Custom furnishings and equipment must be specifically endorsed on the policy for coverage to apply. If you have a customized van or pick up, please check with your agent to be sure you have coverage. A. Actual cash value of a motor vehicle is the value of the vehicle at the time of the loss or what it would cost to replace your vehicle with one in similar condition in your area. This may not be the same figure as the selling price of a vehicle of the same year and model because mileage, prior damage, and wear and tear are considered when arriving at the actual cash value of the damaged vehicle. In most jurisdictions, yes.
Many states have mandatory insurance.
Check with your local agent to find out if your State has a mandatory insurance statute. If you are involved in an accident and another party is responsible for the damage, your insurance company, after paying you for the damages, may have a right to attempt to recover their payment, from the responsible party or their insurance company. This subrogation right may be granted by statute or provided for in the insurance policy. If your policy makes a payment to you under your collision or comprehensive coverage, the applicable deductible will be applied. However, if you were not negligent and the responsible operator is insured, we will subrogate our loss and include your deductible in our claim.