Auto Insurance

Most insurance companies will not allow a 17 year old to own and insure their own vehicle. I have a couple of insurance companies that do allow them to have a policy. The reason I don't recommend to my customers that they not allow a 17 year old own a vehicle and iisurance their vehicle in their name is that they are not a legal adult under the terms of the lay. An insurance quote along with the policy itself make up a legally biniding agreement. A 17 year old is not technically allowed to sign a legal document.

The color of the vehicle has absolutely nothing to do with the price of the insurance. I have heard this for yeard that read red vehicles cost more for auto insruance and this is absolutely falso. The insurance company does not even know what color the car is when we insure it. There is noting in the serial number that even tells the policy what color the vehicle is.

In every state the government has an agency that regulates such licensees. In the state of Indiana they have the Indiana Department of Insurance. The state has a government website which is IN.gov and it shows all the state agencies and departments. Adjusters are regulated under the same agency as agents are regulated.

Generally insurance companies don't really mind how you pay as long as you pay. That's a little of a joke. I own an independent agency and from my experience you probably would be better off setting up a monthly payment plan and then pay whatever amount you want when you wish. Each month they will bill you for a minimum payment but also list the balance and you will save the service charges if you pay it off early.

If it is not cashed it will eventually become void. Normally it says how many days the check is valid for on the front of the check. This is usually about 90 days. If this happens you can always contact the insurance company to have it reissued.

As long as he no longer resides in you household or drives your vehicle. Personal auto policies state your responsible for notifying the company of anyone who lives in your household or drives your vehicle even occasionally. Some companies will allow you to exclude drivers but you need to be very careful about the exclusion because it means the company will not pay for any claims if the excluded person is driving the car.

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.

They can ask you whatever they want to in relation to the claim so that they can evaluate what happened. You have an obligation to assist them in every way to help them evaluate the incident. If you lie to them or give them false information they can deny your claim so be careful and truthful and don't try to slant your story to a certain way.

Probably but that's not very smart to leave your vehicle running and unlocked in an area where it may be stolen. You do have an obligation to mitigate damages to your property.

Sure. A failure to yield ticket usually also comes with an accident and both of these factors will increase your insurance premiums. Just like having a clean record without any claims will reduce your rates.

No they do not. Ford credit is a financial institution which finances the sale of cars to the public. Sometimes they offer types of insurance like credit life and credit disability that are insurance products which pay them high commissions. They also offer products called forced place coverage through other insurance companies that are used when people fail to keep the proper insurance on their vehicles financed by ford motor credit. This coverage is physical damage coverage only to cover the amount financed so that ford motor credit does not take a loss if the vehicle financed is damaged and the client did not have insurance. This coverage is very expensive, only covers ford motor credit, and the cost is added to the clients account. It is not an insurance policy and does not provide liability coverage or any other coverages needed.

If you have millions of dollars to capitalize an insurance company plus the expertise which includes past knowledge of management in insurance operations at the company level. If you have this plus a number of people able to process claims, applications, policy changes, and everything else that makes up an insurance company your on your way. Then all you need is an agency system of insurance agents throughout a large enough area to mitigate your risk and to sell the policies that's another piece of the puzzle. Then you will need a team of insurance attorneys to be capable of putting together standard insurance policies after you have decided what kinds of insurance you want to sell. Once your policies are developed you will need to contact the departments of insurance in the states where you want to market your products and get your policies approved for sell. You also need marketing people to talk insurance agents into selling your products in the areas where you wish to market your products. The key in insurance is to spread the risk around. If you come out with a cheap homeowners policy that has great rates for coastal areas you will be extremely successful until the first hurricane hits the area where you are selling and you will go bankrupt. For this reason the various insurance departments will never allow you to have a marketing plan like this because you will not last and ultimately your clients will become creditors when you have to file bankruptcy and they will not get paid. It is extremely complicated which is why only very experienced teams are allowed to start and operate insurance companies.

If you are referring to damage on your vehicle that your insurance has paid for then yes they can cancel your insurance if you don't complete the repairs. Also, another consideration is that you don't show "pride in ownership" which is an insurance term meaning that if you don't take care of your vehicle properly you probably aren't as careful about caring for the vehicle. They may allow you to keep liability coverage on the vehicle if you don't want to keep the physical damage coverage.

I'm not sure about the legality of the issue where you live but I would say anytime there is a chance of injuries or property damage of any kind you would need insurance.

You are required by law to have liabilty coverage, but not collision coverage. If you did not have collision coverage then you are not due any compensation by your insurance company. If you did have collision insurance and the insurance company will not pay, then you may be able to sue the insurance company, but you cannot sue the state.

If you own the car it should be registered and insured in your name as well as any other person in your household expected to drive the car. You do not need to insure a vehicle that you do not own. The insurance must be in the name of the person who is the legal owner of the vehicle. When you sign the insurance application you state that you own the vehicle and have listed all drivers and household members on the application. If you are not truthful on the application they will not and probably cannot pay any claim.

I believe I understand the meaning of your question and yes the child will be listed to be covered to drive all vehicles in your household. Most insurance companies write one policy for all vehicles in the household as well as all drivers in the home as well. When you provide this information along with the information as to who drives which vehicle mostly. The result of this will be that the vehicles will be rated based on who drives them the most and how far they are driven to school or work. All drivers will be covered to drive all vehicles but the more expensive young drivers will only be rated on the vehicle that they drive most of the time and will not increase the premium of the other vehicles in the home. This gives you the ability to have them drive any vehicle if it becomes necessary for them to drive one of the others if necessary but no increase in premium will occur for short term situations where a young may need to drive another vehicle. Only if it looks to become a long term occurance does it need to be reported to the insurance company.

I had full coverage when I purchased my used car and a few months later I was in an accident that wasn't my fault and the time I was paying on my insurance they told me that I was only paying liability I never cancelled my full coverage to liability. what can I do about this?

As long as you are sure they have insurance and if you are listed as a drive on such insurance policy. If these cases are both yes then you will be covered under their insurance as long as you have permission to drive the vehicle.

Regulations differ in different states and sometimes with different policies. You need to report claims as soon as they happen so that a company may assign you an adjuster to start working on the claim in order to finish as quickly as possible to get you paid and back to where you were before the accident. All state regulations have a time limit for making a claim so be sure it is reported in a timely manner.

You have to remember there are many different required insurance coverages and then there are optional coverages as well. Most vehicles are almost the same price for liability coverage but the biggest difference in vehicles is when you are talking about physical damage coverage. Many factors effect the physical damage coverage price including cost of parts, frequency of claims on that vehicle, and other factors. The cheapest are domestic mini vans with Dodge Caravan being the lowest.

I would not insured a rebuilt vehicle because no matter what there is always going to be an issue if the vehicle is totaled as to what the value of the vehicle is. You and I know that a vehicle with a rebuilt title will be worth less that a vehicle with a clear title. I would use a stated value policy to value the vehicle so that there is no misunderstanding if an accident occurred.

Safeco Insurance Company is represented by Independent Insurance Agents who contract with them. If you purchased insurance from Safeco then you did so through an Independent Agent. Unless you changed your agent for some reason such as moving to another area the original agent would still be your agent or at least the agency would still be who you would go to for assistance. I know this because I am an Independent Agent who represents Safeco Insurance Company and am proud to represent such a fine company for many years.

I don't know what the fine is in a particular jurisdiction but I can tell you this. The fine for driving without insurance will be far more than six months premium of the insurance that you were required to carry.

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.