What Is The Minimum Auto Liability Coverage North Carolina?
Reader’s Question:
How much auto insurance coverage is required by law in the state of North Carolina?
Stewart
Cary, NC
According to the North Carolina Financial Responsibility Laws , Automobile Liability coverage should be maintained. The minimum requirements of liability auto insurance for private passenger automobile in the state of North Carolina are 30/60/25. These limits stand for $30,000 for bodily injury for one person per accident up to $60,000 and $25,000 for property damage occurring per accident.
North Carolina insurance providers and their insurance agents are required to offer Uninsured Motorist and Combined Uninsured/Underinsured Motorist coverage. If you do not want to have this coverage, it has to be rejected in writing.
Gap Insurance Coverage in Connecticut
Reader’s Question:
I have gap insurance in Fairfield, CT I wanted to know if my car continues to give me problems and return it back to the dealer to trade for a different vehicle would this be covered under the gap insurance?
Henry
Fairfield, CT
The answer is No.
Gap insurance is a type of car insurance coverage that pays the difference between your insurance settlement (from a covered loss) and your loan balance. If your primary insurance company is not paying out a settlement for a covered loss such as the vehicle being declared a total loss because of an accident then your GAP insurance will not pay out either.
If you are upside down on your car and want to trade it in, your gap insurance coverage would not be able to be used in this situation.
High Risk Insurance With SR22 – What Does It Cover?
Reader’s Question:
One of the employees had to obtain SR 22 insurance personally. We had to get a separate high risk insurance policy for her to be able to drive one of our company cars in Chicago IL. So, does her SR22 insurance policy cover her to drive any car including a company car?
Michael
Chicago IL
Generally, your employee’s insurance policy covers her when she drives other cars but as excess or secondary to the owner’s auto insurance. If her insurance would extend as secondary insurance to a company vehicle or work car would depend upon the terms and guidelines of her insurance policy and the guidelines of his insurance company.
The SR-22 insurance which is attached to her insurance is not a type of insurance but a form or certificate that the state is requiring him to have filed to prove that she is carrying the insurance on her that the state required. Typically this insurance is the state’s required liability car insurance.
Your employee can check from her insurance broker or agent to verify if her personal insurance policy would cover the company car but keep in mind that the company’s high risk insurance policy in Chicago will be primary and needs to stay on the company vehicle so that it will be properly covered.
Will Car Insurance Cost Go Up With Speeding Ticket in Illinois?
Reader’s Question:
Hi! I just received a speeding ticket out of state and I am wondering if this will make my car insurance cost go up? I have a good student discount and I would my insurance company find out about the speeding ticket or not? I got it in WI and I live in Bloomington, Illinois.
Jam
Bloomington, IL
Once you have been convicted of the speeding violation, the state of WI courts will likely send the information about this speeding citation back to Illinois. According to Administrative Code information out of state traffic violations will be added to your IL driving record and assigned points.
As for your insurance cost, if the WI speeding violation is put on your Illinois driving record then your insurance provider, could see it the next time they pull your Motor Vehicle Record. Depending upon their rating system this out of state traffic ticket may or may not increase your car insurance premium cost.
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