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To protect yourself from being sued if you cause an accident , the state requires what type of insurance?
Auto liability insurance is a type of car insurance coverage that's required by law in most states. If you cause a car accident — in other words, if you are liable for the accident — liability coverage helps pay for the other person's expenses.
What else can I help you with?
Why would one need car insurance?
You need car insurance to protect yourself in the case of an accident. Insurance will pay for the medical bills related to your recovery and will also protect you from being sued if you are at fault for the accident.
How can you protect yourself when a car you own that your older son drives with insurance and has a bad accident?
Your insurance is the protection; that's the nature of insurance.
Why might you want to buy more insurance than the law requires?
to better protect yourself from a lawsuit or from hefty repair bills.
What is the purpose of a vehicle?
The purpose of insuring a vehicle is to protect yourself incase of any accident you may be involved in. Having insurance will protect you in the long run and stop you having to fork out a substantial amount of money in bills and repairs. Also having insurance will protect you if your vehicle is stolen.
What is the purpose of insuring a vehicle?
The purpose of insuring a vehicle is to protect yourself incase of any accident you may be involved in. Having insurance will protect you in the long run and stop you having to fork out a substantial amount of money in bills and repairs. Also having insurance will protect you if your vehicle is stolen.
When is it wise not to report to insurance company?
never, even in the case the accident falls under a certain limit you should report the accident to allow your insurance company to protect you and itself.
What are the legal implications for a driver involved in a car accident without insurance in Missouri if they are not at fault?
If a driver in Missouri is involved in a car accident without insurance and is not at fault, they may still face legal consequences. Missouri law requires all drivers to carry minimum liability insurance. If an uninsured driver is not at fault in an accident, they may still be held financially responsible for damages. Additionally, they may face fines, license suspension, and other penalties for driving without insurance. It is important for all drivers to carry proper insurance coverage to protect themselves in case of an accident.
If someone with no drivers license nor insurance has an accident with your car are you liable?
Generally yes , UNLESS they took your car without your permission, in which case you should have them arrested for car theft to protect yourself financially
How does insurance reduce the risk of financial loss?
It protects your assets. If you never get in an accident, or hurt anyone else, it INCREASES your financial loss, simply because you paid monthly to protect yourself from something you never did.
How do you protect yourself after an earthquake?
You should take out a policy for earthquake insurance.
The Many Purposes of Auto Insurance?
Auto insurance serves many purposes. It protects other people should you cause an accident. Your liability insurance would, in most states, pay for the damages to their property and their medical bills. However, it is also intended to protect you. Collision insurance would pay to repair the damages to your car in an accident. Comprehensive coverage is designed to protect you from other events such as vandalism and theft. Finally, insurance is designed to protect your other assets should there be a lawsuit. You should ideally carry levels high enough to protect all of your assets in the event that you are sued after an accident.
Will your car insurance be canceled if you turn on left in a no turn left zone and cause and accident?
No. The reason why you have car insurance is to protect you from at fault accidents.
