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Demo INS002FL Pass Prep
Personal Automobile
Personal Automobile: 1-55
Personal Automobile: 1-55
Completion requirements
In what way is Automobile Insurance regarded?
Generally "as the most important of the property and liability insurance lines".
Personal Auto Policy and Business Auto Policy (including Business Auto, Garage and Truckers forms)
In addition to a State's Financial Responsibilities Law, it is usually accepted that " if, at the time of an accident there is auto liability insurance in effect with limits of not less than (minimum coverage required by the state), the law's requirements are satisfied.
Only 11 states have no-fault laws and no 2 are alike. Generally they attempt to substitute a system of benefits payable by one's own insurer and usually requires that PIP (Personal Injury Protection) insurance be carried by the owners of motor vehicles.
