Insurance comes in a variety of forms. You can insure your car, your home, your personal property, even your life. By paying a periodic premium, you can be protected and even compensated against future loss or damage.
What are the essential elements of a contract of insurance?
there are four elements of insurance contract... offer,acceptance,consideration...
If a neighbor's tree fell on your property whose insurance is responsible?
If the tree fell due to weather, the neighbor is not liable so it would have to be filed under your own homeowner's insurance. The neighbor is only liable if you can prove the tree was dead or dying and they did nothing to remove the problem.
If a neighbor's tree falls on your property who's Home Insurance is responsible for its removal?
I saw on one of the court shows where that exact thing happened. A tree fell into a neighbor's yard and damaged their fence. The neighbor tried to sue the guy who's tree had fallen. However, the judge said that it was not the guy's fault that mother nature caused the tree to fall. However, if the neighbor had given multiple written notices in advance asking the neighbor to please have the tree chopped down, the she would have had evidence that there was an on-going problem and the guy would have been responsible for damages to her fence.
The analysis is somewhat more complex, and involves the issue of negligence. Stated otherwise, if the was known, or should have been known, to be rotten or otherwise subject to collapse, its owner was responsible for attending to it. If it does cause damage due to its weakened condition, the owner's liability insurance should answer for the neighbor's damage. The failure to have attended to the tree when the owner know that it was likely to cause damage is the essence of negligence.
If, for some reason, the damaged party's insurer pays for the repair, it can subrogate against the tree owner (and his/her insurer) and attempt to recover its payment. That process is called subrogation.
Can you get auto insurance with just a learner's permit?
You can obtain your own auto insurance or you can be covered under someone else's policy such as your parents or the vehicle owners policy, but you must have coverage. If you are a minor and want your own policy, due to the limitations of contract law your parent or legal guardian will need to countersign your insurance application for it to be legally binding.
A Drivers Permit comes with all the responsibilities of anyone licensed or not who operates a motor vehicle on public roads, including our financial responsibility. No state provides exemption from Financial Responsibility Laws for minors or permitted drivers.
- You can get insurance with a permit. I live in Florida and got it with a Learners Permit
- Some Insurance Companies may not require you be added to the vehicle owners or parents policy until you complete your test and get your drivers license, but you can't drive uninsured in any event. It's best to contact your Insurance Company and ask what the policy is for newly permitted drivers.
Do you need auto insurance when you have a learner's permit?
More input from Wiki s contributors:
- In all 50 states, vehicle owners are required to carry some form of financial responsibility, generally, this requirement is filled by an automobile insurance policy, although in some states it may be satisfied by a bond or other form of security. When you or a member of your household owns a vehicle and you obtain a learner's permit, you must be added to the insurance policy that covers that vehicle as a household operator. Not all insurance companies will charge additional premium to add you as an operator..
- However, if you obtain a learner's permit and neither you nor any members of your household own a vehicle, you will not need to obtain separate insurance. Make sure that any non-owned vehicle that you drive in is covered by an automobile insurance policy and that you follow the restrictions of your learner's permit. As long as you are a permissive operator (meaning that you have permission from the owner to drive the vehicle), you will usually be covered by the owner's insurance policy..
- I'm from WA state and a parent to a 17 and 20 year old and they were covered under our auto policy until them became a licensed driver. Check with your insurance company but, under no circumstance would I or my kids with out insurance!.
- I think it varies from state to state and depends on your individual insurance company and the type of policy purchased. We are in Illinois and have State Farm insurance and I also have a 15 year old that is getting his permit next week. I spoke with my insurance agent and NO I do not need to add him until he gets a full license. Even then don't sweat it to much especially if you are with a good company because most offer big discounts for good students and provide safe driving seminars..
- I live in Virginia where you don't need an, "Insurance Policy," at all. Instead of buying an insurance policy you are allowed to pay into a general fund, about $400 per year..
- Whichever car you're driving should be insured, and in some cases, if it's your parents' policy then you will need to be specifically added to that policy. Once you get your license and are 18 years of age you can start looking for your own insurance policy. However, please remember that it's difficult for teenagers to get a decent auto insurance quote.
