How Many Days Can You Delay Paying Car Insurance?
1 Answers
If you forget to pay your car insurance, you can delay it for up to 7 days. Introduction: Vehicle insurance, also known as motor vehicle insurance or auto insurance, is a type of commercial insurance that covers personal injury or property damage caused by natural disasters or accidents involving motor vehicles. Auto insurance is a category of property insurance, and within the field of property insurance, it is a relatively young type of coverage, as it emerged and developed alongside the advent and popularization of automobiles. Unlike modern motor vehicle insurance, early auto insurance primarily focused on third-party liability coverage and gradually expanded to include risks such as collision damage to the vehicle body. Classification: Commercial insurance is an indeterminate-value insurance, divided into basic coverage and additional coverage, with the latter requiring the former to be in effect. Basic coverage includes third-party liability insurance and vehicle damage insurance (comprehensive coverage). Compulsory insurance is mandatory, and vehicles must have it to be driven on the road, undergo annual inspections, and be registered. In the event of third-party losses requiring claims, compulsory insurance must be paid out first before other coverages.
