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You can not insure a vehicle for more than its value so more than one insurance policy would be a waste of money.

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Wiki User

16y ago

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Can I get a quote for Commercial Auto Insurance?

Progressive Insurance offers commercial auto insurance and they also will give you a free quote! If you insure more than one vehicle or have more than one policy you can get a multi policy discount. http://www.progressive.com/


What do you do if it costs more to fix a wrecked automobile than the vehicle is worth?

If you have physical damage coverage on your policy and the cost to repair the vehicle is more than the value of the vehicle then the insurance company will total the vehicle. In the case of a total loss, the insurance company will pay you the actual cash value of the vehicle less any deductible you have. On all insurance policies, where you have physical damage coverage, the insurance company has the option to repair the vehicle, pay the actual cash value of the vehicle, or replace the vehicle. Companies never replace the vehicle.


How do you trade your vehicle for a new vehicle with SR-22 insurance in Florida?

Just like you would with any other insurance policy. An SR-22 is merely an assurance from the insurance company that you will keep insurance for a year. The policy deals more with the insured than the vehicle. Often time drivers who do not have a vehicle can purchase this type of insurance in order to reinstate their drivers license. As far as changing vehicles just contact your insurance agent and they will take care of the change for you.


Can an individual have two insurance policies on the same car?

Double CoverageYes, It is not uncommon to have more than one auto insurance policy on the same vehicle. There are legitimate reasons why more than one policy might exist for the same vehicle. Under the principle of Indemnity and the color of Law. Should a loss occur, the applicable policy with the broadest scope of coverage would automatically be treated as the primary insurance policy. Coverage from the secondary policy would only invoke should the policy limits of the primary be exhausted.Bare in mind that to seek double indemnity would constitute a felony insurance fraud.Happy Motoring


Can you have more than 1 life insurance policy?

There is no bar in having more than one life insurance policy. The policies may varie from endowment, whole life or unit linked insurance policy as per your choice and requirement.


Can you buy your own insurance if you are the cosigner?

Yes, But be careful. Although it is perfectly legal to have more than one insurance policy on a vehicle. It would be illegal and considered insurance fraud to get paid twice for the same loss.


Which insurance policy is never primary when the insured has more than one policy?

Medicare


Why do you need an insurance policy for every vehicle you own?

You don't. It's much cheaper to put all your vehicles on one single policy than it would be to buy a seperate policy for each vehicle.


What is car group insurance used for?

Group insurance is insurance on more than one customer or vehicle. Many insurance companies offer additional services to those who insure more than one person or vehicle (group).


Can one person have two insurance policies?

Yes, you can have more than one insurance policy.


What is the person that buys the insurance policy called?

The person that buys the insurance policy is referred to as the policy owner. This person is the only one that can make changes to the policy or cancel it. However, there may be more than one policy owner for the same insurance policy.


Is commercial vehicle insurance cheaper than passenger vehicle insurance?

NO. Commercial (or Fleet) insurance is much more expensive than general insurance. However, if you are asking whether insurance is cheaper for a commercial vehicle (carrying produce for example) than a bus (carrying passengers) then, yes, it is cheaper.