Should I get liability or full coverage on my car?
I have a 2002 Pontiac Grand Prix SE with 157,000 on it. I did the KBB value and got $3400 for private party and $2200 for trade in but I'm not sure how accurate that is or how much I'd get from insurance in the case of a collision. I paid $4200 for it in 2009 when it was marked at $6200. Of course, I don't owe anything on it. I've been on my mom's car insurance (I'm 21) up until now but I recently moved out and need to get my own policy. Unfortunately, I don't have the greatest driving record; I had a rough first year of driving in 2007/2008 and I'm still paying for it. I've been paying $180/month for full coverage with Allstate. I got quotes from other companies and I found one (AIA, a local insurance company) that offered me liability insurance for $100 down and $100 a month for 10 months. The next lowest I found was $145/month with Progressive. With AIA, I can get full coverage for $222 down and $190 a month. I haven't had an accident since 2008, and I'm confident about my driving skills, but I don't want to screw myself over. I don't have $3400, or even $2200, to buy a new car if something happened to this one. However, my car is 9 years old, so I don't know if it's even worth it. What should I do?
What does liability insurance give you?
You get nothing under "liability", with any insurance company. Liability insurance pays only for what happened to the property of someone else (such as a car you hit) or for injuries to someone else (usually either someone in another car or a pedestrian). And it usually pays them directly; it does not pay you. If the insurance company and the person who must be paid do not agree on the amount, or on whether the person must be paid, and the person who must be paid sues you, then liability insurance gives you a lawyer to fight the lawsuit (and pays the other person if that person wins anyway). Other than this lawyer, liability insurance gives you nothing. The purpose of liability insurance is so that you do not have to pay the other person with your money.
What's gonna happen if I wanna give up my car?
If you can afford the payments, you should keep the car and pay off the loan. The last thing you want to do is have a repossession on your credit report, especially if you can afford the payments. If you do give up the car to the lender what will happen is they will auction it off and you will be responsible for whatever the difference is from your loan balance minus what they got for it at the auction, plus additional fee's (storage, towing,ect..). Not to mention the hit your credit score will take with a repossession, they will end up costing you higher interest rates. Keep paying on your loan. Good luck.
How do I give a car to someone out of state?
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What do I need to do to give ownership of a car to someone else?
I sold my old piece of junk truck to someone for a 100 bucks the other day (it didn't run and it cost WAY more than I wanted to invest into it to fix it)... he came by and picked up the truck already and paid for it. But I still have to give him the title and all that. What exactly do I need to do to complete a vehicle transfer? And what if I can't find the Pink Slip? It's somewhere but I have no idea where. Thanks... never sold a car before. And by the way, I had bought this truck from someone else about 4 years ago... don't know if it matters how many people have had the truck or if that effects forms or stuff that need to be filled out.
One of the key proponents of property insurance is insurable interest. This means that an insurance company expects you to have a financial stake in the property (car in this instance) that you insure.Otherwise you could think “Marty isn’t a very safe driver. I’ll buy a policy on his car, so that when he gets into an accident, I’ll make bank.”If your girlfriend’s name is on the title, then she can purchase insurance on the vehicle.One more thing to consider: By purchasing a car for her, you are responsible for her ability to drive and potentially get into an accident. Thus, a court of law could impute liability to you and make you financially responsible for her accident. This is the same logic we use with parents doing the same thing for their kids that you propose.It is important that she has good coverage and high enough limits to protect her and you.Thanks for the A2A.
It is sometimes difficult to prove who is at fault for slip and fall accidents. It's better to hire a good slip and fall attorney to represent your case. To win a slip and fall personal injury lawsuit, you need to show that the property owner or tenant was negligent, meaning some action they took or failed to take caused the fall.A successful claim depends on how well you and your slip and fall attorney can prove three things. To win a slip and fall personal injury case, you need to prove:Liability. The defendant had a duty of care, and was negligent in performing their duty of care.Negligence. The defendant breached that duty and the plaintiff was harmed.Responsibility/Fault. The breach of duty, or negligence on the part of the defendant, was a major factor in causing the plaintiff’s injuries.In order to demonstrate negligence, your slip and fall lawyer need to prove that the defendant failed to act reasonably prudently to prevent the injury. If someone threw a banana peel on the floor and you slip on it immediately afterward, the defense might argue that the defendant did not have sufficient time to realize the banana skin was there and to pick it up.
The correct answe is that the policies ARE public information available from the insurance commissioner or whatever your state insurance regulations agency is. Your coverages listed on the policy are private. But, your coverages are easily obtained if an attorney wants to sue you.
If you don't turn over your insurance info, you personally are responsible and she'll be able to sue you directly.The court case won't have a good start when she testifies you wouldn't identify yourself and she had to subpoena your car registration.But sure, its legal to act this way and sabotage yourself in the upcoming lawsuit.The cops report car accidents, not dings to a car door. That's their policy. That doesn't matter for her lawsuit.Sure, she's being unreasonable. Nonetheless this is your fault. Why not let your insurance handle her? This isn't the sort of incident that increases your premium and your insurance is going to agree, the lady is too demanding and fight on your side. That's why you pay them. I protect you, even when it's your fault.