Driveway Insurance Comparison Tips
What is Parkway Insurance? Parked vehicle insurance covers your vehicle against damage due to vandalism, theft, storm, fire and other natural and man-made disasters. This coverage also applies to you if you are driving on any state road. Pull up at such a great opportunity for this scheme with this comprehensive plan for the driveway, parkway or sidewalk cleaners/paveers, maintenance and related activities including:
The Parkway Insurance plan offers you the coverage you need for both parking and driveway purposes. It is not just about driveway parking. Whether you have a business office, shop or even just a family home, there are certain requirements you should consider when getting private road insurance. While it is true that this type of insurance is more expensive than most other types, it gives you more than what is required under state law. Read the guidelines below and learn some important pointers so that you can get the most value out of your investment while enjoying the protection it offers.
You should know that auto driveaway insurance only covers vehicles in the driveway. It does not cover cars stored in an attic or shed, boats that are moored or parked next to your house, campers, trailers and RVs. In addition to this, the auto driveaway insurance does not cover utility trucks, buses, or cones used for advertising. For the above-mentioned vehicles, you would need to have the following coverage added to your private policy:
As stated above, temporary insurance is available. This insurance allows you to be protected in situations where you might experience damages or injuries due to natural disasters and man-made disasters. When you apply for the temporary insurance, your primary insurance company will cover the costs associated with the damage. The temporary insurance coverage offered by AIG is different from the standard auto insurance. Here are the basic differences:
– Temporary Auto Insurance: If you own a car that is financed through a lender, he or she may offer you a temporary auto insurance policy. For example, if you are involved in a vehicular accident and you are at fault, your lender may offer you a temporary policy. This type of policy covers your vehicle as well as property damage coverage offered by your lender. If the loan goes unpaid or is not paid in full, your lender will shoulder the cost of the physical damage.
– Property Damage Coverage: This type of policy covers damage to your property due to a variety of events. This includes theft, vandalism, malicious mischief, and others. It also includes payment for replacement and repair of the property damaged by the insured. This also includes payment of the loss and repair of personal property owned by you or the covered entity. You can cancel this type of policy at any time and receive a prorated return of the premiums paid.
– Personal Injury Protection (PIP): When you purchase an auto loan, lender or credit union will typically offer you a personal injury protection. This insurance protects you financially for an agreed period of time. PIP differs from property damage coverage offered by AIG by offering financial protection even when you are not at fault for an automobile accident. PIP also requires you to pay deductibles for expenses out of your own pocket beyond what your vehicle was damaged or stolen. You will also be protected against income loss, missed work, and other disability-related expenses, as long as you have paid the premiums.
AIG also offers other types of insurance. These include property, fire, and flood insurance. However, if you already have homeowners insurance or another type of coverage, you should discontinue using AIG and look for a new insurer. By comparing quotes from different companies, you can find a company that will provide you with the coverage you need at a price you can afford. AIG has comparison tools on their website where you can enter your information and get a list of the different prices offered for your desired level of insurance.