Auto Insurance

It could be from any of a number of insurance companies. There is no regulation or laws pertaining to the way that policy numbers are determined.

You cannot insure a vehicle that is not titled in your name. If you did and the car was totaled the insurance company would not pay you because you are not the owner of the car and they cannot pay the true owner because they do not have a legal contract of insurance with the company.

This is not good. The law specifically says, that, it is your responsibility to make sure that the vehicle you are about to drive is properly insured. Sorry to say, but there is no way out of it.

Fire Insurance Definition, Characteristics and Policies

SANJIB KUMAR

ARTICLES

Fire Insurance Definition

Fire insurance means insurance against any loss caused by fire. Section 2(61 of the Insurance Act defines fire insurance as follows: "Fire insurance business means the business of effecting, otherwise than incidentally to some other class of business, contracts of insurance against loss by or incidental to fire or other occurrence customarily included among the risks insured against in fire insurance policies."

What is 'Fire'?

The term fire in a Fire Insurance Policy is interpreted in the literal and popular sense. There is fire when something burns. In English cases it has been held that there is no fire unless there is ignition. Stanley v. Western Insurance Co. Fire produces heat and light but either o them alone is not fire. Lighting is not fire. But if lighting ignites something, the damage may be covered by a fire-policy. The same is the case with electricity.

Characteristics of Fire Insurance

1. Fire insurance is a contract of indemnity. The insurer is liable only to the extent of the actual loss suffered. If there is no loss there is no liability even if there is a fire.

2. Fire insurance is a contract of good faith. The policy-holder and the insurer must disclose all the material facts known to them.

3. Fire insurance policy is usually made for one year only. The policy can be renewed according to the terms of the policy.

4. The contract of insurance is embodied in a policy called the fire policy. Such policies usually cover specific properties for a specified period.

5. Insurable Interest:

A fire policy is valid only if the policy-holder has an insurable interest in the property covered. Such interest must exist at the time when the loss occurs. In English cases it has been held that the following persons have insurable interest for the purposes of fire insurance- owner; tenants, bailees, including carriers; mortgages and charge-holders.

6. In case of several policies for the same property, each insurer is entitled to contribution from the others. After a loss occurs and payment is made, the insurer is subrogated to the rights and interests of the policy-holder. An insurer can reinsure a part of the risk.

7. Fire policies cover losses caused proximately by fire. The term loss by fire is interpreted liberally. Example: A women hid her jewellery under the coal in her fireplace. Later on she forgot about the jewellery and lit the fire. The jewellery was damaged. Held, she could recover under the fire policy.

8. Nothing can be recovered under a fire policy if the fire is caused by a deliberate act of policy-holder. In such cases the policy-holder is liable to criminal prosecution.

9. Fire policies generally contain a condition that the insurer will not be liable if the fire is caused by riot, civil disturbances, war and explosions. In the absence of any specific expectation the insurer is liable for all losses caused by fire, whatever may be the causes of the fire.

10. Assignment: According to English law a policy of fire insurance can be assigned only with the consent of the insurer. In India such consent is not necessary and the policy can be assigned as a chose-in-action under the Transfer of Property Act. The insurer is bound when notice is given to him. But the assignee cannot be recovering damages unless he has an insurable interest in the property at the time when the loss occurs. A stranger cannot sue on a fire policy.

11.Payment of Claims:

Fire policies generally contain a clause providing that upon the occurrence of fire the insurer shall be immediately notified so that the insurer can take steps to salvage the remainder of the property and can also determine the extent of the loss. Insurance companies keep experts on their staff of value the loss. If in a policy there is an international over valuation of the property by the policy-holder, the policy may be avoided on the ground of fraud.

Types of Fire Policies

There may be various types of fire policies. The principal types are described below:

Specific Policy

A specific policy is one under which the liability of the insurer is limited to a specified sum which is less than the value of property.

Valued Policy

A valued policy is one under which the insurer agrees to pay a specific sum irrespective of the actual loss suffered. A valued policy is not a contract of indemnity.

Average Policy

Where a property is insured for a sum which is less than its value, the policy may contain a clause that the insurer shall not be liable to pay the full loss but only that proportion of the loss which the amount insured for, bears to the full value of the property. Such a clause is called the average clause and policies containing an average clause are called average policies. The phrase "subject to average" is equivalent to the insertion of an average clause. "Lloyd's Fire Policies are usually expressed to be "subject to average".

Reinstatement or replacement Policy

In such policies the insurer undertakes to pay no the value of the property lost, but the cost of replacement of the property destroyed or damaged. The insurer may retain an option to replace the property instead of paying cash.

Floating Policy

When one policy covers property situated in different places it is called a floating policy. Floating policies are always subject to an average clause.

