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When you carry liability coverage it helps to protect your assets (including personal funds, investments, real estate, etc.) if you should become liable due to any auto accident you are involved in. It will only protect you up to the limits and specifications in your insurance policy. It will not cover replacement costs to either repair or replace your vehicle regardless of who is At Fault. For this you need comprehensive coverage. If the fault can be contributed to the other driver, you may be able to recoup some or all of the repair and/or replacement costs of your car. This will depend on whether the other driver has auto insurance, what limitations and specifications are in their auto insurance policy and how fairly their insurance company will handle execution of reimbursement to the not at fault driver. Liability insurance will not provide you with a replacement vehicle should your car be too damaged to drive and need to be repaired. This is covered by rental insurance. If you are not at fault, you may be able to have this provided by the at fault driver based on the same restrictions in the last paragraph. Your liability insurance will also not cover any medical expenditures incurred by you or your passengers. You and your passengers would be able to try to recover costs, etc. from the at fault driver's auto liability coverage. Again, depending on the stipulations above. If you are at fault, your liability insurance is in place to help protect you against claims from your passengers and the other driver and their passengers for medical costs, equipment repair or replacement, property damage, mental anguish, physical conditions resulting from the accident, etc. There are other smaller monetary types of coverage, depending on what your particular auto insurance company offers that may not be included under your liability coverage. Generally, the accepted norm is that you should not bother purchasing comprehensive insurance once your vehicle reaches 5-6 years of age as the amount the insurance company will reimburse you for your older vehicle becomes less and less as time passes. Additionally, you should have no need to opt for medical coverage if you are already insured by your health insurance. Before you make this decision, you should become familiar with your medical insurance and any limitations and exclusions that policy may contain as some insurers specifically exclude auto injuries.
What else can I help you with?
Do you have to have full coverage on each vehicle you have or is it enough to have it on one and liability on the others and be fully covered?
You'll be fully covered only on the vehicles for which you choose to place full coverage insurance. The others will only be covered for liability losses if you only buy liability coverage for them.
Can you have liability only car insurance in Michigan?
In state of Michigan, you can only have liability coverage if your car is paid off. Otherwise, you will have to purchase a full coverage policy.
Does liability pay for injuries?
It should to others, but if you have liability only, you may have only the minimal coverage req'd.
If i cancel my full coverage and my car get stole they cover it?
Not if you now only have liability coverage.
Does structure only insurance have any liability coverage?
If you purchase liability coverage on the dwelling policy then yes it will have liability coverage. If you only wanted the minimum price with no extra coverage that's what you get. Make sure you purchase the coverage you want when you talk with an agent. Dwelling coverage is used in situations when you own a home that you don't live in such as a rental property or if it does not qualify for a homeowners policy for some reason. You can add coverage for liability, contents, and many other additional coverages.
Does the state of Georgia only require liability car insurance?
The state of Georgia only requires liability and property damage coverage. You have the option to purchase additional coverage's. It is a good idea to purchase uninsured motorist coverage.
Does Foreign Commercial General Liability include Foreign Business Auto Liability?
It can be, but it just depends on the extent of coverage you purchase. Commercial Auto is not automatically included with Commercial General Liability. If you purchase the Commercial Auto coverage along with the Commercial Liability then you will have the coverage. If you purchase only the commercial General Liability then you won't have coverage for commercial auto.
Coverage if your car fallw through ice?
Yes, under the comprehensive coverage if you have it. No, if it is liability only.
If a borrowed automobile only has liability coverage will full coverage pick up and pay for the damage?
If it only has liability, then it can't get full coverage benefits. If the driver has full coverage auto insurance, it may pick it up for the vehicle he's driving, but that tends to be rare.
What is the least expensive coverage you should have for a car worth only about 1500.00 and driven no more than 2 miles per day?
This is completely up to you on what coverage’s you choose since at the end of the day, you are the one who will have to face the consequences of not having enough insurance. But I would recommend getting liability coverage. Since your car is not worth much it would be a waste of money to have collision coverage, after the deductible is paid out. So just get the liability, but get more then the state minimums in order to fully protect yourself. I always believe in having a lot of liability coverage, as you never now what can happen on the road.
What happens if you hit an an uninsured motorists and you only have liability?
If the accident is your fault, your liability coverage will pay for the other person's damages. You will be out of luck as no coverage will be afforded for the damages to your vehicle or any injuries to you or your passengers.
What if a driver in NJ hits your car with no insurance and you only have liability coverage?
Time to sue.
