Financial experts often say it’s smart to drop collision when you drive an old car, then put your car insurance savings in a fund earmarked for emergency repairs or buying a new car. However, when you’re trying to decide when to drop collision coverage, the answer really comes down to your personal finances. “If you’re not absolutely sure that you could deal with paying for repairs or completely replacing your vehicle at a moment’s notice, or else going without a vehicle until you could save for a replacement, it’s best to err on the side of caution and pay the extra premium for collision coverage,” The Simple Dollar advises.
Unfortunately, some people learn the hard way that forgoing car insurance – even for just one day – can cost thousands of dollars. Fortunately for Jason, no one was injured in the crash that wrecked his baby. While the average property damage claim for car crashes is more than $3,000, just one injury costs an average of more than $15,000. It may be a matter of needing insurance for a single day, week or month, but a crash can happen in mere moments. Say a coworker wants to borrow your car on her lunch break. No big deal, right? It’s only an hour or two. According to the National Highway Traffic Safety Administration, more than a million vehicle crashes occur during lunch hours every year. This is exactly when one-day car insurance can help.
If you are searching for temporary car insurance, you will probably come across websites and unscrupulous agents claiming they offer one-day auto policies. The truth is, you may only need the coverage for a single day, but the majority of these policies are written to cover you for about 30 days. Perhaps the misinformation is due to the rental car coverage that is offered when one opts for the additional liability coverage at the counter. The reality is this policy isn’t so much car insurance as lawsuit protection coverage. Whether you need car insurance for one day, a week or a month, rather than the coverage for six months to a year offered by traditional policies, it’s important to know that what you are really looking for is short-term car insurance.
Modifications: Wide arch kit, Carbon fibre boot panel, Carbon fibre rear light surrounds, Rohana RC10 wheels, Roush vents cut into bonnet, Custom exhaust system by lightning Motorsport, Custom 3 piece duck tail spoiler, BC racing Coilovers, 20mm wheel spacers, Colour coded lower bumper trims and side skirts, Window tints, BBK throttle body, Air raid cold air intake, Mishimoto oil catch tank, Sequential side light and front indicators, Led Fog lights, side light’s and DRLs, Full LED interior light conversion, Carbon fibre mirrors, Carbon fibre fog light surrounds, Carbon fibre front splitter, Carbon fibre side skirt extensions, Smoked rear reflectors and reverse / fog light, Blacked out reflectors on the side of the rear bumper, Carbon fibre canards, Custom made rear diffuser, Mishimoto oil cooler, Mishimoto coolant tank, Mishimoto radiator, Grill delete with floating pony, kooks decat headers (had to be modified to fit), Custom map / Michelin pilot super sports with tyre lettering.
Policies typically use vague language when referring to acts of terrorism, but they are generally insured by the comprehensive portion of your policy. For example, if there is an act of terror and you need to make a claim on your car, that can only be made if you have comprehensive coverage. Since some circumstances are out of our control, comprehensive insurance is certainly important to have in your policy.