Without liability insurance, should there be any accident on the property, the association will be liable to pay for defending the claim, and potentially the claim for damages.
Often the trade-off between liability insurance premiums and the hourly rate for defense attorneys indicate the it's less expensive to pay the liability insurance premiums.
Your governing documents will help you define your requirement as an association insofar as carrying liability insurance is concerned. Usually, carrying it is mandatory.
Printing the claim to paper
You are better off dropping your collision coverage. The amount extra that you are paying each month could be saved and would probably equal out to more than any amount you would get reimbursed for your collision coverage.
For us, in Illinois, a family of 4, it is $1128. I am deciding on dropping insurance because we are paying $1282.32 for a year of dental insurance.
I have a 2003 Hyundai Elantra GLS Sedan with 81,000 miles on it. Because the value of it is fairly low ($2750 KBB avg. trade-in and $2,600 NADA avg. trade-in) I am considering dropping my full coverage. My premium is $304 every 6 months, with a $500 deductible. I got a quote for dropping full coverage. To maintain the legal requirements for liability insurance I would still have to pay $182 every 6 months. Progressive bases their totalled-out cars on Actual Cash Value, which I'm assuming to be similar to average trade-in for the books. What do you think? Is it worth it to drop it?
I do not have a particular website to answer your question. I do know, however, that if you drive with no auto insurance it is against the law. Also, if you do get in an accident you are not covered for your injuries. Also, if the accident is your fault, you can get a hefty lawsuit served in your name. Keep shopping for cheaper insurance. Do not drive without auto insurance.
"A good insurance policy for an engagement ring will cover every potential situation that might happen to your ring, including damange, theft, and even accidentially dropping it down the garbage disposal."
Basic car insurance can be bought from many different insurance agencies. Several of the most popular agencies are State Farm, Progressive, Farmer's and Alfa. One can obtain basic car insurance by dropping by a local agency office, visiting an agency online or even by calling on the telephone.
If an individual accumulates too many points on his or her driving record the cost of car insurance will certainly go up. Bad drivers in Texas are placed in a higher risk category because they are much more likely to be involved in numerous insurance claims. Insurance companies simply do not like paying money repeatedly for damage to vehicles or for medical expenses. They make their profit by keeping most of the money paid them by customers. In order to compensate, insurance companies will charge more for those drivers with many traffic violations, DWI conviction or lapses in insurance coverage.Obtaining Affordable Liability InsuranceThose with numerous moving violations may want to look elsewhere for coverage if their insurance provider announces an increase in premiums. Not all insurance companies compute insurance rates the same way or use the same statistics to place drivers in a risk category. Texas drivers can lower their monthly premiums by completing a defensive driving course. This can be accomplished online or at a physical class location. Many drivers with numerous traffic points are ordered by a judge to complete this course in order to keep their license active. Insurance companies will sometimes offer more affordable rates if the proof of course completion is made available to them.If a driver with a poor motor vehicle record owns a car outright, he or she may want to consider dropping collision and comprehensive insurance protection. Carrying only liability insurance is far cheaper. Texas law requires all drivers to obtain liability insurance. The rates for this coverage will be somewhat unfavorable if the driver has too many points on his or her record but state law allows anyone to obtain at least the minimum amount of liability coverage needed to drive legally.Do Some Comparison ShoppingTexas drivers with a DWI conviction or numerous traffic points may want to go online and check out the rates from competing insurance providers. Many companies offer large discounts when liability insurance is combined with collision coverage. If the individual feels obligated to carry collision insurance or is required to do so by his or her lien holder, cheaper rates may be found after some in-depth comparison of quotes offered by online affiliate sites. These quotes are usually updated regularly and are generally quite accurate.Basically insurance rates are going to be higher if the individual has an unfavorable driving history, but even if numerous providers turn down a request for insurance the state government will assist in finding a company willing to offer a policy. This program exists in Texas because liability insurance is required by law.
depends on how many tickets you have recently had. You should be more concerned with you're insurance carrier dropping you then you may have an increase due to high risk insurance cost. I hope you don't live near me.
Not dropping it!
An 18 year old is legally an adult and may have their own insurance policy. You would need to inform him that you would be dropping him, and give him time to make alternate arrangements. You would then have to call the insurance company.
Usually yes, contact your insurance agent and ask about dropping all coverage except "Other Than Collision" otherwise known as Comprehensive.