- The State of New Hampshire does not require Insurance. If a vehicle is financed, the lending institution will require it but if you own a vehicle outright, there is no state law mandating insurance coverage. It would be foolish to not have any insurance at all. A simple liability policy is pretty cheap but there isn't a lot of coverage. If you get hurt or hurt someone, it's on you to take care of damages and medical responsibility. You don't have to have it, but you should and don't get caught without it.
- If you are the permit holder and you are driving your parents' car, you may be covered under your parents policy depending on the coverage purchased so long as you are driving with permission of your parents. If they have a standard form policy it will generally cover you. Some companies require a permitted child be added to the policy for coverage while others do not require until you get your full license, In most states there is a service that gets the names of new licensees and cross checks it with the list of insureds at an address and will inform the insurer of the new licensee so that you can more easily be 'added' if your parents 'forget.' If your parents continue to 'forget' some insurers will automatically add you to the policy and send your parents the new much higher premium....which is why your parents would have 'forgotten' for so long.
Where can you get pet insurance quotes?
- It pays to look around and educate yourself on the variables possible in a pet insurance policy. Some policies are different from others, make sure you are satisfied with what you are paying for. You should think about what you are looking to cover, if you're trying to cover multiple pets, or older pets. If you are looking for routine care coverage or emergency care coverage, etc. All this plays a factor and different providers specialize in different care. You can usually get pet health insurance at your local veterinarian clinic or animal hospital.
- Always ask your veterinarian first about pet health and make sure the pet insurance company is licensed in your state.
- Check with your vet to find out who provides the best pet insurance.
- Check with a local pet shop.
- You can also check with your vet but also do your homework, because you don't want any surprises when you file a claim. Be certain to be truthful on all application documents.
- The safest way to check into buying insurance to cover a pet is to talk to the vet that you use. There are many different insurance plans offered out there, but what would matter is which insurance they will accept. Also consider if you do any traveling what would be most widely accepted.
- Congratulations on your "baby." You sound like an extremely good pet owner so I suggest you talk to you vet and they will give you several different pet insurance programs you can join up with. Please read their policies carefully and be sure you are getting the best bang for your buck. I would not use the internet to get your pet insurance. The vet is a phone call away.
Some major American Pet Insurance companies:
Veterinary Pet Insurance (800) USA-PETS
Pets Health Care Plan by The Hartford Group (800) 807-6724
PetCare and ShelterCare Pet Insurance Programs
Pet First Health Care
Embrace Pet Insurance
ASPCA Pet Health Insurance Pets Best Pet Insurance
Trupanion Pet Health Insurance
Most insurance policies are "indemnity products", meaning that the company pays all or most of the costs incurred.
However, there also exist "discount plans". These differ from indemnity plans in that they offer a discount from what would be the regular fee charged by the veterinarian. These plans are much less costly than true insurance, but they also provide a different kind of benefit. Understand that you are financially responsible for the payment of the fees, although they are discounted. You also must enroll in the plan and the sponsor of it charges an enrollment fee.
You must also be aware that veterinarians often stop their involvement in the plans, and therefore no longer offer the discounts that you were counting on. Therefore, it is important, before you join or use the plan that you ensure that the vet still participates.
Can a 17 year old get his own auto insurance?
Yes you can, But due to limitations of a minor to enter into a contract. The teenager will need a parent to countersign the insurance application. Alternatively it is usually cheaper just to add the teen to the parents auto insurance policy.
Will a speeding ticket from another state affect your auto insurance?
All States as of 2005 are Required through New Federal Regulation to comply with and make available to all other states reciprocal driver records.
It Is not a matter of a ticket being reported to your state. It is only reported to your state if you fail to take care of it. However, the computer makes your records available to any insurer or state licensing division that cares to check it.
The reciprocal requirement extends to all states being able to automatically suspend or deny a drivers license in any other state until such time as the originating jurisdictions suspension or violation requirements have been satisfied.
