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Automobile Insurance Options

Standard automobile insurance policies provide both required and optional coverages. In most states, auto policies must contain liability insurance that provides for payment of damages caused by the policyholder. Coverage for damages to the policyholder's auto normally is not required (although it is purchased by most automobile owners).

Insurable Interest

A beneficiary may procure insurance upon the life of an insured only if he has an insurable interest in that insured's life. The determination of whether the beneficiary has an insurable interest depends upon the nature of the relationship between the beneficiary and the insured. If the beneficiary has a valid, insurable interest, he may recover the insurance proceeds upon the insured's death. If he does not, however, the insurer may plead a lack of insurable interest and avoid liability on the policy.

Insurance Law> General Liability Insurance> Motor Vehicle Exclusions

(The Aircraft, Auto, or Watercraft Exclusion to the CGL Policy)

Rebating

What is rebating?

Underinsured and Uninsured Auto Coverage

Underinsured coverage refers to coverage available to an insured involved in an accident with a driver who has insufficient auto insurance coverage.

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