Tuesday, 8 February 2011

Minimum auto insurance may not be sufficient

They and their family members are listed in the policy also covered when driving someone else's car with their permission.

It is important to have adequate liability insurance, because if you are involved in a serious accident could, for a large sum of money to sue. Definitely buying more than the minimum required by the state, to protect your home and savings deposits.

Oklahoma has strict liability laws have valid car insurance, and does not respect file, or proof of insurance to a law enforcement or application, fines of up result "$ 250, 30 days in prison or both. If this happens, the result is the suspension of license and vehicle registration (license plate suspension) in collisions involving personal injury or property damage of $ 300 or more.

"Liability" means, as a pilot, you are legally and financially responsible for any injury, death or property damage your vehicle in a collision. All drivers and vehicle owners from Oklahoma is required by law to carry a minimum coverage: $ 25,000 for injury or death of a person, $ 50,000 for injury or death of two or more persons and $ 25,000

Damage to property - "25/50/25.". What was called "10/20/10"

Almost everyone needs insurance when the state requires that accidents are usually more expensive than the minimum. If you are covered legally responsible for bills for your insurance, you pay the difference out of pocket. Taking into account that an accident can cost an injury on the field, at least 100/300/100 coverage, says the institute.

"Take your" proof of insurance (form of security check) in their car. By law you have the police or the Department of Public Safety, when you point demand, "said Driver Handbook 2010 from Oklahoma." If you are in a collision, you must demonstrate, involved liability insurance the other driver and other people. You must drive to the control of information security and other drivers to the full name, driver's license number and date of birth for the driver and owner for his own protection. "

Talk to your agent or company representative to purchase higher liability limits to be your financial situation. The purchase of a comprehensive policy or excess liability insurance pays if your base is exhausted. This policy costs $ 200 to $ 300 per year for a million dollars range. If you have your owner and car insurance with the same company, check the cost of expanding coverage of this first company. If you have a coverage with different companies, first check with your insurance car.

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