The old days of leaving behind unpaid traffic tickets in another state are gone. Information travels at the speed of light.
My advice: Pay the ticket quickly so you don't wind up taking a trip and hiring an attorney trying to get your suspended license reinstated.
If a ticket from another state defaults, your drivers license can now be suspended regardless of which state your licensed in. An unsatisfied traffic judgment in one state can prompt an automatic suspension in another.
The intent and spirit of the movement toward information integration and sharing of the various states agencies along with more efficient enforcement is ultimately to better serve and protect the public.
__________________________________________________________________Other sof course it will, you got ticket . So you do the crime you do the time.
It depends on the laws of your home state and whether your state posts out of state tickets. While most do, there are a few exceptions. NY is one.
In general, it always pays to fight an out of state speeding ticket. Never assume that you can just pay the ticket, regardless of what the officer tells you. Check to be sure how it will be posted to your record in your home state and you may also want to check with your insurance agent. In many cases it is cheaper in the long run to hire an attorney to try and get it reduced.
______________________________________________________________Out of State Traffic TicketsI think this response is overly broad. I was pulled over by a Vermont state trooper who specifically told me the ticket wouldn't be reported to my home-state DMV. I think this question needs much more research.
I got a new york ticket. and then had other violations after that in Pennsylvania. The points in NY Don't transfer into P.A. and I called the DMV and they told me they had no record of out of state tickets. Just my violation in state. But I'm not sure if the insurance companies can see it, That's what I.m Looking Into now myself.Tickets in other StatesThe answer is: It depends on the state you got the ticket in .
Some states report tickets to each other's DMV or MVD license bureau and some don't. If your state gets info from one of the states that shares, you will most likely see it on your motor vehicle report or If your old tickets go into a default status. Unfortunately, so will your insurance agency next time they take a look at it.
You may want to call your motor vehicle department to ask about it.
Potentially, yes. Your records reflect your entire driving history but it is up to the car insurance companies discretion to decide what they will and will not take into consideration when they determine your rates.
Are you covered by workers compensation while traveling to and from work to home?
Federal & state laws exempt employers from any liability for employees commuting from home to the day's first work location, and returning home after work is done. No pay, no WC.
Where can you purchase workman's compensation insurance?
If you are NOT an employee, but rather a business-owner -- who needs to provide coverage -- the answer to this depends on what state you are in. Some states, e.g., Ohio, are "exclusive fund" states. If you do not live in an "exclusive fund" state, there will still be a "state fund" in place. You can purchase your coverage there, or from any private carriers that offer WC coverage in your state. You should check with the agent/broker who handles the rest of your business insurance.
It is extremely important that you deal with an "authorized insurer", meaning one that has the requisite authority to conduct business in the State(s) in which you do business and in which you must provide insurance. Because worker's compensation insurance serves the purpose of shielding your business from most individual liability for work-related claims, the failure to do business with an authorized insurer can leave your business individually exposed to worker injury claims. You should contact the Department of Insurance of your State for confirmation that the insurer that you are considering is authorized to transact worker's compensation insurance business.
What is the average cost per mile to operate a car including depreciation maintenance gasoline and insurance?
50 cents per mile.
What are the toll free telephone numbers for Allstate?
If you wish to speak with an Allstate agent in your area, or Allstate insurance central, you will first visit the Allstate website where you will find various telephone numbers.
The telephone numbers of individual agents cannot be advertised in answers. WikiAnswers does not permit advertising in the body of answers.
See Sources and Related Links, further down this page, for the Allstate website.
What is no-fault insurance?
In the U.S.A. Many states have implemented a hybrid policy type they refer to as "No Fault Coverage", but the term is actually only applicable to first party medical coverage for sustained injuries in an auto Accident. So the "No Fault" indication is not applicable to the entirety of the coverage offered by the policy.
There is no true all "No Fault" auto insurance policy in the united States even though a state may say that it is a no fault state.
