Who is insured?
Car insurance covers the vehicle and drivers. It generally refers to the main user as the primary driver of the vehicle and others, such as occasional drivers. To determine the premium, the insurer will consider experience loss of principal conductor and that of other drivers.
Your son drove your car? It must be said to your insurer to avoid complication time of a claim.
- An insurance broker: broker offers products companies with which it has agreements;
- An insurance agent: the agent works for an insurance company in particular.
Before deciding to deal with one or the other it is recommended to take into account the price and the products offered and the quality of service.
All owners of a car are required to take liability insurance of at least 50,000 $. This is what is called formerly “be assured of an edge.” This insurance provides protection covering:
- Damages resulting from a collision when the insured is not responsible for the accident;
- Damage and injury if an accident occurs outside the U.S.A;
- Damage to others for which the insured is liable.
Consumers often choose the amount of insurance liability of one million dollars.
On payment of an additional sum, you can also add various endorsements (additional protection) to your cheap no deposit insurance contract. Here are the most popular.
Change in compensation
Commonly called “new value”, this amendment provides compensation without calculating depreciation. In case of partial loss or total the insurer will determine what it will cost to repair or replace your vehicle whole or damaged parts, regardless of impairment.
Car rental short term
This endorsement will cover the expenses necessary to rent a car during a specified period during which your vehicle will be repaired or replaced.
Damage to vehicles not owned by the insured
This amendment will protect you in case of damage to a vehicle rented or borrowed. It is often cheaper than the insurance offered by the landlord.
Originally posted 2013-04-16 16:27:49.