What Does that Mean? Understanding Car Insurance Terms
A policy covering a vehicle or automobiles of any type, owned by an assured, might be extended to pay for his legal liability for personal injury and property damage arising away from accidents occurring while he is driving or driving every other automobile of any type not of him or by any person in his household for the next premium of 25% of the full manual premium for an X private passenger automobile within the territory involved.
An endorsement for the following effect will be used in deliberation over an additional premium of it is understood and agreed this policy is extended, susceptible to all its limitations and scenarios, to cover loss in the liability imposed legally upon the named assured.(provided he could be an individual as well as the owner of the automobile insured under this insurance policy) for damages because of bodily injuries, including death resulting whenever you want therefrom, (and also, if Property Damage is covered with this policy, for damages oil account of harm to property of others, as defined and limited within this policy) suffered or alleged to have been Buffered as the result of any accident occurring while said named assured is driving, or traveling in, any other automobile or motorcycle regardless of the sort with the permission of the person getting the right to grant such permission, except a car or motorcycle owned, entirely or in part, by the named assured or any part of his household, or registered within the name of the named assured or any part of his household. general auto insurance quotes
Omnibus Coverage Clause with the policy is hereby eliminated as respects the policy provided under this endorsement which is agreed, anything inside the policy on the contrary notwithstanding, that this endorsement will not cover and shall 't be construed to pay for the liability associated with a person, firm or corporation other than the Named Assured.
The Co-Insurance Clause from the policy is hereby eliminated as respects the protection provided under this endorsement which is understood and agreed when there exists, during the time of the accident, an insurance plan of insurance obtained by or effected with respect to anyone besides the Named Assured and under the terms of which policy the Named Assured is eligible for protection and coverage, than the endorsement shall operate only as excess insurance in addition to the amount of such valid and collectable insurance. California life insurance
An insurance policy covering a vehicle owned jointly by several individuals may be extended to offer Drive Other Cars coverage for just one or more from the joint owners. The above mentioned endorsement shall be amended to include the names with the joint owners desiring the additional coverage as well as the additional premium for each person named will be 25% of the full Manual premium to have an X private passenger automobile in the territory involved.
A policy covering a vehicle or automobiles regardless of the sort, owned by an assured, can also be extended to pay for the legal liability of 1 or more relatives of the named assured surviving in the household from the named assured, for private injury or property damage arising from accidents occurring as the relative or relatives are riding in or driving every other automobile of any type not owned by the named assured, the relative or any part of the household. The extra premium charge for every relative so covered will be 25% of the full manual premium to have an X private passenger automobile within the territory involved.