A more appropriate term for the no fault statutes has been proposed, "First Party Medical" rather than the term "no fault" which can be somewhat misleading to the general public.No-Fault Insurance"No-fault" insurance refers to medical coverage which you are required by state law to carry on your automobile insurance. Not all states have "no-fault" statutes, though almost all insurance companies sell some type of medical coverage for their auto policies. Basically, if you have an accident, regardless of whether or not you are at-fault, your own auto insurance must pay a portion of your medical bills. The "no-fault" part comes from the fact that even though someone, say, plowed into the rear of your car while you were stopped at a red light, your own carrier must pick up the ambulance, hospital, rehabilitation, etc. Some states allow "no-fault" insurance carriers to go after the at-fault party, but this varies too much to discuss here and it's also relatively rare. Typically it's based on the amount of the medical bills or the weight of the at-fault party's vehicle. Many people who live in "no-fault" states often believe they can prohibit their carrier from paying their bills (with the assumption that they don't want any payments made under their policy in case their rates go up). This isn't the case. Much like worker's comp, "no-fault" medical coverage is primary, and the first-party insurance carrier must pay it. Finally, many people who know they live in a "no-fault" state often believe this has something to do with physical damage to a vehicle and liability. That's not true. "No-fault" relates only to the medical coverage. If someone hits your vehicle, and he's at-fault, he is still legally liable to pay for the damages to your vehicle. AnswerA note on Michigan "No Fault" Auto Insurance: It had to be sold politically so a lot of effort went into demonizing the legal profession along with those who were either under insured or non-insured, and when it went into effect in 1973 It featured Mandatory Participation, resulting in a higher margin for the underwriters, which was supposed to (theoretically) lower premiums. A Liability Limitation was also supposed to do the same, but in fact in resulted in the exact opposite: Michigan has the highest auto insurance rates in the country. When the Michigan Insurance Industry lobbied long and hard for "no fault", it sure wasn't for the benefit of the auto owner. Also, the state stepped in to play the citizens advocate role by supposedly acting as a watchdog over the industry, so of course the employment opportunities at the Michigan State Insurance Commission rose significantly. In short, the "no fault" law in Michigan really should have been called The Michigan Public Employee and Auto Insurance Agency Benefit Act. Wiki Answer witNo-fault insurance doesn't mean the insurance company lets you off the hook if you cause an accident. Despite the misleading name, it does matter who caused the accident.
How much does the cheapest car insurance cost?
In addition to the foregoing suggestion, consider this: Cheapest, in the sense of lowest cost, is not always the best, and may even end up being more expensive. One of the main things that you should consider in buying insurance is the quality of the claims service-that is, responsiveness, objective fairness in settling a claim and similar issues. It is not worth a bargain-basement premium if you cannot call upon the insurer when needed and get the claim handled promptly.
Are you covered by a family member's insurance when driving their car?
Insurance Coverage. The answer below is incomplete. It is true that you should check with your carrier, but keep in mind, their answer will normally will result in getting more premium. With State Farm and Allstate you as a policyholder will always be covered, unless an excluded driver uses your vehicle. Otherwise you will be covered. If the driver who is involved in the accident lives in your home they will add the driver onto your policy, or exclude them in the future after the accident, regardless of who is at fault. If you are a new policyholder, you must disclose all drivers living in the household at the time you are purchasing the auto insurance, or run the risk of fraud. Autoclub will lower your liability to the state min. which is 15000/30000, regardless of what limits you have and are paying for. Mercury will try and get out of paying the claim until they get tired of you pushing them.
Mercury has to be one of the worst insurance companies one could have in the state of Ca.
The answer lies with your insurance company. If indeed they consider you an authorized driver/operator, they will be happy to provide a document to that effect. I think, however, that you will not be covered without being added to the policy by name. Everyone in my home that drives on our insurance has a card that states this.
More opinions and answers from other FAQ Farmers:
- You have to check with your agent. Some companies such as Mercury, require that everyone in a household be listed as a rated driver or an an excluded person including small children.
