The Availability Of Car Insurance Coverage In The United States
What car insurance policies are available in the USA? This is a question that many may ask, and because car insurance is the law, it is an critical one.
The owner of the vehicle may be protected with different coverage types depending on what coverage the insurer purchases. Several states in America demand that motorists carry liability insurance coverage to ensure that their drivers can cover the cost of damages to people or property in the event of an automobile accident. Some states, such as Wisconsin, have more flexible "proof of financial responsibility" requirements.
Liability insurance covers claims against the policy holder in the United States of America. Generally, any other operator of the insured vehicle, provided they do not live at the same address as the policy holder, and are not specifically excluded on the policy. In the case of those living at the same address, they must specifically be covered on the policy. Thus it is necessary, for example, when a family member comes of driving age they must be added to the policy. Sometimes Liability insurance does not cover the policy holder when driving other vehicles than their own.
When you drive a automobile owned by another party, you are covered under that person's policy. Non-owners policies may be offered that would cover an insured on any vehicle they drive. This coverage is accessible only to those who do not own their own vehicle and is sometimes required by the government for drivers who have previously been found at fault in an accident. Non-owners policies are also known as Named Operator Policies. The policies are useful for people whose drivers license has been suspended and they have to have insurance for their license to be reinstated.
In General, liability coverage extends when you hire a automobile. Comprehensive insurance policies ("full coverage") normally also apply to the rental vehicle, although this should be verified beforehand. Full coverage insurance premiums are based on, among other factors, the value of the insured's automobile. This coverage, however, cannot apply to rental cars because the insurance company does not want to assume responsibility for a claim greater than the value of the insured's vehicle, assuming that a rental automobile may be worth more than the insured's vehicle.
Most rental automobile companies offer insurance to cover damage to the rental vehicle. These policies may be unnecessary for many customers as credit card companies, like Visa and MasterCard, now provide supplemental collision damage coverage to rental automobiles if the transaction is processed using one of their cards. These benefits are limited in terms of the vehicle typescovered. - 23211
The owner of the vehicle may be protected with different coverage types depending on what coverage the insurer purchases. Several states in America demand that motorists carry liability insurance coverage to ensure that their drivers can cover the cost of damages to people or property in the event of an automobile accident. Some states, such as Wisconsin, have more flexible "proof of financial responsibility" requirements.
Liability insurance covers claims against the policy holder in the United States of America. Generally, any other operator of the insured vehicle, provided they do not live at the same address as the policy holder, and are not specifically excluded on the policy. In the case of those living at the same address, they must specifically be covered on the policy. Thus it is necessary, for example, when a family member comes of driving age they must be added to the policy. Sometimes Liability insurance does not cover the policy holder when driving other vehicles than their own.
When you drive a automobile owned by another party, you are covered under that person's policy. Non-owners policies may be offered that would cover an insured on any vehicle they drive. This coverage is accessible only to those who do not own their own vehicle and is sometimes required by the government for drivers who have previously been found at fault in an accident. Non-owners policies are also known as Named Operator Policies. The policies are useful for people whose drivers license has been suspended and they have to have insurance for their license to be reinstated.
In General, liability coverage extends when you hire a automobile. Comprehensive insurance policies ("full coverage") normally also apply to the rental vehicle, although this should be verified beforehand. Full coverage insurance premiums are based on, among other factors, the value of the insured's automobile. This coverage, however, cannot apply to rental cars because the insurance company does not want to assume responsibility for a claim greater than the value of the insured's vehicle, assuming that a rental automobile may be worth more than the insured's vehicle.
Most rental automobile companies offer insurance to cover damage to the rental vehicle. These policies may be unnecessary for many customers as credit card companies, like Visa and MasterCard, now provide supplemental collision damage coverage to rental automobiles if the transaction is processed using one of their cards. These benefits are limited in terms of the vehicle typescovered. - 23211
About the Author:
Although car insurance may sound complicated, it is required by law, and you should put some time into understanding it from bottom to top!
posted by X - Men @ 4:19 AM
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