- What does collision insurance pay for?
- Does general liability cover lawsuits?
- What does general liability cover?
- Can someone not on my insurance drive my car?
- What happens if someone not on my insurance wrecks my car?
- When should you not have collision insurance?
- How much does insurance cover in an accident?
- Does liability insurance cover my car if someone hits me?
- What happens if someone hits my car and I only have liability?
- How much does general liability insurance cover?
- Why do you need general liability insurance?
- Can I drive my parents car if I am not on their insurance?
- How does insurance work if someone else drives my car?
- Is it better to have comprehensive or collision insurance?
What does collision insurance pay for?
Collision insurance is a coverage that helps pay to repair or replace your car if it’s damaged in an accident with another vehicle or object, such as a fence or a tree.
If you’re leasing or financing your car, collision coverage is typically required by the lender..
Does general liability cover lawsuits?
General liability insurance covers common lawsuits that arise from everyday business activities. It protects against customer injuries, damaged customer property, and accusations of defamation and copyright infringement.
What does general liability cover?
What is General Liability insurance? Claims for medical costs and damages that result from an injury or illness caused by your business. Claims for physical loss, destruction or damage to tangible property caused by your business.
Can someone not on my insurance drive my car?
Most car insurance policies will cover drivers you’ve listed on the policy, or anyone whom you give permission to drive your car, says Nolo.com. This means your insurance will likely cover another driver in the event of an accident, as long as they had your permission to drive your vehicle.
What happens if someone not on my insurance wrecks my car?
In most cases, if you give permission to someone else to drive your car (making them a permissive driver) and they cause an accident, your insurance will cover the costs. … If the person who was driving your car doesn’t have their own insurance, they may be on the hook financially for damages to the other party.
When should you not have collision insurance?
A general rule of thumb is that you can think about dropping collision insurance if the premium exceeds 10% of your car’s value, so it’s possible that collision coverage might not be worth it on an old car that isn’t worth much.
How much does insurance cover in an accident?
The amount of liability coverage in a policy is usually expressed as three numbers — for example, 100/300/50 which includes: $100,000 bodily injury for each person in an accident. $300,000 for bodily injury per accident. $50,000 for property damage per accident.
Does liability insurance cover my car if someone hits me?
The answer to this question will depend upon the severity of the accident. 1. … If your friend gets involved in an accident that results in serious bodily injury to others and extensive property damage, your car insurance policy will only cover the property damage caused by your vehicle and not the third-party injuries.
What happens if someone hits my car and I only have liability?
What happens if someone hits my car and I only have liability insurance? If someone else is at fault in an accident, you’ll be covered under the other driver’s liability insurance policy.
How much does general liability insurance cover?
The most popular general liability policy is the $1 million / $2 million policy. This includes: $1 million occurrence limit. While the policy is active, the insurer will pay up to $1 million to cover any single claim.
Why do you need general liability insurance?
General Liability insurance protects business owners from third party claims of bodily injury and property damage. It helps to cover the cost of medical attention and damages to property during business.
Can I drive my parents car if I am not on their insurance?
Unfortunately, your parents will need to add you to their policy. You cannot just drive their cars without insurance (even if the cars are insured). … If you live under the same roof as them, and drive the car, yet aren’t a policy holder and get into an accident, you won’t be covered.
How does insurance work if someone else drives my car?
Typically, even if the person driving your car has his or her own insurance, your insurance will be the primary payer for damages caused by your vehicle; but, the person driving your car has to be found legally at fault before your insurance will pay.
Is it better to have comprehensive or collision insurance?
Collision coverage pays for your vehicle’s damage if you hit an object or another car. Comprehensive insurance pays for non-crash damage, such as weather and fire damage. It also pays for car theft and damage from collisions with animals.