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Posted by on April 1, 2008, 3:38 pm
> trad...@optonline.net wrote:
> >> You insure the car, not the driver. Better read it closer.
>
> > Obviously you don't have a clue here. =A0 Vehicles don't cause
> > accidents, people do. =A0As Kurt pointed out, almost all policies cover
> > the policy holder for liability, regardless of who's car they happens
> > to be driving. =A0 That means if I borrow someone's car and cause an
> > accident, my insurance company will cover me to the limits of my
> > policy for damage and injuries I caused to the vehicle I hit. =A0 This
> > only makes sense. =A0 You think I want to get behind the wheel of
> > someone else's car, say while sharing driving on a trip, have an
> > accident, and then find out they only have the minimal coverage and
> > the accident exceeds that? =A0 Or that they let the policy lapse and
> > have no insurance? =A0 I don't care about that, because MY policy
> > protects me.
>
> > Now, if you have collision coverage on your car, in most cases, that
> > coverage may not extend to another vehicle you happen to be driving.
>
> It seems to me that the insurance industry gets to have it both ways. =A0I=
t
> would make sense (to most people I think) for liability coverage to follow=
> the driver and collision/comprehensive coverage to follow the car.
That's how it works in most cases.
>
> BUT...if I own four cars and have collision/comprehensive coverage on NONE=
> of them I still have to obtain (and pay for) four policies. =A0Why is this=
the
> case? =A0I can only be behind the wheel of one car at a time.
The insurance company assumes, with some validity, that if you have 4
cars, there are more drivers than just you and there is more
driving. I would agree that there should be a policy that only
protects one driver.
>
> Also I was hit several years ago while borrowing my sister-in-law's car. =
=A0It
> was HER insurance company that got involved, not mine. =A0These would seem=
to
> indicate that the coverage follows the car, not the driver.
The key here is that YOU were hit. Had you hit a bus full of nuns,
the situation would be radically different. They could have come
after YOU and your SIL.
>
> BUT...if a four driver household has only one vehicle they still need a
> policy for each of the drivers, not just one (right?).
No, they need a policy for the one vehicle. Along the way, they will
disclose that there are 4 drivers regularly using the vehicle. The
policy will then cover the owner.
=A0And that seems to
> indicate that the coverage follows the driver and not the car.
No.
>
> Bottom line is that whatever situation causes the insurance company to
> collect the most money seems to be the rule.- Hide quoted text -
>
> - Show quoted text -
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Posted by on April 1, 2008, 5:28 pm
In article <17384963-e8ae-47bd-8c66-cc46fec967c2
@s13g2000prd.googlegroups.com>, trader4@optonline.net says...
> > BUT...if I own four cars and have collision/comprehensive coverage on NONE=
>
> > of them I still have to obtain (and pay for) four policies. =A0Why is this=
> the
> > case? =A0I can only be behind the wheel of one car at a time.
>
> The insurance company assumes, with some validity, that if you have 4
> cars, there are more drivers than just you and there is more
> driving. I would agree that there should be a policy that only
> protects one driver.
There are many options available for this.
From most companies, you can insure all four vehicles, rate one of them
as the one you drive regularly, and insure the other three at reduced
rates as rarely-driven vehicles.
Some companies will allow you to keep liability coverage on just one
vehicle, and keep the others "laid up," not in use, and put liability
coverage on them only when you're actually using them. The liability
rate is higher per day, but you only pay for it when you're using it.
Some specialty insurers do have liability-only coverage that follows the
driver in any owned or non-owned vehicle.
> > BUT...if a four driver household has only one vehicle they still need a
> > policy for each of the drivers, not just one (right?).
>
> No, they need a policy for the one vehicle. Along the way, they will
> disclose that there are 4 drivers regularly using the vehicle. The
> policy will then cover the owner.
If the four drivers are all disclosed to the insurance company, and are
all rated on the vehicle, then the policy can be written to cover all
four of the drivers, not just the owner. The four drivers will have
liability coverage when they drive other vehicles, too, *except*,
generally, vehicles they have regular access to. (In other words, if
you borrow your friend's car occasionally, you're generally covered. If
your friend lets you borrow the car for six months and keep it parked at
your house, you should check with your agent about getting non-owner
coverage on that car.)