Combined Policies

A single policy may cover losses due to a variety of cases, e.g. fire together with burglary, third party losses, etc. A fire policy may include loss of profits, i.e. the insurer may undertake to indemnify the policy holder not only for the loss caused by fire but also for the loss of profits for the period during which the establishment concerned is kept closed owing to the fire.

Rates vary by state and by location within a state. Factors that influence insurance rates also include the make and model of the car to be insured, the age, education and driving history of the primary driver, and the types and amounts of coverage desired. You can conduct a preliminary search on the internet, but your best bet would be to contact several local agents or brokers and compare rates for similar packages of coverages. Remember that insurance is protection, so cheapest is not always best.

In June, 2010 Wisconsin enacted a law requiring auto insurance; prior to then, it was one of very few states without the requirement. The penalty for not maintaining the required coverage is currently $200.

Yes, if you give them the keys, they can drive it if they are of legal age with your permission. However, under your insurance, you can get blamed if they were to get in a crash or hit something or someone.

The best way to find lower insurance rates is to have a good driving record. From there, shop around and go with the best one that fits your budget.

Some insurance agencies will let you get a sort of temporary coverage, but I'm pretty sure you can't get permanent car insurance for a car you don't own yourself.

This branch as law deals with property, life, and liability insurance; fire and automobile insurance forms; and the regulation of insurance companies' policies and practices.

most insurance companies will insure a vehicle with a salvage title. As long as it is state certified.

Insurers are licensed by the individual states, and most states regulate insurance rates. A rate is the price per unit (usually one-dollar) of coverage. Therefore, premiums derive from rates.

Factors that enter an insurers rate structure include the make and model of the vehicle, the location of the vehicle and the driver, the driver's driving history, the driver's age, and various other factors. Numerous kinds of discounts are available as well, including those for driver's education courses, safety equipment on the car, no-accident discounts, multi-car discounts, and others.

The ultimate premium that you will be charged will also depend upon the coverage the you buy. For example, your state probably requires that you maintain a certain level of coverage, but amounts beyond that are optional. If you choose not to exceed the minimum levels, the premium will be less than if you do exceed them.

Insurance companies compete with each other both on premium and on service. Therefore, you may be doing yourself a disservice if you opt for a lower premium with a company that does not have stellar service. You are well advised to consult with a local licensed insurance agent or broker to review your needs. Be sure that any insurance that you do obtain is issued by a licensed insurer. Licensure can be confirmed by contacting your state insurance regulator in the state capitol.

Insurance companies' sources of funds are primarily policy premiums.

If, by AAA, you are referring to the American Automobile Association, it is not an insurer, per se. Instead, it acts more like an agent and sells insurance and insurance-like products of other companies. It also has branded products, such as its well-knowing towing service. However, AAA does not bear the risk for these services--that is, it is not financially responsible for the payment of the claims, which is the essence of insurance.

In direct answer to your question, your best bet would be to contact your local AAA office (which may look much like an insurance agency), bring them the claim information (such as your claim for rental reimbursement benefits), and they will take it from there. Naturally, you need to have been a member in good standing at the time of the occurrence to be entitled to benefits.

mike mcglone

If the mud is not too deep, put the vehicle into a low gear and slowly apply the gas. This will let the car try to gain traction, especially if you have spun the tires previously and have dug a hole.

Put the car into the lowest gear possible and then gently apply the gas. In most instances, this will pull the car out of the mud. When out of the hazard, shift into higher gear and be on your way.

Report the accident to the police.

Request that the police provide hit and run driver info to your insurance company.

This is the only legal way to do what you are asking where I live.

You dont NEED insurance in that case you are covered under what is called 'permissive use' on the owners policy, permissive use does not mean you drive the vehicle frequently (not more than 10-20% of the time) but you have the permission to drive the vehicle from the owner/policyholder.

You can get "Non Owner" insurance policies in some states that dont require you to actually own a vehicle, this is in SOME states and your driving record needs to be pretty nice looking but it is available.

mercury insurance

both

A doctors occupation has very little to do with your insurance rate. The only real issue is that if someone is a doctor people who wish to sue someone see a doctor as winning a lottery. Anyone who has attained a good amount of assets in their lifetime and needs to protect these assets will need to carry a high limit of liability insurance and also usually an umbrella policy to cover them above their auto policy limits. The cost of higher limits of liability is really not very much as most claims are rather small.

You are, you idiot. You're not supposed to hit anything with your car, regardless of how the object/animal/person got into the roadway. Start paying attention and take responsibility for your mistakes.

one year

Some companies will charge you a 10% fee for early cancellation, I would check with them for clarification.

Yes- HOWEVER- if you have a loan that has not been paid off, the LOAN terms will require that you insure the car for full coverage. Once it is paid for, you can carry liability only.