Saturday, January 5, 2013

Auto insurance - Where can I get ? A Complete details-2


Whether the insurance law is same in United states?
No. The vehicle insurance law differ with each of the 50 US states and other territories.Some states require a motor vehicle owner to carry some minimum level of liability insurance.States that do not require the vehicle owner to carry car insurance include Virginia, where an uninsured motor vehicle fee may be paid to the stat

What are the factors that will decide premium of auto insurance 
Type of covered vehicle, the age and gender of any covered drivers, their driving history, and the location where the vehicle is primarily driven and stored

What is the proof that a motor vehicle owner have particular coverage for auto insurance?
Insurance companies provide a motor vehicle owner with an insurance card for the particular coverage term which is to be kept in the vehicle in the event of a traffic collision as proof of insurance. Recently, states have started passing laws that electronic versions of proof of insurance can now be accepted by the authorities.

What is generally called Coverage?
Consumers may be protected by different levels of coverage. The coverages aredepending on which insurance policy they purchase. Drivers must carry at least liability insurance coverage to ensure that their drivers can cover the cost of damage to other people or property in the event of an accident.Automotive liability insurance covers claims against the policy holder and usually any other operator of an insured vehicle.

What do you mean by Liability coverage of Auto insurance.
Liability coverage is offered for bodily injury (BI) or property damage (PD) for which the insured driver is deemed responsible.Property damage is where an insured driver (or 1st party) drives into a Electic pole and 
damages the pole, liability coverage pays for the damage to the pole.Bodily injury is where an insured driver 
causes bodily harm to a third party and the insured driver is deemed responsible for the injuries.