- There are several factors that need to be considered. "Family member" is a term rarely used on an automobile policy. My brother who lives across the country and probably doesn't even know the color of my car is a family member, but he MAY NOT be covered to drive my car. On the other hand, if he came to visit, borrowed my car and had an accident for which he is liable, those damages would likely be covered. Look for the term "resident relative" in your policy. That will dictate coverage questions for family members living within the same residence. The key here: is there someone either residing in your household or related to you and driving your vehicle frequently enough that they should be 'rated' so that your premium payment accurately covers your probable risk? (i.e., you may have a child that attends college away from home, but returns on major holidays and summer breaks.... you may have a sibling, down on their luck, waiting for finances to improve, but staying with you and using your vehicle to get to job interviews.) If you have non-standard coverage, the carrier will likely require you to list everyone in the household; those who do not have a valid drivers' license, or do not meet their underwriting criteria, will be specifically excluded.
The comments about Mercury Insurance and state limits are misleading. Not every state has the same minimum limits.
If you are carrying named driver limited lines coverage, 'covered drivers' takes on an entirely different meaning than on a standard policy form. On a standard policy form, nearly any licensed driver that drives your 'listed' vehicle WITH YOUR PERMISSION, is 'covered' while they are driving it barring insurance risk concealment fraud.
Generally, though there may be exceptions state to state or company to company, on a named driver policy, ONLY the 'listed' drivers are covered.
In Wisconsin, anyone to whom you give permission to drive your car is covered by your insurance. You can not exclude any driver here. The bottom line is, you need to check with an agent you trust in your state because the laws about who is hidden covered and who is not vary dramatically state to state.
How much does title insurance cost?
Title insurance rates vary from state to state and market to market. In some states, the fees are set by the AGENT, and are market competitive -- they may be negotiated by the Agent. In other states, the rates and fees are regulated by that state's Department of Insurance and the fees may not be negotiated - higher or lower than the regulated fees. In both cases, the premium fees are calculated on a per $1000 rate. That rate is then based on whether the transaction is a "basic" rate, "re-issue" rate, "refinance" rate or "new construction" rate. Basic rate covers a policy issued on a Purchase transaction and usually calculated on the Purchase Price and the Mortgage Amount. Re-Issue rate covers a policy issued on a Purchase transaction and whether or not the Sellers can provide backtitle to the Buyers. The back title criteria is typically based on how old the Sellers' Owner's Policy is. (Usually a lower per $1000 rate than basic) Refinance rate covers a policy issued to the current owner on a Mortgage loan. Depending on the state, the previous mortgage amount may have a bearing on how the rate is calculated.(Usually a lower per $1000 rate than basic) New construction rates covers the builder during the construction of the property, before the construction is complete. (Usually a significantly lower rate than basic since the property is not a fully finished home/building during the time of coverage.) New construction rates do NOT cover a buyer purchasing a completed home from the builder, only the time the home is BEING constructed and covering the builder.
Do you have to get insurance after your license?
If you live in a household with an automobile that you use at all or plan on using ever, you would need to get insurance. For example, if you live with your parents and your parents are insured, you would still need to get your own insurance in order to drive their cars.
If you do not, you can still drive other people's cars under most circumstances without insurance, you would be covered under the car owner's insurance assuming you use their car with their consent.
For a second example, imagine you live with roommates, and one of them lets you borrow their car on occasion. As long as they are insured, you would be fine to use their car.
Is Fuerteventura part of Europe for holiday insurance purposes?
Fuerteventura is part of Spain, which is member of EU, so indeed, you just need insurance for Europe (European Union).
How does a speeding ticket affect your auto insurance?
- If you are over twenty five and this is the only ticket on your record in the last three years it will make little difference on your auto insurance rates. Insurance companies do not necessarily review your driving record every year. It is checked when you first apply and then it depends on the policy of that particular company.
- The problems will start with your second ticket. That is why it is important to keep any and all tickets off your record. Many states will allow you to take traffic school or they have a deferment program.
- Check the laws in your state to see what options are available. In most cases just showing up on your court date will allow you to negotiate for a reduction in the fine and points.
- If you drive a company vehicle or have a CDL license it is very important to keep your driving record clean because the records of these drivers are checked every year.
