General Insurance
What kind of insurance do you need if you'll be using your personal car for work?
If she plans on using a vehicle for business-use and transport people to and from different locations, most personal auto plans will not accept the risk if they know the vehicle was used for work purposes and not disclosed. She'll need to look into a commercial policy or, if available, adjust her current personal auto policy.
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General Insurance
How much car insurance coverage do I need and should I get umbrella insurance?
We generally recommend basing your liability needs on your assets. From the information you've given, I would say that maxing out your liability limits and getting an umbrella policy is probably a wise decision since you own your home and vehicles and have a high net worth.
Car Insurance Costs
General Insurance
As a co-borrower on a car loan, what happens if the insurance payments aren't made?
The policy would cancel if she doesn't pay the premiums. Legally speaking, this wouldn't have an effect on you if you're a non-driver. However, if the vehicle is found to be without insurance, the finance company could repo the vehicle or force place insurance on it
Car Insurance Costs
General Insurance
My insurance company sent me a non-renewal notice. Will this affect my premiums going forward?
If they are non-renewing for an unsigned app, you should be able to contact them and get that resolved. If you don't want to stay with them, I would still finish the term and move on to a different insurer.
General Insurance
If my vehicles are all insured, can I get uninsured motorist coverage on just one car?
Uninsured and underinsured bodily injury coverage is a policy-wide coverage. If you add it to one vehicle, it will be on all of them.
Eligibility
General Insurance
Can I be listed on my boyfriend's car insurance?
If you both reside at the same address you should have no problem getting added to the same plan as your boyfriend. While this could possibly raise the rate that he is currently paying, it will likely come out as cheaper on the whole.
Car Insurance Costs
General Insurance
If I've been paying for an SR-22 that I didn't actually need, will the car insurance company pay me back?
Sorry to hear about your situation. Chances are, you can get reimbursed if the SR-22 is deemed to have been unnecessary.
General Insurance
Can force-placed car insurance be removed on a car that does not work?
Most loan terms require that the financed vehicle must carry the comp and collision coverage. Even if the vehicle is broken-down and non-functioning, you still have to follow the stipulations set by your lienholder.
General Insurance
If the repair costs more than the car without an accident, will it still get totaled?
Your insurance company will never get involved in helping you repair your vehicle if there was no accident or other loss that caused the damage. Since there was no accident, you are on the hook for paying for your vehicle's repairs.
General Insurance
Can a lender dictate what my deductible is?
Unfortunately, the terms of your loan can dictate what your coverage deductibles must be. Your lienholder may not necessarily notice right away if you change your deductible, but if they catch on they will add force-placed insurance, also known as collateral protection insurance, as a part of your monthly payments.
General Insurance
Should my husband and I have separate auto insurance policies?
If your husband is able to get a cheaper quote due to his cleaner driving history, it would be a good decision to have separate policies. I would suggest you shop around for quotes as well to see if you can get a lower rate.