Disclaimer: I am not your insurance agent, I haven'r read your policy,
coverage varies by company, policy, state, etc.
--
josh@phred.org is Joshua Putnam
<http://www.phred.org/~josh/>
Braze your own bicycle frames. See
<http://www.phred.org/~josh/build/build.html>
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Posted by Don Klipstein on April 1, 2008, 8:01 pm
>trader4@optonline.net wrote:
>>> You insure the car, not the driver. Better read it closer.
>>>
>>
>> Obviously you don't have a clue here. Vehicles don't cause
>> accidents, people do. As Kurt pointed out, almost all policies cover
>> the policy holder for liability, regardless of who's car they happens
>> to be driving. That means if I borrow someone's car and cause an
>> accident, my insurance company will cover me to the limits of my
>> policy for damage and injuries I caused to the vehicle I hit. This
>> only makes sense. You think I want to get behind the wheel of
>> someone else's car, say while sharing driving on a trip, have an
>> accident, and then find out they only have the minimal coverage and
>> the accident exceeds that? Or that they let the policy lapse and
>> have no insurance? I don't care about that, because MY policy
>> protects me.
>>
>> Now, if you have collision coverage on your car, in most cases, that
>> coverage may not extend to another vehicle you happen to be driving.
>
>It seems to me that the insurance industry gets to have it both ways. It
>would make sense (to most people I think) for liability coverage to follow
>the driver and collision/comprehensive coverage to follow the car.
>
>BUT...if I own four cars and have collision/comprehensive coverage on NONE
>of them I still have to obtain (and pay for) four policies. Why is this the
>case? I can only be behind the wheel of one car at a time.
>
>Also I was hit several years ago while borrowing my sister-in-law's car. It
>was HER insurance company that got involved, not mine. These would seem to
>indicate that the coverage follows the car, not the driver.
>
>BUT...if a four driver household has only one vehicle they still need a
>policy for each of the drivers, not just one (right?). And that seems to
>indicate that the coverage follows the driver and not the car.
My experience indicates that what is required in this case is a single
policy with a higher rate for having extra drivers in the household.
>Bottom line is that whatever situation causes the insurance company to
>collect the most money seems to be the rule.
- Don Klipstein (don@misty.com)
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Posted by Don Klipstein on March 31, 2008, 8:32 pm
techman41973@yahoo.com wrote:
>A few times a year I rent a truck from uhaul to remove large items
>from my house or when I need to transport something large. They charge
>$15 a day for minimum insurance (covers the truck only), $30 a day
>covers truck and damage to other property.
>I am just wondering how many people pay the extra $$ for insurance
>when renting trucks from u-haul (not for long distance moves, just 1-
>day use).
If you have car insurance, check the policy to see if you're covered for
your liability while driving a rental vehicle.
If not, then if you hit someone or hit property, they can go after you.
I imagine they would sue both you and the truck rental company - to hit
you with a judgement, and get something from the truck rental company if
the judgement is not satisfied by bankrupting you.
I get the optional insurance. I am not the best truck driver in the
world, due to not having much experience driving them, and often driving
them at more stressful times (moving).
If I end up making a klutzy maneuver with the truck, I would prefer to
not have my car insurance company being asked to pay for the damage and
the lawyers. If my insurance company pays a claim for a "chargeable
accident", my premium payment goes up substantially for 3 years.
- Don Klipstein (don@misty.com)
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Posted by Joseph Meehan on March 31, 2008, 9:10 pm
> A few times a year I rent a truck from uhaul to remove large items
> from my house or when I need to transport something large. They charge
> $15 a day for minimum insurance (covers the truck only), $30 a day
> covers truck and damage to other property.
> I am just wondering how many people pay the extra $$ for insurance
> when renting trucks from u-haul (not for long distance moves, just 1-
> day use).
>
As noted, check with your car insurance and even you home/apartment
insurance. You may already be covered. No need to pay twice.
Another common source is a credit card. Many credit cards will cover a
rental car, that does not mean it includes trucks, but it may well cover
them as well, check. The car rental people make a lot of money on those add
ons.
--
Joseph Meehan
Dia 's Muire duit
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