This is coverage that would provide insurance to pay for damage to a vehicle for a vehicle that you rent or use for some reason. This is often an endorsement that you have added to your policy in order to provide this type of coverage. Normally it is done on a commercial policy. The normal endorsement in a commercial setting is called "hired and non-owned coverage" endorsement. The endorsement provides coverage for a rental car or in a situation like if your secretary runs an errand for you and has an accident of some kind. This would provide coverage for the named insured only and not as primary coverage for the other party. The person who owns the car will provide the primary coverage but the endorsement will be secondary.
No. You have to have physical damage coverage on the motorcycle also.
Comprehensive physical damage coverage
Only if the trailer is listed on the policy with comprehensive or collision coverage. Many people do not list their trailers on their auto policy because the liability transfers from the pulling vehicle. The physical damage coverage does not.
Property damage liability is the coverage section of your liability auto insurance that will pay for physical damage to the vehicle or other property of another person if you are At Fault in an auto accident. This coverage would pay for repairs of the person's car or whatever else is damaged.
Property damage liability is the coverage section of your liability auto insurance that will pay for physical damage to the vehicle or other property of another person if you are at fault in an auto accident. This coverage would pay for repairs of the person's car or whatever else is damaged.
Physical Damage coverage on an auto policy covers all parts of the car that are damaged in a covered loss or covered accident. Maintenance issues are not covered on auto insurance.
The vehicle being towed has to have physical damage coverage itself in order to be covered for damage. A vehicle towing another vehicle does transfer the liability insurance to the trailer or object it is legally towing but the physical damage done to the object being towed does not transfer.
Firstly, there is no such thing as full coverage auto insurance. This is just a term that developed over time to mean whether or not you wanted physical damage coverage on your vehicle or not. Secondly, if you have physical damage coverage this has nothing to do with what you owe on your vehicle. the physical damage section of an auto policy says that the insurance company has the option to repair, replace, or pay the actual cash value of your vehicle. I suggest if you purchase a new vehicle to consult your agent about GAP coverage which will pay the difference between the ACV of your vehicle and the amount owed. Never purchase this from the dealer and it will cost you several times what you can get it from your insurance company for.
Comprehensive and Collison are the two types of physical damage coverage.
It covers physical damage to your car. It will pay for repairs.
Liability and physical damage are the typical for Classic cars. It is essential that you have separate coverage as your regular policy does not cover your classic auto.
The kind of coverage that would be necessary is called comprehensive coverage. It usually sold in conjunction with collision coverage.