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Is there a way to suspend coverage on a vehicle that will not be used for a period of time but still keep it insured and reactivate the coverage when you want to drive it?
Wiki User
∙ 17y ago
This is a contradiction: To "keep it insured" is to keep the coverage, not to suspend it. I think you are talking about a storage waiver, which is something a lienholder would be able to discuss with you. If you have a loan on the vehicle, the lender obviously requires you to keep the vehicle insured. If you STORE the vehicle, however, the lender can or may issue a 'storage waiver', allowing you to discontinue coverage for the time the vehicle is in storage. They set the terms and you must talk to your lender first to determine the requirements of the waiver. If you do NOT have a lien on the vehicle, no outstanding loan, then you only need to carry liability coverages. If you intend not to drive it for a period of time, you can cancel the liability coverage for the time the vehicle is in storage/not being driven. For your own security, however, you should be absolutely certain no one else has access to the vehicle during that 'storage' time.
Wiki User
∙ 17y ago
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What does collision coverage What does collision coverage?
In automobile insurance, collision coverage provides for repairing a vehicle when it is damaged due to the fault of the insured. Liability insurance provides for cost of repair of the OTHER vehicle if you damaged it.
If your insured with one company and you drive another vehicle that's insured by another company and you get into an accident wich insurance company pays for it?
The Owners Vehicle Policy offers primary first pay coverage. Any policy carried by the driver would invoke as secondary coverage.
What happens if an uninsured driver borrows your insured car and gets in an accident?
Depends on the state laws. Typically driver insurance coverage is extended to any driver of the vehicle insured. Insurance covers the vehicle and any legally licensed driver with permission to operate the vehicle.
If you have an insurance on your vehicle can you drive a vehicle belonging to another person?
If you are a first named insured on your policy then your liability coverage would extend to any non-owned private passenger vehicle you have permission to operate.
If you buy a new car on a weekend is your new car insured if you have insurance on the old one?
Replacement or Additional VehicleGenerally, if the vehicle replaces another vehicle already insured, it will have the same coverage as the one being replaced. However, for comp or collision to continue, you must notify the carrier/insurer within 30 days of acquiring the vehicle. If it is an ADDITIONAL vehicle (not replacing one already shown on the declarations page), you will automatically receive the broadest coverage currently on the policy for any vehicle listed in the declarations page. NOTE that that means if you have insured only vehicles that are older, with no outstanding loans, and you carry only Liability coverages for that vehicle, that is the only coverage this newer vehicle will have. The obvious problem with that is if you are in an accident and the new vehicle is damaged before you can contact your insurance company, there will be NO COVERAGE for the damages TO THIS NEW VEHICLE. MOST auto policies provide coverage for a 'new' (additional) or 'replacement' auto, when you already have the same coverage for the prior car. For example: Let's say I own a 2003 Honda. I purchase a 2006 Toyota on a Saturday afternoon, or for that matter, on a Wednesday morning. If I trade it in, the 'new' car will automatically have the same coverage as the vehicle I traded in, for up to 30 days.
Does property damage liability cover those not on the policy?
Property damage and liability coverage are two different things and provide different coverages entirely. Property damage coverage on an auto policy covers the named insured on the policy. The named insured must be the owner of the vehicle as you cannot insure a vehicle you don't own. Generally insurance companies allow immediate family members who reside in the home to be included on the policy as long as they are listed as drivers on the policy. If the vehicle belongs to someone not the named insured then the coverage is void. If the driver of the vehicle is not listed as a driver on the policy this would also be material misrepresentation and the policy would be void.
What is med-pay?
Med pay coverage is called medical payments coverage in an insurance policy. This coverage will pay for reasonable expenses incurred for necessary medical and funeral services because of bodily injury caused by an accident and sustained by an insured. The insurance policy will not reimburse for experimental treatment, treatment not recognized within the medical profession within the United States. The services are only reasonable and necessary if the treatment is rendered by a licensed medical provider within his/her practices and the charges are consistent with the usual charges within the geographical area for similar services. In California, acupuncture is a covered expense by licensed acupuncturists.This coverage applies only in limited circumstances. First you must be injuredand you must have incurred medical expenses. The insurance coverage does not pay for future medical expenses; it only reimburses for medical expenses you have due to your injuries in the accident. Secondly, you must be an insured under the policy to receive the benefits of med pay coverage. An insured under the insurance policy isthe named insured on the policy (usually the one who owns the vehicle that is insured),the named insured's resident spouse,any family member to the named insured which is any person related to you by blood marriage or adoption who is a resident of your householdany one using the vehicle covered under the named insured's policy.Insurance coverage follows the vehicle. If you are in a vehicle that has med pay coverage on its policy, you will likely be a covered insured under the med pay coverage of the policy. However, you may be a covered insured for med pay coverage under more than one policy. It is best to consult attorney to be sure you know which policies may cover you under the medical payments coverage of the insurance policy.As is the case with most insurance policies, there are listed exclusions to when the policy does not apply. Here is a list of some of the exclusions:If you are using the car as a taxi no one will be covered;If the vehicle you are using was furnished for your regular use it will not be covered;If you own the vehicle and did not buy med pay coverage on that vehicle you will not be covered;If your family member owns his own car or uses a car regularly, the family member will not be covered under your policyIf the injury caused by war, rebellion, etc. there is no coverageIf you are on a motorized vehicle with fewer than 4 wheels there will be coverage.It is not required that you carry med pay coverage in some states. Therefore, the coverage is only a supplemental coverage you can purchase on your policy. Typically the charge for this coverage is small compared to the benefit you can receive if you are ever in an accident. If you are injured and an insured under the med pay policy, then you are entitled to this benefit regardless of fault. I encourage you to ask your agent about adding this coverage to your policy today.
When is a car comprehensively insured?
Comprehensive is a type of coverage you can add to an automobile policy. Comprehensive coverage is a physical damage coverage that includes damage to your vehicle that is not included in collision coverage. Collision coverage is damage done when you hit something or turn the vehicle over. Comprehensive includes fire, theft, vandalism, and animal collision. You can have comprehensive without collision but not collision without comprehensive.
What is downtime insurance?
DOWNTIME / RENTAL (Rental Reimbursement with Downtime Protection Coverage)Downtime / Rental provides coverage for rental car costs to temporarily replace an insured vehicle due to a covered loss.
Who pays if a driver does not have auto insurance but the passenger does?
for the driver - there will no coverage. For the passenger the same as well. It is your responsibility as a passenger, to be sure that the vehicle you are driving in is INSURED, always.
Do you have to keep your vehicle insured if it is going to be repossessed?
MOst likely your contract calls for you to insure the car. For your own protection, you should contiue the ins. coverage.
What happens if your husband was driving you to work and hit a parked vehicle and he is not on your insurance?
Subject to any policy exclusion, he more than likely will be considered an insured driver and therefore coverage, however he will then need to be rated on the vehicle. (if he is an excluded driver already on your policy, then unfortunately you have a problem, no coverage for yours or the other vehicle).
