0
Should an insurance company charge extra for adding another vehicle?
Wiki User
∙ 17y ago
Of course. They are insuring another vehicle. The second vehicle doubles the insurance company's exposure. The fact is that all [to my knowledge] insurance companies do require additional premium for additional vehicles, for the reason stated in the 2nd sentence in Answer 1. So I have agree with the first part of Answer 1, but I still feel it CAN BE a very unfair system. I have to disagree with the part about "doubling" the exposure. That condition would only be true IF there were two drivers using the vehicles simultaneously. A single driver, owning and insuring two vehicles, would NOT DOUBLE the exposure, since one cannot drive two vehicles simultaneously.
Wiki User
∙ 17y ago
Add your answer:
Earn +20 pts
Can my license be suspended for not paying insuranc I placed on someone elses vehicle?
In most states an insurance company must report to the DMV of your state that your insurance is been canceled. This often results in your state suspending your drivers license unless you can prove that you do not have a vehicle, and that the reason your insurance was canceled was because you no longer have a vehicle. The license plate that was obtained for the vehicle must be returned to the DMV. If insurance was purchased for the vehicle from another insurance company, then you must provide proof that you have insurance from the new insurance company. If the actual owner of the vehicle bought insurance from another insurance company, then this should be easy to prove.
Can you sign a waiver stating that your auto insurance will be responsible for you while you are a passenger in a company vehicle and do you need the permission of your insurance company to do that?
If you have liability insurance your insurance should cover you while driving another vehicle with permission of the owner. The problem with a company truck is the limit of liability you might have to have.
Does the insurance company have to pay for a rental vehicle for a client until their vehicle is fixed if they have full coverage insurance?
Rental car coverage is an add-on, check your policy to see if you are covered - if there was another vehicle involved in the accident and the driver was at fault, his or her insurance should pick up the tab.
Can you register for insurance for a vehicle in another state?
You should take the policy out in the state the vehicle 'resides' in.
Whose insurance company do we report to if the vehicle that was stolen was borrowed from a friend?
You should report the theft immediately to the police and to the car owner's insurance company.
Can a company be put on auto insurance as an additional and will this satisfy personal insurance when driving the vehicle on company time?
No, the company cannot drive! If the company wants you to use your personal car for company business, they should provide insurance for that use.
If you have auto insurance get into an accident while driving someone elses vehicle will you be covered by your insurance?
You should immediately report the accident both to your own insurance company and to the vehicle owner's insurance company. Depending upon which state you are in, either one or both insurance companies is responsible.
Is it possible to find the VIN to a vehicle you no longer own?
An old insurance policy or the insurance company you had it insured with should have it on file.
Will insurance allow you to put your independent child's vehicle on your policy?
Insurance should. I would check with your information to see if your company can.
If someone with auto insurance hits your car do you still need to report to your own auto insurance?
It really depends what state you live in. Although if you have full coverage on your vehicle you should report through your company and your company will go after the other insurance company to get their money back. If you have no collision coverage for your vehicle then you will need to file with the other insurance company and they will decide who was at fault for the accident, if their insured is at fault they will repair your vehicle
What auto insurance do you bill if you where a passenger in auto accident?
You should be talking to the insurance company that insures the vehicle you were a passenger in. If it was a single vehicle accident they will be responsible but if it wasn't then the at fault drivers insurance would cover it.
What should you do if you damage an unattended vehicle.?
If you hit a vehicle that is unattended, you should first notify the police. They will let you know if they need to be present to write an accident report. After that, under one of the windshield wipers, leave a sheet of paper with the following information on it: your name, your address, your phone number, your insurance company's name, and your insurance company's claim phone number. You should then promptly notify your insurance company. (Failure to prompty notify your insurance company may jeopardize your insurance coverage.Locate the owner or leave your information on the vehicle.if you damage a unattended vehicle, you should leave your license number and proof of insurance on a note. an apology will be appreciated too.You must stop there and call a cop to report this in order to have your insurance company pay for the damage done to yours as well as to unattended vehicle.
