When you take into consideration that the average cost of medical treatment for injuries sustained in a vehicular accident exceeds $ 68,000 per person injured and the average liability costs for accidents resulting in a fatality is currently $ 3.2 million, the coverage
offered by your auto insurance policy may not seem like so much after all.
Leasing companies will often require that any possible damage to a leased vehicle be covered
by your auto insurance policy.
An optional auto insurance coverage that helps pay for your rental car expenses if an car covered
by your auto insurance policy is damaged or stolen and you need a rental car.
Most rental car agencies offer insurance for the vehicle you're renting, but be sure that you are not already covered
by your auto insurance policy or another agency.
Situations that are not covered
by your auto insurance policy.
You want to make sure you're protected, but perhaps you're already adequately covered
by your auto insurance policy, your credit card or other policies.
North Carolina law requires anyone who rents an automobile to be covered
by an auto insurance policy.
Damage to your trailer and the items in it is not covered
by your auto insurance policy.
Your trailer may be partially covered
by your auto insurance policy.
Someone broke into your car to commit the theft, so you may think the stolen item is covered
by your auto insurance policy — but that's a common misconception.
Of the goods listed above, typically only car stereos would be covered
by your auto insurance policy — and even those aren't guaranteed to be covered.
You are here: Insurance» Auto Insurance» Auto Insurance FAQ» If a friend drives my car are they covered
by my auto insurance policy?
If vehicle theft is not properly covered
by your auto insurance policy, then you need to be extra careful to make sure your vehicle is not stolen.
After cancelling your auto insurance coverage, you'll find yourself facing higher premiums and deductibles if there is any period where you are not covered
by any auto insurance policies.
Check with the company for whom you're performing work to see if you're covered
by their auto insurance policy (and, if so, to what extent).
If these expenses are not covered
by your auto insurance policy, then your assets could be the next target.
This is just one more example illustrating the importance of knowing exactly what is covered
by your auto insurance policy, and what is left as your financial responsibility.
This is very essential as it will cover for damages in case you are involved in an accident and the other person is not sufficiently covered
by an auto insurance policy.