Insurers may also charge higher premiums for motor vehicle owners who frequently drive across state lines. Insurers often base the premium amount on the age of the motor vehicle as well as the driving history of the insured. Some insurers may refuse to provide insurance to drivers who have had several moving violations, hit and run or accidents. However, most insurance companies offer cheaper rates to younger drivers. Be sure to shop around to find the best rates.Get the facts about Cranberry Township Auto Insurance
In many states, motorists will be required to have some type of bodily injury liability insurance. This type of auto insurance coverage protects the policy holder from lawsuits in the event they cause a personal injury to another person. The minimum amount of bodily injury liability insurance varies from state to state, so check with your local auto insurance provider to get a quote for this coverage. In most cases, the insurer will require the policy holder to purchase bodily injury liability insurance as part of a combined policy.
Collision coverage is designed to pay for repairs or replacement of the insured vehicle in the even that is damaged or stolen. The lender may require that vehicle owners take a complete coverage policy. However, there are a variety of ways to reduce your premium cost. Purchasing an anti-theft device can help lower your premium cost as can decrease your daily mileage by driving a less-than-normal amount of miles.
Based on the high rate of accidents which happen each year, it is imperative that anyone driving a car whether it is your car or a friend’s car must have an auto insurance policy even if it is the least of all insurance policies available. I strongly suggest you to visit MEY’S INSURANCE SERVICES – notary public to learn more about this.
An insurance covers the policyholder and in most cases it covers other people who use the car or the driver. However if the car gets into an accident which is not in the interest of the policyholder, or in violation with the agreement between the policyholder and the insurance company, the insurance policy will not cover the damages from such accident.
In instances where the insured vehicle gets sold to another person, the new owner is covered by the third party liability Insurance and also by the comprehensive car insurance policy (if there is any) within a period of 3 weeks after the change of ownership. When there is a new active insurance policy, all deductibles under the insurance will be paid by the new car owner.
Auto insurance does not cover damage to vehicles in company possession for purpose of sale
Depending on the car insurance policy agreement between you and your insurance company, there might not be a need for you to notify them when the terms in the policy agreement changed. The consequence of refusal to notify the insurance might be forfeiture indemnity and compensation if an accident occurs or reduction of the indemnity and compensation or lapses in the payment if indemnity and compensation. Therefore to avoid the consequences stated above, whenever there is a change in the policy information notify your insurance company immediately.
You can purchase the same auto insurance from two different insurance companies without terminating the initial insurance with the first company but when an accident occurs, the agreement in your car insurance policy will applied, and this may mean that both companies pay half is the cost for the accident each.
Another important thing to note regarding auto insurance is the deductibles which are based on the agreement in the auto insurance policy. Deductibles are deducted only once in cases of an insurance event involving both third party liability and damages under the comprehensive auto insurance.
No deductible will apply in situations such as:
1. Damages from a known liable tortfeasor
2. Damages from fire, explosion, lightening or theft
3. Damages from items falling on the car.