The seller might require it, but even if you had it, you could argue that the seller's coverage would apply since you hadn't taken possession of the vehicle. Almost always, the insurance follows the car, so if one of the seller's employees had an accident in the car, your carrier might be approached. Most likely, though, your carrier would understand that the vehicle hadn't really been in your possession, or didn't technically belong to you yet, and would advise the seller to look to their own carrier.
Strange request by the seller, though, if that's indeed the case. I'd be wary...
Yes, I recently bought me insurance and they asked if I was going to be the driver or not.
You are confusing me. The primary borrower should have the registration, insurance, and possession of the vehicle, not the cosigner. I am currently going through a situation where I cosigned for a car for my sister. Due to her lack of making payments, I have hired an attorney to try to obtain possession of the vehicle. Both her and I are listed on the registration/title as 'or'. She has possession of the vehicle, the registration (which I obtained a copy of from the Motor Vehicle Office) and carries the insurance. My attorney tells me although I am on the title, registration, and loan, in oder to 'take' the car I have to go to court and have the judge issue a Writ of Possession. This being the case, depending on your state laws (I am in Florida), the other person would likely have to go to court to get the Writ of Possession to take the vehicle from you. I have learned the hard way (I am quite jaded because of this experience) the person who has the car in their possession has most of the rights - regardless of who is making the payments. Hope this helps. DON'T EVER CO-SIGN FOR A CAR FOR ANYBODY NO MATTER WHAT!!! PLEASE LEARN FROM MY MISTAKES!!!
Well, technically, whoever was in actual physical possession of the vehicle at the time the ticket was issued. However, as the registrant of the vehicle, it's going to be assumed to be on you, and you'll have the burden of proof to show that you weren't in possession of the vehicle at the time the ticket was issued.
No, but unless you are paying cash for the vehicle the lender is going to want insurance coverage on the vehicle until it is paid for in case something happens to it. Therefore, the lender is going to want a policy number insuring their vehicle is covered.
Any vehicle that is going to be used for commercial purposes would qualify for a commercial vehicle loan. You will also have to have commercial insurance on the vehicle.
It may if you are driving a company vehicle and are on company time. However, if you are driving your own vehicle and are simply going to or coming home from work, the only coverage you have is your vehicle insurance.
Auto insurance typically takes effect upon purchase of a vehicle and will include a time & date - you need to have that vehicle insured before it hails. Note that liability insurance doesn't cover hail damage. If you're replacing a vehicle and transferring tags & call your insurance company within the hour of buying the auto, you may be covered. The dealer/seller assumes all liability until insurance coverage is obtained, not necessarily when the vehicle is actually sold. So....the seller is going to want to see that proof of insurance. That should be done concurrently with that sale. E.g., when you test drive a vehicle the vehicle is covered by the dealer's policy(s) and sometimes your own, current liability insurance on a vehicle you own. This all depends on how much risk you are on the road in any vehicle and who currently insures your 1st vehicle. If you don't provide proof of insurance and finance a new vehicle, the lien holder also has an vested interest and wants to be recoup any possible loss. They'll want that proof of full coverage insurance before you get behind the wheel as a new owner. Additionally, if the dealer either arranges financing or they are a finance agent, they're obligated to assure the vehicle is fully insured for their protection of investment before you take possession.
The question is: where is the insurance company going to send you the bill?
If the accident is your fault, your insurance company is not going to pay out anything. If it is the other person's fault, the other insurance company will be liable.
Yes, if she has not been previously excluded in writing. If she is going to be a regular operator of the vehicle then she needs to be listed as an operator on the policy. An automobile insurance policy coveres named insured, family and anyone who with PERMISSION drives the vehicle.
being listed as a driver on a vehicle has to do with your insurance and not the company selling the vehicle. if the insurance runs your credit report before they make a final quotation for coverage, then they could possibly deny you as being an insurable driver on a certain vehicle. it probably won't happen but could depending on what state you live in.
