« Credit Repair Help - Tactics as well as Guidance For Repairing Your Poor Credit Ratings | Main | Short Term Insurance For Cars - Reasons It May Prove Efficient »
Reasons Drivers Take Out Car Insurance For A Short Period Of Time
By Billy | July 27, 2010
Numerous car insurance policies are still sold for 1 year. Although this is fine for a lot of drivers, many more require temp insurance for different vehicles they may need to be insured on from time to time.
A commonly accepted definition of short term automobile cover is insurance ranging from one month to as little as 1 day. However, there are now a number of specialist insurance companies who offer flexible cover for between one to six months.
In addition pay-as-you-go options are now available allowing drivers to setup and manage their policy online. This gives the option to switch insurance on and off for periods when they know it will not be required.
There are numerous scenarios where insurance for one day may be convenient. One of the most popular is making sure you are insured when using a friends auto. Taking out an extra policy for this could protect any no claims bonus acquired. This could therefore be an attractive option for careful drivers who have not made a claim for years.
Another reason temp automobile insurance is taken out is to provide insurance for an additional driver so driving can be shared on a longer trip.
Providing temp insurance cover for a foreign visitor is a situation where short term cover may be required. As is needing temp cover when taking a new or 2nd hand car home after purchasing it. Taking a test drive and requiring insurance for a day can be another scenario.
Numerous people who drive a van, don’t actually own one themselves. This can be where 1 day car insurance is useful, when you are borrowing a van for a range of scenarios.
Forridersthat are planning a summer road trip, temporary car insurance could be a solution. This may prove cost effective if they will only be riding while they are away and usually drive their car when at home.
Topics: Real Estate Investing |
Comments are closed.