Many drivers pay for insurance without ever reading the policy. Most of the Iowa ins faqs are answered right in a policy. Here are some common questions along with general answers. For specifics, the insurance policy is the best guideline.
If drivers are sued by another driver, the insurance will cover the cost of the lawsuit up to the policy limits. The company provides a lawyer to represent the driver in lawsuits where he or she is accused of driving with negligence. Policyholders should notify the company immediately if they receive a notice of lawsuit or summons.
If an involved in an accident with an uninsured driver, they policy may specify that the collision coverage or the uninsured/underinsured motorist policy may cover the cost of repairing your vehicle. If either of these policies must pay for the damage, the policyholder will be responsible for the amount of the policy's deductible.
When friends borrow a vehicle, any accident they might have is usually covered. In addition, you are usually covered when driving a friend's car, even if it is not insured. This is one instance where the best way to know for sure is to read the fine print. Some are written to exclude anyone other than a person named in the insurance policy from coverage when driving the car.
Even if a driver is not found at fault in an accident, the company may raise the premium for coverage. Add a second not at fault accident within a short period, and the chances of an increase are even higher. Two accidents within a six month period are an indicator that the driver should be more defensive in his or her driving.
The best source of answers to one's Iowa ins faqs is the policy. While there are some general answers, the specific policy can overrule any of these specifics on the coverage.
