Not with respect to private auto insurance. However, when commercial auto insurance is involved, especially fleet coverage, there sometimes is. It is not called a deductible, but a “self-insured retention”. The insured selects an amount that it is willing to pay toward the indemnity of a third party before the insurer’s obligation to pay is triggered.
Is auto theft covered by liability insurance in Colorado?
What is the law on auto liability insurance in Tennessee?
Tennessee requires “Proof of Financial Responsibility” which can be pleased by liability insurance with minimums of 25/50/Ten. Otherwise, a bond or other assurance of capability to pay damages is required. Proof is not required at the time of vehicle registration, but penalties are incurred if proof is not provided at the time of an accident. Proof is required regardless of fault, so all parties must provide it. Most drivers opt for insurance..
If you have total coverage auto insurance and you harm another vehicle and not yours do you have to pay a deductible?
It is the liability portion of your auto policy that pays for the harm to another vehicle that you hit. There is no deductible to fix the other car.
How long does the auto insurance company have to determine liability?
I would suggest you contact your insurance commissioners office to find out if there is time limit on making a determination in your state.
What is the insurance liability for the cosigner of an auto loan?
None. A cosigner is coming in into a legally tying contract to repay the debt if the primary borrower defaults on the lending agreement. The cosigner does not have any other obligation nor ownership rights tothe property.
What happens to an auto insurance premium when a deductible is lowered?
Depending on your driving record, there may be little switch in your rate, however when you do utilize your insurer for a claim, you’ll pay less out-of-pocket..
If that is the only thing switching, decreasing the deductible will increase the premium. They have other expenses to service your policy, so the calculation isn’t this plain, but if the insurance company’s statistics predict you will submit 1 claim for $1000 harm every ten years, theoreticly they could give you free insurance if you selected a $1000 deductible since they would expect no payouts. If you lowered the deductible to $500, then they would expect to pay $500 sometime in the next ten years and would want a premium of $50 a year..
If a deductible is lowered the premium usually goes up
IF I Cosign AN auto lease WHAT ARE MY insurance liabilitIES?
well your liablites in general…depends….you can be a ‘co signer’ and NOT an proprietor ( i know this because i did this with our kids…on purpose) if you are a co holder you have the same liablity as the possessor, (ins…if accident occurs and no insurance you are held equal with proprietor)….if you are a co signer and NOT a co possessor you liablity starts and finishes with the financial responsiblity of the note…(they don’t pay then bank/company comes to you to pay the note/lease)….
How much does liability auto insurance cost?
Is there a deductible on a farm liability insurance claim?
What is liability auto insurance?
Auto insurance liability?
How do you interpolate deductible credit factors in General Liability insurance?
Is there a deductible on comprehensive auto insurance?
What is liability coverage on auto insurance?
What does auto liability insurance cover?
If you have only liability auto insurance should your insurance provider help you with a claim settlement against another insurance company after a auto accident?
What point is it safe to have just liability on your auto insurance?
Commercial property insurance – application of deductibles – does application of deductibles reduce the limit of liability afforded?
Can you get your deductible back when your auto insurance is subrogating?
What is nonowner auto liability insurance?
What is the collision deductible for in auto insurance?
What does liability auto insurance cover?
Does liability auto insurance cover your car if you hit a pole?
What is a deductible in auto insurance?
Does your auto insurance deductible cover your car and the car that you hit in an accident?
Car age or mileage when to consider auto liability insurance?
Will auto liability insurance go after a driver if they steal an auto?
What are auto insurance liability boundaries?
Is liability for auto insurance required by the state of Utah?
How much is the deductible on liability coverage for Hartford Insurance?
How is auto liability insurance different from comprehensive insurance?
Does Geico suggest good auto liability insurance?
Is there a deductible for Individual liability Insurance on a homeowners policy?
What is a dual deduction in auto insurance?
Is there a deductible on comprehensive coverage auto insurance?
Does your liability auto insurance cover you in a loaned vehicle?
What is employers non ownership auto liability insurance?
What is the average deductible for window and glass in auto insurance coverage?
Where can one get a good auto liability insurance?
Is it legal for a insurance company to auto renew an liability insurance policy in Connecticut?
What are the deductibles of auto insurance?
Where can one find liability insurance for autos in IL?
What companies suggest Auto Liability Insurance in America?
What insurance company provide auto insurance liability?
What is the difference inbetween utter coverage auto insurance and liability only insurance?
Where can you purchase cheap auto liability insurance?
Will auto shop liability insurance pay for implements if stolen?
What does the liability portion of auto insurance cover?
If i have a 750 deductible but i have total coverage auto insurance?
Do you need to buy an insurance for your motorcycle assuming you already have an auto insurance with minimum liability?