If people don’t have auto liability insurance, what are all the potential negative consequences if they are in an at fault accident?
If you have no insurance and live in the state of Missouri in the USA, get involved in an accident, you’ll lose your license for one year, REGARDLESS of who is at fault.You’ll also be expected to pay damages and medical claims. The other driver can sue you. If you have no money, many lawyers might not be interested in taking the case but there are some who’ll do it anyway.You’ll also be paying out of your own pocket for damages to your car and medical claims for any passengers who were with you.In my state you can get a ticket just for not carrying proof of insurance in your car. Get pulled over for speeding and they find out you have no insurance, they’ll revoke your license.I don’t know about other states or countries but I’d bet they are pretty much the same.In the end it’s far cheaper and much less hassle to carry insurance on your vehicles. Many insurance companies have multi-car discounts.
Does auto liability insurance cover the vehicle or both? I'm driving my parent's car and the insurance card only has my parents' names.
I'm not sure what state you reside in (assuming you're in the United States). There are some states that have Personal Injury Protection or No-fault states and what I'm about to tell you may not be applicable to you. You might want to brush up on your motor vehicle laws.Auto liability is a third party coverage that covers you in the event of an accident where you are held liable for the other party's bodily injury and/or property damage. If you are brought in a lawsuit, the insurance company will pay for your defense until the limit of liability is exhausted.Liability does NOT cover the vehicle. You will find that coverage under Physical Damage which costs extra premium. There are two parts to Physical Damage: Comprehensive (Other than Collision) and Collision.Comprehensive coverage covers you if you hit an animal, fire, flood, projectiles (rocks, road debris, hail, etc.), wind, lightning, etc. Collision coverage covers you in the event you hit a pole, swerve to avoid an animal and hit a ditch, hit-and-run situations, etc.In regards to your parents' names, the ID Card shows the Named Insureds that are listed on the policy. Just because your name isn't on the ID card, doesn't mean that you are not listed as a driver. You may want to check with the insurance company to make sure. If you are not listed on your parent's policy, they should add you. They don't want to get into a misrepresentation situation.
Tell me about no fault auto insurance please.?
I live in Texas and we buy liability insurance on our vehicles. Just this seems pretty rigged because the follow on policies are almost as high as the first policy. If you have a truck and a car you are paying double but you can only drive ONE AT A TIME! If you have 4 vehicles which is not all that rare you can only put 3 on a policy then you have to get a second policy for at least one vehicle. If you get in a wreck and it is your fault your insurance pays for the damage to the other vehicle and the driver/passenger. You still have to pay a deductible which can be $200-1000. Your rates are set taking into account, if you keep insurance routinely, credit worthiness, home owner, age sex and marital status and of course your driving record. I am wondering about no fault insurance. How does that work? What is insured, the car or the driver? How are the premiums set? What about deductibles? When there is an accident who pays?
My car insurance says for bodily injury, ‘not applicable’. What does that mean?
In order for me to answer your question fully, you would need to let me know where in the policy you found that. It could be in the somewhere in the exclusions section or a section of the policy which deals with a different type of coverage or coverage description, e.g. physical damage, property damage, or limits of liability. Coverage for bodily injury in an automobile insurance policy is based on legal liability to pay damages to others because of bodily injury so it may be “not applicable” in a different context. You may be entitled for coverage for your own injuries under the Uninsured/Underinsured Motorists Liability or Personal Injury Protection (“No-Fault”) sections of the policy which are not at all based on who was at fault or legal liability. If you could get back to me as to where you found the “not applicable” in your policy, I will be happy to explain to you why it is there. I guarantee you there is a good reason.
What does 20/40/15 mean on auto insurance?
I assume you are talking about liability limits and not uninsured motorist but the limits work the same. 20/40/15 liability limits means: 20= $20,000 limit per person for bodily injury 40= $40,000 per accident maximum payout for all injuries 15= $15,000 limit per accident for property damage Remember this is liability so none of these coverages will cover your injuries or damage to your car if an accident is your fault. The limits work the same for uninsured motorist. U/M is designed to pay over and above the liability coverage the other person may have if the wreck is their fault. Its a good way to protect yourself from uninsured and underinsured drivers. If you currently have this liability limit on your policy I would strongly suggest you call your agent and ask for higher limits. This limit is not sufficient in most cases and if the damages you cause are more than your insurance limits you will still be liable to pay the rest out of pocket.
Florida driver with no bodily injury insurance being sued?
I did contact the insurance company the same day I was served and there response was the full coverage i requested did not contain bodily injury so they could not defend my case.. I am looking at a policy i have from the company at the time which shows coverage as: 1. property damage 2. personal injury protection 3. comprehensive 4. collision thats it... it is not required in the state of Florida to have bodily injury.. but if i would have known that it wasn't automatically part of the full coverage request ..and that i had to special request it i would have asked for it specifically!! I am in no position to pay 15 grand out of pocket so regardless of the outcome they "victim" will be on a long list of debts.. you live and you learn right.. come to find out the new insurance carrier I have did the same thing so I took it upon myself to ask for the coverage this time around thanks to this summons:)
Will my auto insurance cover my medical bills if i'm at fault?
If you have Medical Payments Coverage or Personal Injury Protection then your policy will pay for medical bills you incur as a result of the accident up to the per person limit. If you do not have Medical Payment Coverage or Personal Injury Protection then, no, you auto policy will not pay for your medical bills. You will have to submit them to your health insurance or pay them out of pocket.
If I am at fault in a car accident, will the insurance company of the other driver fix my car?
If you're in an auto accident and you're at fault:If you have collision coverage insurance your carrier will pay for your repairs less your deductible. If you don't have collision coverage you will pay for your own repairs. The other driver and their carrier owes you nothing. If you have liability coverage insurance your carrier will fix the other car, or reimburse that drivers carrier if they paid first and will pay for injuries to the other driver, if any. If you don't have liability coverage the other drivers collision coverage carrier will pay for repairs and then can go after you. If the driver doesn't have collision coverage and you don't have liability coverage then that driver can/will come after you directly. It is common for drivers of older low value autos to have liability insurance but not collision coverage for the repair of their own vehicle.Note: many states including California have financial responsibly laws making it illegal to drive without minimum liability insurance. Amongst the consequences for violating the law is to lose your driver's license. Not offered or intended as legal advice.
If an automobile insurance corporation's policy is to resolve who's at fault "usually within 30 days", is it considered bad faith if they don't determine fault for an accident without serious injuries for 18 months?
“Bad faith” cannot be determined merely by the amount of time it takes to resolve an incident, but rather what work is actually being done during that time to do so. You would need far more information on the reasons why it’s taken 18 months in order to support an allegation of “bad faith” on the part of the insurance company.The best person to provide you with an actionable answer to your question would be an attorney experienced in dealing with insurance company claims, who could review all of the facts and inform you of what steps and options might be available to you to pursue in order to resolve the issue.