Car News Articles 
 Alternative Fuel Vehicles
 Automotive Articles
 Car Buying Tips
 Car Insurance Articles (178)
 Car Maintenance
 Car News
 Car Racing
 Car Repair
 Car Safety
 
 Driving Economically
 Environmental Issues
 Exterior Car Care
 Garage Know How
 
 How Car Stuff Works
 Motorcycle Articles
 Road Trips
 Traveling with Kids
 Younger - Older Drivers
 
 Amsoil Synthetic Oil
 Article Archives




spacer
spacer
Car Insurance Articles

Accident In A Borrowed Car Could Be Covered

(NAPSI)-The first time you read your auto insurance policy shouldn't be after an accident.

But all too often, the multipage policy suddenly becomes, not just a "must read," but a "must understand now."

Let's say you borrow your neighbor's SUV and accidentally ram it into a telephone pole, causing $3,000 in damages. Your neighbor expects you to pay for repairs.

The question is, will your auto insurer cover the claim?

According to Arthur L. Flitner, CPCU, senior director of Knowledge Resources at the American Institute for CPCU and Insurance Institute of America, and CPCU Society member, you need to determine the following:

• Is the claim within the scope of an insuring agreement in the policy?

• Does any exclusion eliminate or restrict coverage for the claim?

• Do any policy conditions affect the coverage for the claim?

To find the answers you need, The CPCU Society provides the following pointers for navigating through your personal auto policy:

Find the Right Insuring Agreement

Turn to the policy's "Damage to Your Auto" section. If the insuring agreement for this section says that the insurer will cover direct and accidental loss to "your covered auto" or any "nonowned auto," minus any applicable deductible, you have cleared the first hurdle.

Review the Exclusions

Exclusions, if applicable, restrict the broad terms of the insuring agreement. In your case, you find that none apply.

Review the Conditions

• Policy conditions require that you promptly notify the insurer as to how, when and where the accident occurred, if you want to be covered.

• Since this is a nonowned auto, another condition determines that the insurer will only pay what is not collectible under the owner's policy. If the owner's policy covers all but $1,000, your policy will pay the remainder, minus your deductible.

Seek Advice from a Qualified Agent

The CPCU Society's more than 28,000 members hold the Chartered Property Casualty Underwriter (CPCU) designation, which requires passing eight rigorous undergraduate- and graduate-level examinations, meeting experience requirements and agreeing to be bound by a strict code of professional ethics. The CPCU designation is awarded by the American Institute for CPCU.

To find an insurance agent that has a CPCU designation, visit www.cpcusociety.org and access the Agent & Broker Locator. You can also call (800) 932-CPCU.







Related Articles:
Improve Standard Auto Coverage With Optional Benefits
How To Save On Auto Insurance This Holiday Season
Easy Ways To Save On Car Insurance
Vehicle Modifications Can Affect Insurance Premiums
How Your Credit Score Drives Your Auto Insurance Rates
Cutting The Cost Of Teen Driving
Save On Insurance When Buying A New Car
Car Insurance for Teenagers
Commercial Fleet Auto Insurance Tips
How To Recognize and Avoid Auto Insurance Abuse and Fraud
Rental Car Insurance - Safe or Stupid?
Tesco Car Insurance Find Internet Only Value Policies
Car Insurance How To Find The Best Policy
Three Easy Ways To Save On Your Car Insurance
Finding Cheap Car Insurance

spacer
sdg
make image
model image
zip code


Stay Updated!


Car Insurance Articles
Related Articles
Insurance Fraud: A $40 Billion
Commercial Auto Vs. Personal Auto
Seven Ways To Save On
Another Reason To Keep Your
Auto Insurance Fraud Is Targeting
Improve Standard Auto Coverage With
How To Save On Auto
Easy Ways To Save On
Vehicle Modifications Can Affect Insurance
How Your Credit Score Drives
Cutting The Cost Of Teen
Save On Insurance When Buying
Car Insurance for Teenagers
Commercial Fleet Auto Insurance Tips
How To Recognize and Avoid
Rental Car Insurance - Safe
Tesco Car Insurance Find Internet
Car Insurance How To Find
Three Easy Ways To Save
Finding Cheap Car Insurance
spacer

Feed Button



Car Insurance Info | Newsletter | Car Classifieds | Online Car Rentals
Auto Pictures | Link To Carjunky.com



Complete List of Article RSS News Feeds


Copyright © 1999 - . CarJunky® All Rights Reserved.