Some policies do. Check with your provider before if you are worried about going through.
Naturally, with cheaper insurance, you're going to get less coverage. Most bare-minimum plans don't cover vehicle theft, for instance.
If traffic violation charges were to be placed they would either be against the last operator of the vehicle (if they can be determined), or the owner of the vehicle. After all - the vehicle didn't park ITSELF in neutral, did it? Either way it is definitely going to be the vehicle owner's insurance that is going to have to pay for any injury.
It is impossible to say how inexpensive NFU Insurance rates are going to be without a make, model, year of the vehicle, the age and experience, previous accident records of the person requiring insurance. Basically, you need to phone or do an online quote to find out how much cheaper than other insurance companies NFU is going to be.
Insurance is all about risk...or possible risk. We don't pay for insurance definitively knowing that we are going to use it; we paying for the possibility of future need. Insurance companies need to know the household residents/relatives, because even though your household resident/relatives may not have a license, drive a vehicle on your policy, or even if they have insurance for their own vehicle, it's the mere fact of the possible access to or "risK" of providing insurance for a particular vehicle on an auto policy.
One can file an insurance claim for a rear end collision by going to one's insurance carrier's collision center, and filling out the necessary paperwork as they take a look at your vehicle.
Someone's health insurance is not going to cover any injuries in an auto accident. That covered by the insurance on the vehicle. Since there wasn't any, it would appear the victim(s) only recourse would be to sue. And hope they can collect any judgment they might be awarded. Health Insurance WILL most definitely cover injuries resulting from an automobile accident. Some motoe vehicle insurance policies even have a "health insurance primary" option. The questions was how to determine which is primary , the health insurance or the insured drivers motor vehicle coverage
If the company you are going to work for owns their trucks than they will already have them insured.
If your car is deemed a total loss, the insurance company will only pay up the value of the vehicle. They will have nothing to do with the repairs. If the vehicle is worth $5,000 and the damage is $8,000, you are going to pay $3,000 out of your own pocket. Once the insurance company pays you that $5,000, they are out of the picture. Just be prepared for a 'salvage' fee to be deducted from your settlement by the insurance company. That is what they would have gotten for your vehicle if you had surrendered it to them.
It may vary from state to state, but in general the answer is no, you generally cannot be cited for failure to maintain insurance on a vehicle if that vehicle is non-operative (i.e., it's parked and not going anywhere). You may have to continue to register it as a non-operative vehicle, however. And if the vehicle is going to move under it's own power again, it will need to be insured.
The insurance company is required to pay the actual cash value (normally) of the vehicle prior to the loss. Get prepared to document what your vehicle is worth with a salvage instead of a clean title. Don't expect to get more for the vehicle than you piad for it. Don't expect much at all if the salvage title was given after another insurance company already totaled the vehicle. Honestly - unless this was specifically addressed when you tried to buy comprehensive cover on a salavaged title vehicle, you are going down the road to a "bad faith" claim against an insurance company. (Arguement being - insured was charged full comprehensive rate for the vehicle in question based on value of a clean title, then when a covered total loss is presented, company pays value on a different basis) Check with a lawyer. If at all possible, try to address this when placing coverage, not at the time of a loss. Mark Walters, ARM AAI
There are many ways to go green with one's vehicle such as using a hybrid car, trying usage-based car insurance, going paperless on billing and documents, and even switching to a motorcycle or scooter.
You can collect it if you want, because the lienholder is going to charge you for not having insurance for as many months as they can, and the amount of what it will cost to get the vehicle repaired. I say give them the check, you will owe less.
Sure, the insurance follows the car. Most insurance companies are national anyway, so it shouldn't matter in which state you drive. If the vehicle is out of state for an extended period, such as while going to college, the insurance company should be informed. In most states, if you establish a residence or take a job you have to have your vehicle registered in that state within 30 or 90 days and the insurance company should be notified.