Hi Guys where i find explained ebout What is auto insurance?
Find answers to your legal question.
Hi Guys where i find explained ebout What is auto insurance?
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Hi Guys where i find explained ebout What is auto insurance?
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david
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insurance protects you against financial loss if you have an accident. It is a contract between you and the insurance company. You agree to pay the premium and the insurance company agrees to pay your losses as defined in your policy. |
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oklatom
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Any insurance agent will be happy to explain what it is. Generally it is something required if you want to drive. |
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VIRGINIA P
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You may try to google it,here http://www.InsuranceFreeTip.info/insurance-for-free.htm has some direct resource that might be helpful. |
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Hello There
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Vehicle insurance (also known as car insurance, motor insurance or auto insurance) is coverage bought for motorcars, trucks, and further vehicles. Its main purpose is to supply protection versus losses suffered as a result of road accidents and against financial obligation that might be incurred in an accident.
In the U.S.A., motor insurance covering liability for damage and property damage done to others is required in almost all states, even though enforcement of the prerequisite changes from state to state.
The state of New Hampshire, for instance, does not need motorists to carry liability insurance (the ballpark model), while in Virginia residents are required to pay the state a $500 yearly fee per vehicle if they decide not to get liability insurance. Penalizations for not buying motor insurance change by state, but oftentimes involve a considerable fine, driving license and/or registration temporary removal, in addition to potential jail time in some states.
Normally, the least mandatory by law is third party indemnity to protect third parties against the financial consequences of loss, damage or harm caused by a vehicle.
A few states, such as North Carolina, expect that a motorist purchases liability insurance before a driving license can be issued.
go here http://www.simplyinsurancequotes.com/Vehicle-Insurance-Explained.php read the whole page and you'll know further. |
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