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Why do people buy cheap liability car insurance instead of full coverage?
Wiki User
∙ 14y ago
People buy cheap liability insurance if their vehicle is not nice enough or new enough to warrant full coverage. The cost of the insurance ends up being more than what they would get if they needed to make a claim.
Wiki User
∙ 14y ago
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Where can i get a cheap 10 year term insurance on my helecopter?
Term insurance refers to life insurance. ( for people not objects) If you are looking for comprehensive ,collision, or liability coverage for your helicopter, check with your auto insurance agent to see if such a coverage exists.
Is there Liability for hitting skateboarder?
Yes, liability pays for damage you cause to other people, regardless if those people are pedestrians or passengers in another vehicle. If the skateboarder has car insurance then there is also a good chance that the skater carries a coverage on his own insurance called medical payments. This is coverage on your car insurance that can be used for your own injuries as a pedestrian.
Indiana requires liability insurance coverage of how much for injury or death of two or more people in one collision?
$15,000
Is property damage liability car insurance required?
Property damage liability insurance is to cover the damage you may cause to someone else's property. Different states have different car insurance requirements and regulations. Further, some people get larger property liability insurance coverage than the minimum requirements.
Why is uninsured motorist coverage required in states that require liability coverage?
UM (uninsured motorist) coverage is not required in all states that require liability coverage. However, UM is an important coverage in auto insurance because it steps in and pays for your bodily injury (medical expense, lost wages, and pain & suffering) when you are injured by a hit-and-run, uninsured driver, or irresponsible driver who carries low liability coverage on their auto insurance. In another word, UM is a coverage for you and people in your car guarding against the risk of irresponsiblly insured drivers - and there are a lot of them out there.
Which auto insurance coverage pays for injury or damage that the insured driver causes to other people or their property?
Bodily injury liability and property damage liability should cover those.
What type of insurance must you have on a vehicle with four or more wheels?
Automotive liability insurance is required an almost all states, this insurance will cover damage your car does to other cars and people, if you are at fault in a collision. Full coverage insurance covers damage to your car if you are at fault, as well as provide liability insurance.
What is the minimum coverage for bodily injury liability for 2 people?
That would depend on the state where you live minimum liability coverage.
What if you didn't have insurance on motor bike and crashed but had health insurance?
Your health insurance would pay for your injuries. You would have no coverage for your liability (damage you caused to other people's property or persons) or for the damage to your motor bike.
Full coverage auto insurance?
"Full coverage" doesn't actually exist-but there are lots of auto insurance options you can choose from to help you feel well protected. When people say full coverage it usually means that they have a combination of insurance types that result in you being covered in almost every situation. This could include liability insurance, comprehensive insurance, uninsured motorist insurance, bodily injury protection and many others.
How many people have health insurance?
How many people have health insurance? 85% of people in the US have health insurance. 97% of Massachusetts residents have health insurance. How about we help the 15% of people get insurance with tax breaks to pay for their insurance, instead of messing up 85% of the peoples current insurance coverage.
Does a home based child care center need commercial liability insurance?
To become licensed child care center, you are required to have commercial liability insurance. However if becoming licensed is not your goal, commercial liability insurance is not necessary. You should consider increase your home owners insurance to protect you in the event of accident. Most insurance companies will provide you additional coverage for people wanting to do a start a home based day care.
