by Guest » Sat Mar 01, 2008 04:40 am
What if I have an accident in a different state other than where I'm licensed. Are the coverage limits on the state where I had the accident or where I am from? also, do I have to disclose this information?
Posted: Sat Mar 01, 2008 02:50 am Post Subject:
On the underinsured motorist coverage...If you have to access your own policy what are you allowed to use your own underinsurance for? Medical? loss wages? pain and suffering? What exactly can it take care of?
Posted: Sat Mar 01, 2008 04:50 am Post Subject:
Polices have "Out of State Coverage" sections. Basically they state that the policy will abide by local laws. So if the state you are in requires higher limits then you have, the policy will provide those higher limits. The policy will not offer lower limits then you have.
You only have to disclose liability limits if 1) you've been involved in an accident, 2) the injured party asks what the limits are and 3) the state requires this disclosure. I don't think this is why you were asking. You don't have to disclose limit information unless a judge asks _you_. In all other situations, you do not and your insurance company should handle any issues.
Posted: Sat Mar 01, 2008 05:59 am Post Subject:
IMO if you are in an accident, you only have to share your insurance information, name and address with the other-party involved. Normally, you are not required to disclose your coverage limit to the other party under any circumstances. However, I'm not sure if TX has some different law regrading this, you better check out with the state dept. of insurance for complete information.
Posted: Sat Mar 01, 2008 03:36 pm Post Subject:
All policys must conform to the statutes of the states they are driven into (and wrecked) for instance you have a MO policy MO is pure comparative negl. you drive across the bridge into KS which is modified no fault PIP and have a wreck, your MO policy is now a KS no fault policy...
If you mean do you have to disclose that you have an out of state policy, who to? And yes, it would be in your best interest to let the ins carrier know, because there are many times when you would get the 'best' from both policys...I'm not sure what you mean by that for sure. Personally I wouldn't disclose my limits to anyone (except a very rare occurance when I knew it was a limits claim)....
Posted: Tue Mar 04, 2008 02:43 am Post Subject:
Lori said:
All policys must conform to the statutes of the states they are driven into
tcope said:
Polices have "Out of State Coverage" sections. Basically they state that the policy will abide by local laws. So if the state you are in requires higher limits then you have, the policy will provide those higher limits. The policy will not offer lower limits then you have.
As normal, right on target. Look in your policy for the provision entitled "Conformity With State Statutes" and you'll confirm what you've read here.
InsTeacher 8)
Posted: Tue Mar 25, 2008 11:47 pm Post Subject:
You can learn alot if you actually sit down and read through your policy.
Posted: Wed Mar 26, 2008 12:27 am Post Subject:
Actually, you should never disclose your liability limits. If they ave to be disclosed, let the claims office do that.
Posted: Sun Mar 29, 2009 04:22 am Post Subject:
just take out your insurance policy and read up about 'out of state coverage'. this can get you very far in knowing more about your insurance policy, and maybe you can find out some interesting facts that you never knew. just a bit of reading can go a looooong way...
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