Title : Auto Insurance FAQs: Your questions answered
Link : Auto Insurance FAQs: Your questions answered
Auto Insurance FAQs: Your questions answered
When it comes to auto insurance, most consumers have questions about the type of coverage they buy, what they are required to have and has options for high-risk drivers.
The answers to these questions and learning can help you make better purchase decisions when it comes to auto insurance. And now, to find answers is easier than ever!
Frequently asked questions about auto insurance
Can I drive without insurance?
NO.! Almost all States require that motorists carry civil liability insurance to cover damage to persons and property resulting from an accident you are responsible for.
All States also have financial responsibility laws that require that you show the State that you have the funds to pay claims if you have a bad accident. If you do not have proof of sufficient funds (which varies according to the State), you must purchase at least the minimum coverage required by the State.
What are the minimum requirements for insurance?
Although the minimum coverage amounts vary by State, all insurance required by the State will cover your liability for injuries and damage to property.
For example, if compulsory insurance minimum car in your state is listed as 25/40/15, this means you'll have coverage up to $40,000 for all motorists injured in an accident, up to a $25,000 for a person in a car accident and $ 15,000 for damaged goods.
Even though this may seem like a healthy amount of coverage to buy a minimum state is really buy a simple os insurance policy. Institute for insurance information (I.I.I.) recommends carrying at least $300 000 per accident and $ 100,000 per person - liability coverage and your insurer will encourage you to do the same.
What happens if I cannot find auto insurance?
If you've applied to automobile insurance and was rejected because of your driving record or other factors, ring no - you still have options available to you. According to the I.I.I., you have two options: join a State pool risk determine or buy a policy with an insurer not standard.
To establish risk pool consists of insurers in your area, which, by virtue of the law of the State, are required to participate in proportion to the amount of voluntary activity they accept. As a result, insurers must accept drivers assigned to them and write policies accordingly. But because insurers have a considerable risk drivers insurance high risk premiums are significantly more expensive.
Non-standard insurers may also be able to write a contract of automobile insurance. These types of private insurers generally write policies for motorists with a bad history of accidents, people who live in neighborhoods "at risk" and those who drive cars high performance.
Both of these options may have forks on some more money, they would be your only source for auto, insurance that improve your situation. Don't forget to keep shopping, so you can switch insurers that you find a better price.
What are the differences between the non-renewal and cancellation policy?
You or your insurer can choose only steps to renew your auto insurance after its expiry for various reasons. You can decide not to renew your policy if you find a better deal elsewhere or were not happy with the service you receive.
An insurer may not renew your policy if you've done something to dramatically increase their risk for you - or if the company decides to write policies less in your area.
On the other hand, the cancellation is more serious. According to the I.I.I., insurers may cancel a policy which has been in force for more than 60 days, unless:
You do not pay your premium.
Cheat you enterprise
Driver's license, your is suspended or revoked
Cancellation of your policy can also make it more difficult to find insurance in the future, forcing and buy you a policy high risk for a more expensive premium.
What happens if I am not satisfied with my insurer?
As a consumer, you have rights when it comes to your auto insurance. If you are not satisfied with your agent, I him or his know-how. If your complaint is still going unchecked, see if the insurer has a consumer complaint Department and file a complaint.
If your concerns remain unresolved, please contact your State Insurance Department. The Department of insurance exists to increase awareness and consumer protection, and they can provide you with assistance and resources to take your complaint to the next step, or find a new insurer. You can contact your insurance by phone or find more information online.
A well-informed consumer is a powerful consumer!
Find your car insurance answers questions is the first step to becoming a consumer hears - allowing you to make sound decisions on affordable insurance car purchase. Find answers more to your auto insurance issues by contacting your State Insurance Department!
On InsureMe
Megan l. Mahan is a writer and expert information on insurance with InsureMe in Englewood, Colorado. InsureMe links agents throughout the country with consumers, buying insurance. Specializing in health, home, life, long term care and insurance car quotes, InsureMe network provides thousands of agents with insurance leads each year. For more information, visit InsureMe.com.
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