability coverage is to take care of damage to the other person's car or injuries to other people.
"uninsured motorists" coverage is usually for injuries to you or people in your car - but if your state has uninsured motorists property damage coverage, it might apply - my state doesn't.
It's unusual for an accident where you hit someone in the rear not to be your fault, so make sure you get a copy of the police report and the insurance company gets a copy so your rates don't go up.
*New York State Auto/Car Insurance Coverage Laws Explained We have two types of insurance in New York State required of every motor vehicle. One ...
I hit the house i rent with my car. All i have is liability insurance, wondering if im covered?
Yes, you should be covered if you are carrying liability insurance coverage at the time you hit the said house. The question here is how much in total dollar figures are the damages to the house worth? New York has the 25/50/10 rule; the last figure means your liability insurance should at least carry $10,000 that covers for any property damage you cause. Hopefully you're carrying more than that, especially if the total damages exceed that $10K minimum limit. You should check with your insurer right away.
Also it's just worth mentioning that since you only have liability insurance you'll probably have to shoulder the costs of any damages or needed repairs on your vehicle. Comprehensive insurance usually takes care of that, but you might know that already. :-)
Hope this helps!
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My car is only covered by basic liability insurance required by the state. I was recently in an accident where another vehicle swerved causing me to roll over 5 times into a ditch and total my car. The other vehicle didn't stop but there were several witness' to verify my story. No other vehicles were damaged. What options do I have as far as replacing or repairing my car via a claim etc ?
If you only have liability coverage, you are not covered for the damage to your vehicle. It does not matter if another vehicle was involved. That is why insurance offers both collision and comprehensive coverage. In some states, there is Uninsured Property Damage coverage, but this too is usually optional.
Sorry, you have to repair or replace your vehicle without the aid of your insurance company.
I am puzzled - in Germany my car liability insurance sum is more than 10 million. But during my research about US car liability maximums I have not seen more than 500,000.
Assumed I injure someone who is earning more than 100,000 per year so badly that s/he cannot work anymore. Car insurance does not cover that income loss. I cannot pay for the damage. Who takes how care of this financial problem? Or is everybody in the US insured against disability?
Most people who want more than $500,000 in coverage will get an umbrella policy. These usually range from $1,000,000- $10,000,000 in liability coverage and would cover not only auto liability, they also cover the home, boat, motorcycle, and some cases business liabilities as well.
I need my insurance for my car for tuesday because I have tot take my driving test by then, I want to know if buying a liability insurance can be done over a day or how long it would take.
It can be done in a matter of minutes
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Collision, Comprehensive And Liability Car Insurance
Every individual wants that he uses his money in a best possible way. Likewise, when you want to buy the insurance for your car you do various modes of shopping according to your needs and convenience. There is several cases insurance like collision, comprehensive or liability insurance. Polices for liability insurance varies from state to state. Liability insurance merely ensures that if you indulge in any kind of accident then for a sure sum of money, you are responsible for others party car. Budget car insurance is a combination of collision, comprehensive as well as liability insurance.
For making up one's mind that which type of insurance you desire to go with, first...
Overcoming Bias : Insurance As Signal
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There are higher-yielding varieties of groundnut than those that farmers in Malawi tend to plant, but getting them to switch is tough. Better seed is pricey, increasing their risk. So researchers from the World Bank ran an experiment. With local NGOs, they offered the farmers loans. Some loans even came with a crop-insurance policy: if the season was dry and the yield a dud, the debt would be forgiven. The farmers’ risk was lowered. Of farmers offered conventional loans, 33% signed up. With the added incentive of insurance, 18% did. The researchers were puzzled.
It’s been more than 30 years since microfinance began its fantastic rise, spreading billions of dollars in credit to hundreds of millions of overlooked borrowers around the world. Insurance is the next big promise of financial services for the poor. But there aren’t many takers. That’s not from lack of interest on the part of suppliers. The Gates Foundation has plowed millions of dollars into microinsurance initiatives … , New York University economist Jonathan Morduch and his co-authors toss out other reasons microinsurance may be a hard sell. First, being poor is not without complications, and that’s part of what makes a loan attractive. Sure, microcredit is typically meant to help build a business, but cash is fungible–if there’s no money for dinner one night, a line of credit, whatever its intent, solves the problem. Not so for insurance, which asks people to decide in advance which of the many risks they face they should hedge. Plus, even without formal insurance, most people already have some version of a safety net: friends, family and–in truly catastrophic situations–government. …
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Truth about coverageTampabay.com - Mar 24, 2011
Daily RosettaIf a car is worth less than $1000 or less than 10 times the insurance premium, purchasing the optional coverages may not be cost effective. Myth: You only need the minimum amount of auto liability insurance required by law. Almost every state requires Survey: Florida auto insurance premiums lower than national averageall 12 news articles »
USA Today - Mar 25, 2011
Protect your family from lawsuits even if you aren't richLiability coverage on a standard auto insurance policy can fall short if you're in a multiple-car pileup, says Insure.com senior managing editor Amy Danise. “If you cause a massive car accident and are sued for damages, then your umbrella can also kick and more »MSN Money - Mar 24, 2011
Nonetheless, Snyder says the industry is resigned to the fact that mandatory car insurance is here to stay. "Our focus is to make it work as well as we can," he says. All states except New Hampshire require drivers to have auto liability coverage. and more »Patch.com - Mar 23, 2011
Automotive Discovery (press release)Remember that form you filled out the last time you registered your car with the Virginia DMV? You can check off a box that says you don't have ANY liability car insurance! Yes, it's perfectly legal to drive a car in Virginia without any liability Do You Really Need Extra Insurance On Your Rental Car?Advantages of Doing An Auto Insurance ComparisonWhat Exactly is Full Coverage Insurance?all 15 news articles »
WDIV Detroit - Mar 22, 2011
Spalding says Michigan's car insurance law also has some expensive quirks. Motorcycles are not considered motor vehicles in Michigan, so motorcyclists aren't required to purchase auto insurance -- only minimal liability coverage in case they injure and more »Green Bay Press Gazette - Mar 21, 2011
Democratic opponents said there's no evidence that premiums or rates have gone up and repealing the changes now would only allow insurance companies to charge more for less coverage. The bill would reduce the minimum coverage for liability and and more »Manchester Evening News - Mar 23, 2011
Always carry a fully charged mobile and your car insurance details. If your phone doesn't have a camera, keep a disposable camera, notebook, pen and the form below in your car, so you can record any accident situation. A red warning triangle and
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