Abcs Of Auto Insurance In Los Angeles
In California, companies that provide auto insurance in Los Angeles and other cities
within the state need to electronically submit details of all the policies that they have sold. This law is aimed at bringing down the number of people who drive cars without insurance, particularly in the Los Angeles area. As a responsible car owner, however, it is important that you not only have vehicle insurance, but that you know the stipulations and parts of your insurance contract as well. If you are like the many people who drive cars with insurance, but do not really have any idea on what this piece of document is all about, you better keep on reading.
Commonly, auto insurance in Los Angeles has five major parts: declarations, definitions, conditions, exclusions, and agreement. The section where your personal details as well as the vehicle facts are shown is called declarations. Here you will see the name and addresses of the drivers, policy details (number and duration), model and make of your automobile, and the vehicle identification number. You will also see the type of coverage and the limits of your policy in this section. Since Los Angeles is an accident prone city, you should not undermine the importance of having accurate data written in this section of the policy.
The definitions section, which is considered as the fine print of insurance policies, contains not only the terms but also the rights of both the policyholder and the insurance provider. Meanwhile, the coverage section gives the details about the insurance options and limits, such as liability, collision, medical and comprehensive. This is actually where you will find the kind of protection that will be given to you by the insurance provider. Since there are many companies that are offering cheap auto insurance in Los Angeles as a means to attract people who just want to get insurance to abide by the law, the details of this part of the agreement should be read thoroughly so that you will know what you are getting.
If you want to know the limitations of your auto insurance in Los Angeles, you have to look at the exclusions section. You need to know the limits of your insurance when you are making a claim. Meanwhile, the conditions section is where you will find the legal responsibilities of the insurance provider and the insurer. Some of the things that you should expect to find in the conditions section include payment obligations and procedures to follow when filling a claim or resolving misunderstandings and disagreements.
by: Russell Rabichev