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 Posted: Tue Sep 22, 2009 3:58 pm Post subject: what if a child has an accident in one of the parents vehicl |
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that is not insured. But the parents have other vehicles that are insured.
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| Posted: Tue Sep 22, 2009 4:42 pm Post subject: |
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| It would not be covered. Liability insurance is triggered by the vehicle in use. If your not paying a liability premium then you won't get coverage. |
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tcope
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| Posted: Tue Sep 22, 2009 4:53 pm Post subject: |
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Sorry you can not be compensated by and insurance company if you are not paying premium for the vehicle in questions.
Is this a newly acquired vehicle? if so how long have you owned it without insuring it?
Is the child listed on your policy as a driver?
If the vehicle was newly acquired you may have a chance but if it was over 30days no coverage will apply.
You may want to consider purchasing a Personal Umbrella policy since you have a young driver in the household putting your financial stability at risk. |
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Ladybradwell
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| Posted: Tue Sep 22, 2009 4:53 pm Post subject: |
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Sorry you can not be compensated by and insurance company if you are not paying premium for the vehicle in questions.
Is this a newly acquired vehicle? if so how long have you owned it without insuring it?
Is the child listed on your policy as a driver?
If the vehicle was newly acquired you may have a chance but if it was over 30days no coverage will apply.
You may want to consider purchasing a Personal Umbrella policy since you have a young driver in the household putting your financial stability at risk. |
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Ladybradwell
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| Posted: Tue Sep 22, 2009 4:58 pm Post subject: |
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| Quote: | | If the vehicle was newly acquired you may have a chance but if it was over 30days no coverage will apply. |
If it's a replacement vehicle then most personal auto policies will extend liability coverage even if the company is not informed (I say most as some carrier might modify this portion of the policy). The 30 day clause applies to comp/coll.
Good thinking! |
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tcope
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| Posted: Wed Sep 23, 2009 1:29 am Post subject: insurance |
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| Ok..I've heard of the 'Umbrella Policy'..but, what exactly is it? Should I get one, for my teen ,when he starts driving? What does it cover? |
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sdchargersfan
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| Posted: Wed Sep 23, 2009 6:34 am Post subject: |
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| Quote: | | Ok..I've heard of the 'Umbrella Policy'..but, what exactly is it |
It's when it's raining and you hold a policy over your head.
An umbrella policy provides excess liability coverage. It's excess over pretty much any liability policy you currently have.
If you have a lot of assets you might want to look into it. If it's just your teen that your worried about, I'd see about increasing your auto liability coverage. |
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tcope
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| Posted: Fri Sep 25, 2009 8:40 pm Post subject: accident |
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| You can't be compensated if the vehicle in question is not named on the policy. If it is a new vehicle there may be a 30 day grace period. |
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vshallow
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| Posted: Sat Sep 26, 2009 8:51 am Post subject: insurance |
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| TSCOPE....you said that the 'Umbrella Coverage' is extra converage. Thsi may sound strange, but,..I hope you take this as I'm asking it (cuz I just don't know..LOL). Is 'Collision Coverage' and 'Umbrella Coverage' the same TYPE of coverage? I mean....are they both 'equal' in what they cover? |
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sdchargersfan
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| Posted: Sat Sep 26, 2009 9:16 pm Post subject: |
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sdchargersfan,
Below is a Link to general information about Umbrella Insurance Policies.
I hope it answers your questions.
http://personalinsure.about.com/cs/umbrella/a/aa110503a.htm
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That's my 2¢ worth for now. ( maybe ± a couple ¢ ) 
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FK
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| Posted: Sun Sep 27, 2009 12:20 pm Post subject: insurance |
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Thanks for the link. I'm gonna look into it as soon as I can. I appriciate everyone's help in this.  |
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sdchargersfan
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