Car insurance in the USA
The market of a car of insurance in the United States of America
, certainly, the largest in the world, and insurance products offered on it are extremely various. It is connected as that for many Americans the car became the most widespread, and is frequent also unique means of transportation, and that insurance of responsibility of automobile owners is obligatory. It is necessary for automobile owner to have the insurance policy at licensing of its vehicle, steering of it, prolongation of the driver's license. In the USA isn't present federal system of regulation of insurance branch, and each staff carries out these functions independently, also requirements to carrying out of a car of insurance therefore differ.Norms of obligatory insurance exist practically in all American states, but its kinds and responsibility limits can essentially differ. Distinctions are caused by a number of factors: a saturation of staff motor transport, statistics of breakdown susceptibility, feature of civil-law regulation.
Civil liability of automobile owners (responsibility for a physical and property damage to the third parties) the most widespread kind in the USA obligatory auto insurance. The minimum limit of responsibility on a physical damage on one victim can make from 10 000 to 50 000$, more often - 15-25 000$, on a damage to property - from 5 000 to 25 000$, in most cases - 10 000$. In many states it is necessary to insure medical expenses of the automobile owner also. It is carried out through such kinds of insurance, as not insured driver and PIP.
Today the majority of policies of autoinsurance is realized as the package of insurance services covering insurance payments to the automobile owner and the third parties.
Civil liability of automobile owners (responsibility for a physical and property damage to the third parties) the most widespread kind in the USA obligatory auto insurance. The minimum limit of responsibility on a physical damage on one victim can make from 10 000 to 50 000$, more often - 15-25 000, on a damage to property - from 5 000 to 25 000$, in most cases - 10 000$ In many states it is necessary to insure medical expenses of the automobile owner also.
Within the limits of insurance PIP the base and standard policy have the franchize. Its size can make 250, 500, 1 000, 2 000 and 2 500$. Medical expenses over the franchize and to 5 000$ are distributed between the insurer and the insured in the following proportion: the insurer - 80 percent, the insured - 20 percent. Medical expenses from above 5 000$ are paid by the insurer. Thus, depending on the size of the franchize the maximum own expenses of the insured can make accordingly 1 200, 1 400, 1 800, 2 600 and 3 000$.
There are two opposite models answering a question on the one who should compensate harm in case of incident. According to "ballpark model," practised in New Hampshire, everyone should be "himself." That is whatever happens, all expenses connected with recovery of health or property, you even if in an event there is no your fault will bear.
On the contrary, "Disneyland model" obliges to compensate the harm caused to the third parties, originators of incident.
The highest display of this model is the idea to give duty to register cars (to give out them numbers) to the insurance companies which simultaneously should and insure them. Now power structures of each staff are engaged in delivery of car numbers.
As a rule, in the USA the insurance protects any person steering the insured vehicle, except for members of a family of the owner of the car - they should be registered in the policy specially.
Also it is possible to exclude from the insurance and separate people.
Exists in the market of a car of insurance and an especial kind of the insurance for at whom isn't present in the car property but who owing to any reasons should go nevertheless - "Named Operator Policies." Such insurance including is useful to those who has been deprived the rights and for their restoration should show the insurance.
In general, insurance in the USA differs the big flexibility and presence of the big set of insurance products.
So, responsibility can be insured as "combined single limit," and with "split limits."
It is possible to insure the insurance from failure - "collision."
Special kind - "comprehensive," which theft, a fire, crash with animals and other protects the car from those risks which aren't engaged in "collision" - for example.
There are also special kinds of the insurance, on rare, but nevertheless possible situations:
* crash with not insured driver - "uninsured/underinsured coverage";
* the insurance from the missed benefit - "loss of use";
* insurance of the credit for the sum exceeding real cost of the car - "loan/lease payoff";
* necessity of trailing not as result of failure (mechanical problems, gasoline etc. - "towing" has ended;
* the personal things which are in the car - "personal property".
With a view of autoinsurance stimulation in many states special measures on drop of expenses on insurance are undertaken. In certain cases drop of level of awards directly can be offered the law.
Car insurance in the USA
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