|What is auto insurance?
Drivers purchase auto insurance for vehicles such as trucks or cars to protect them from losses that may occur when they are driving them.
Am I required to purchase auto insurance if I own a vehicle?
If you drive a vehicle in the USA or Canada, you are legally required to purchase auto insurance.
What is the main reason for requiring auto insurance?
Auto insurance provides drivers with peace of mind, as well as financial security if they are ever involved in an accident.
Can my insurance company cancel my auto policy?
Yes, if you fail to pay your premium or if your license has been revoked or suspended during the term of the policy, your company can cancel your policy.
How do I know the minimum amount of liability insurance required?
Although all drivers require a minimum amount of liability insurance, the amount varies from state to state. Therefore, you need to contact your insurance provider to find out the exact amount in your area.
Will the amount of depreciation of my vehicle affect my coverage?
Yes, your insurance provider will pay you less if you are driving an older car with a lot of mileage that is totaled in an accident.
Will I be covered by my insurance company if I am sued?
Your insurance company will cover you up to the amount specified in your liability insurance if you or another individual driving your car ends up injuring someone or causing property damage.
Will other people be covered if they drive my car?
Any person who has permission to drive your car is generally covered. This is why you should list any individuals who regularly drive your vehicle on your policy.
Will my insurance provider investigate any cases of potential fraud?
Yes, your insurance company will attempt to identify and address any possible fraudulent claims. Therefore, you should contact your company immediately if you suspect fraud.
Who is responsible for a mistake on my insurance forms?
This depends on your particular insurance provider. However, most auto insurance companies allow a grace period of 15 to 30 days for adding a new vehicle. If your policy was cancelled or has expired, you may not quality for coverage.
Can my company refuse to renew my policy if I have too many claims?
Yes, your insurance company can refuse you if you have made as little as one claim, regardless of the dollar amount. However, your insurance provider is required to give you 30-days notice and an exact reason why there are refusing to renew your policy.
Will I receive a refund if my policy is cancelled?
You will be entitled to a refund of the unused portion of your premium if your auto insurance policy is cancelled before expiration of the time you have paid premiums.
What will uninsured motorist coverage cover?
Uninsured motorist coverage will protect you from hit-and-run drivers, and it will cover you for any injuries you sustain while driving or as a pedestrian. It applies to bodily injury only and will not cover any damage to your vehicle.