- As a general rule you can expect one four point ticket to increase your insurance premiums by at least 50% for each of the next three years. In many cases it is cost effective to retain an attorney to contest the ticket.
- There are too many individual factors to predict how much, if any, this one speeding ticket will increase the insurance premiums for the entire family. It depends on the number of cars, number of drivers and their MVR's, the insurance carrier, previous losses and state law. Many insurance companies will not check your MVR every year unless there is a change to the policy. If they do not check, then your rates will not change. Typically insurance companies only check high risk drivers and those who drive a company vehicle every year.
I'd also add that it entirely depends on which conviction you receive. Depending on your situation you could receive a more serious conviction or receive a lesser one.
Visit the Related Links for a list of all convictions and the points (seriousness) of each conviction for the UK.
Who offers malpractice insurance for tattoo shops?
You'll need to shop around in your the State or province in which your Tattoo Shop is located.
Tattoo shops pose a unique risk to insurers. Many companies will consider them a high risk business so you may have to make a lot of calls before you find coverage.
One Market that may be able to provide insurance coverage for you could be Lloyd's of London. Try looking for an agent that has access to London Markets.
What is variable universal life insurance?
Variable universal life insurance combines the flexibility of a universal life insurance with the investment account features of a variable life insurance.
Like variable life insurance, variable universal is considered a security. It can only be sold by agents who have passed the National Association of Securities Dealers (NASD) exam.
Variable life insurance allows you to control your portfolio of investments that is part of the cash value component of a whole life insurance policy. This could include stocks, bonds, or funds. As a result of this freedom, this is the most expensive type of insurance available in the market. Opt for such a policy only if you are completely confident about investing in the markets. While the risks may obviously be higher as there is no guarantee on your savings, the value benefits are also much more than any other insurance policy available.
Variable Universal Life insurance is permanent life insurance that has a cash value feature in it. The cash value is invested in a small selection of portfolios. Since it is invested, there is no guarantee interest and it may lose value. When you pay your premiums, you are paying for three things: The insurance, the cash value, and investment fees. If you know anything about mutual funds, mutual funds have their own annual operating expenses. Since these mutual funds are invested in a life insurance policy, you are paying more than 5% of annual expenses. Therefore, you will get a low rate of return on your cash value.
Every year, the cost of the insurance goes up. The insurance part of the policy is annual renewable term. That means more of your premiums is going to the insurance and less toward the cash value. Eventually, you will have to pay higher premiums in the future. If you don't, the policy will eventually lapse as the cash value is depleted.
How do insurance companies define sports cars?
They usually go by horsepower, stock and aftermarket modifications (i.e. turbo or superchargers), etc. They will usually know if you have a sports car or not. You can also have a car classified as rare or collectable that might be a sports car. If a car has two doors its almost always classified as a sports car no matter what. Also if the car is equipped with a manual transmission its also most likely a sports car. It also depends how on the replacement cost of the auto and location.
Insuring sports cars has always been a niche market, so it more often than not pays to do your homework and contact the specialist companies rather than the general insurers. If you have a classic sports car in mind, there are a specialist companies for these vehicles too.
- I drive a '94 T-Bird. Some companies say it's a sports car (with the V6? Yeah right), some luxury (almost passes as that), and some just as a plain old car.
- I have a Firebird, 2 doors, manual and it's still not considered a sports car.
- I have a 2 door 2004 Dodge Stratus SXT that is only a 4-cylinder but rated a 19 which is a sports car rating with high premiums.
Who is Actress in Standard Insurance Commercial?
She is the owner of the company.
How much does it cost to get post office insurance?
The cost of post office insurance varies depending on the amount of insurance you wish to place on what you are sending and whether you are sending something standard or express. The United States Postal Service charges anywhere from $1.80 to $4.75 (plus $1.05 for every $100 over $300) for insurance on domestic deliveries, and anywhere from $0.00 to $2.20 (plus $1.45 for every $500 over $500) on express deliveries.
How do you make medicaid your primary insurance?
You don't. Because it is a form of public assistance, Medicaid is always the payor of last resort.