Personal and Business Auto Liability Insurance Policies
Auto liability insurance is a legal term that refers to the responsibility a person has for someone else’s loss or injury. Questions about car liability are typically settled in courts, and settlements can run into several thousands of dollars. So having an auto insurance policy with liability quote to protect you is a good idea.
Two Kinds of Automobile Liability Insurance Coverage
Commercial auto liability insurance is an important safeguard for your car. If you or an employee is sued following a serious accident, car liability insurance protects your company’s assets. Auto liability insurance policies have limits. The limit is the total amount of money the policy will pay out to cover you.There are two different kinds of liability auto policies:
Combined Single Limit policies cover damage to property and bodily injury in one policy.
Split Limit policies have separate amounts of coverage for property damage and bodily injury.
The coverage for bodily injury is also often split. You can get coverage on a maximum payment per person or maximum payment per accident basis.
Usually, the higher the limit on general liability insurance policy, the more that policy will cost you. So before you buying a liability policy, consider how much protection you need. And think about how much you can afford. Like buying any other insurance policy, you want to find a balance between your car insurance coverage needs and your budget.
Business Auto Liability Insurance is Required in Most States
Business auto liability insurance covers the financial responsibility if you or an employee is at fault in a traffic accident and people are injured or property is damaged. A minimum amount of automotive liability insurance (or proof of financial responsibility) is required in most states. Some states also require underinsured motorist and uninsured motorist coverage to protect you when the other driver at fault is unable to pay the total cost. By the way, collision and comprehensive car insurance coverage is often optional.
Is minimum commercial automobile liability coverage enough?
Minimum required auto insurance coverage varies by state, and typically is the same for both personal and commercial car liability insurance policies. Many companies opt for coverage above the minimal levels required by many states. What’s the reason? If an injured party chooses to sue for a larger amount than is covered by a minimal policy, it could seriously threaten many small businesses.
Watch the video related to insurance
In 1971, President Nixon proposed a national health insurance plan built on heavily employer private coverage. Senator Ted Kennedy proposed what would today be called a single-payer plan. In 1974, the debate had morphed into Nixon vs. Kennedy-Mills vs. Organized labor. Despite the prediction in the second clip shown, the result was stalemate rather than passage in 1974 or 1975.
Help answer the question about insurance
Can you buy auto insurance the very moment you buy a car? Do insurance companies work that quickly?Can I call an insurance company the instant I buy a car and say, "Hey, I just bought a car. I want to get insurance for it."? I think companies should do this because if I take off from the dealership without insurance, and somebody hits me on the way home, I'm in trouble, right? I looked everywhere for this information, but I couldn't find it anywhere. Could somebody clarify this issue for me?
November 12th, 2009 at 2:52 pm
insurance tips :
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November 12th, 2009 at 3:29 pm
I have seen many people on here say that you are automatically covered when your parents have full coverage, including insurance agents. This is not true of all companies. Call your insurance carrier and ask. It is a lot easier than finding out after an accident that you are not covered.
November 13th, 2009 at 6:33 am
I think you should go to the local building department (city or county) and apply for as built permits for these unpermitted structures. Although costly, it's better than Code Enforcement coming by, realizing that those additions/properties are unpermitted and going to court, seeking an injunction to have you (1) obtain as-built permits or (2) having them torn down.
It is more expensive to have Code Enforcement come in and seek relief from the courts (assuming you don't comply and apply for as built permits) because you may have to pay their attorneys' fees when they win.
I believe you apply for as built permits from the Building Department in the city. Make sure you're in the incorporated portion of the city, otherwise you'll have to go to the County Building Department.
Also, if the bank didn't know that these additions were unpermitted, you wouldn't have an recourse. Most foreclosures are sold as is and requires buyer's diligence. A title insurance policy may or may not disclose unpermitted additions (depends on the wording of the policy). As I recall, a title insurance policy only guarantees that you have marketable title to the property.
November 13th, 2009 at 10:56 am
hes got to be lying or had lawyer take his tickets to court and won!
tickets are sent to the states motor vechicle division, thats how they find out about your tickets!
TC GL
November 14th, 2009 at 3:12 am
Reagan warned of obama and his kind, and I'm not referring to his race, He is a socialist, and health care is his door opener.
http://www.youtube.com/watch?v=fRdLpem-AAs
Please forward this video to all who question the "acting" president's agenda!!!!!
November 14th, 2009 at 2:54 pm
Do you want to start an insurance company or an insurance agency? There is a difference. I'm guessing you want to start an agency because if you had the millions of dollars needed to start an insurance company you'd have the knowledge already or at least the money to hire someone who knew.
For an agency you'll need E & O insurance. Also, depending on your situation you'll need a business general liability and property coverage. You'll need business auto or at least a business classification on your auto insurance if you have vehicles. If you hire someone you'll need workman's comp and possibly health insurance, disability, etc. for the employees.
November 15th, 2009 at 6:44 pm
I didn't study for this test (haha)
1-Liability
2-Uninsured motorist if you were a pedestrian
Collision if it's a hit&run in your car
3-Risk & Loss
4-Comp & Collision
5-Driving penalties
6-All of them
November 15th, 2009 at 6:51 pm
November 16th, 2009 at 2:11 am
Some group policies at work do not care about preexisting conditions.
Some do. It is usually the private ones, not work connected that
up the rates. Probably something to do with—- if you can work, then
you probably are not too sick, or disabled, so you can be insured.
If it is a dependent child, would you need to take insurance for you
as well as the child, and what is the waiting period.
Work insurance takes a while to go into effect. You may have a rider
or whatever it is called, that will exclude treatment, or make you wait
so long to have insurance, or treatment for the preexisting condition.
I don't know for sure, you could find out some how who the employer
or potential employer uses and check it out on line or by calling the company.