The study points out that uninsured motorist coverage becomes more of a necessity when a number
of insured drivers in the surrounding area decreases.
In fact, 76
percent of insured drivers purchase comprehensive coverage as well as liability protection while 71 percent will also buy collision coverage on top of the basic liability.
The no - fault system is when car insurance companies must pay the
expenses of insured drivers regardless of who was at fault for the accident.
Also, some states may require more extensive uninsured or underinsured motorist coverage depending on how well they keep
tabs of their insured driver population.
This type of coverage requires that the insured person be the driver and the repair and replacements costs here would be related to the
vehicle of the insured driver.
Instead
of insuring the driver for any car in which they are driving, Autonational instead covers a named vehicle, meaning whomever is driving the car, legally, when assistance is required, is instead covered under that policy.
The equivalence principle requires that the compensatory protection extended under this scheme to victims of uninsured drivers should be comparable to the level of protection available to
victims of insured drivers.
In order to maximize the number
of insured drivers on the road in West Virginia, auto insurers agreed back in 1970 to join this Plan.
The Plan seeks to maximize the
number of insured drivers on the road, while sharing the costs of covering high risk motorists among all the auto insurers in the state.
In fact, medical coverage will pay for the injuries of the passengers of the insured vehicle, the injuries
of the insured driver of another vehicle, and the injuries of the policyholder or the policyholder's family members in the event they are hit by a car.
Other Auto Insurance Coverage - Sometimes an uninsured driver will have coverage under somebody else's policy, for example, by virtue of being a dependent residing in the
household of an insured driver.
When children are severely injured in a motor vehicle accident, owing to the fact that they have greater «life expectancy» often times the damages can be enormous and way beyond the policy
limits of the insured drivers.
The arbitrator concluded that because [the claimant] was listed in the Certificate of Insurance as a driver, he fell with the
definition of an insured driver, despite being an excluded driver and was entitled to some insurance coverage.
His Lordship accepted that the MIB procedure did not provide protection equivalent to or as effective as the protection provided by the English common law in
respect of insured drivers, because of the disparity in terms of time bar for any «claim» between cl 1 (1)(f) of the agreement and the relevant provisions of the Limitation Act 1980 (LA 1980).
This can be explained in part by the Great Heck Rail Crash that cost the insurers over # 22 million in compensation for the fatalities and damage to property caused by the
actions of the insured driver of a motor vehicle that caused the disaster.
According to 2004 data from the National Association of Insurance Commissioners, 72 percent
of insured drivers carry this coverage.
In addition, The Insurance Services Office, Inc. (ISO) states that more than 20 %
of insured drivers purchase only the minimum coverage required by state law.
Drivers in Maine, Massachusetts, New York, North Dakota, and Vermont are among the highest
percentage of insured drivers, where over 94 % of the population has auto insurance.
A recent customer satisfaction survey by the Insurance Research Council found that 86 %
of insured drivers said they were happy with their coverage.
No fault insurance is also called PIP, or personal injury protection, because it puts the personal
welfare of the insured driver first, paying for immediate medical attention and then sorting out the details of who is responsible for the accident later.
Medical Payments Coverage, more commonly known as Med Pay, is a type of health insurance coverage that can safeguard the finances of injured drivers, as well as any passengers in the
vehicle of the insured driver.
The EU Directive provides that compensation schemes should treat victims of uninsured drivers no less favourably than
those of insured drivers.
Collision insurance is auto coverage that reimburses the insured for damage sustained to their personal automobile, due to the fault
of the insured driver.
Uninsured motorist liability coverage pays for the injuries and medical expenses
of the insured driver and any passengers if they are hit by a motorist without insurance.
It often includes provisions for taking care of medical or funeral expenses
of the insured driver, any passengers in the vehicle at the time of an accident, and even pedestrians who happen to be struck by the covered car while the vehicle is on the road.
This coverage pays for
all of the insured driver's medical costs and up to 85 percent of any lost income.
It's a good idea to conduct traffic background checks on
all of your insured drivers in order to secure the lowest quotes.