Insurance Coverage for Parked Cars

Any insurance policy can be riddled with important details that are placed within the small print. It is a bad idea to generalize one insurance plan compared to others. In some countries, especially developed ones, car insurance is compulsory and by law, we need to have an insurance coverage when we drive a car on the road. In fact, we could be required by law to have an insurance policy by just parking our car on the side of the road. Areas that include public spaces may include country lanes, pavements, car parks, parks and others. In fact, it is an inescapable fact that anyone who have driven a car will be held responsible if they have been discovered without a working insurance coverage,

There has been a strong push that insurance coverage should be applied only when the car is parked at specific locations. In this case, the insurance policy shouldn’t be necessary if we park the car inside a private property. Statistically, the risks of damage or injury by parking our car in public spaces are very slim. It will take a drunk driver or a meteoroid to hit our car to damage it if we have parked our car properly. In many cases, car insurance should be a win-win situation. There are loads of cash that are needed when that does happen. But, these things do happen and some people could actually hit parked cars.

Insurance Coverage for Parked Cars

So, the next time we ask our teenage children to park the car on the side of the road and it is hit by a vehicle, we should make sure that we have coverage. This can be a rather disastrous situation for some classic car owners who value their vehicles. These cars can be the source of the pride and joy for years, so it is important to have them protected when these cars are parked on the side of the road. The car may have been sitting in the garage for 12 months and a freak accident could happen in one of the rarest times when they park the car on the side of the road. When an accident happens, it doesn’t need a complex insurance discussion to tell us that the owner should have an insurance coverage in the first place.

Insurance coverage for parked cars is also important if people have borrowed our cars and they parked at the side of the road. In fact, people do borrow cars from their friends and relatives all the time. This can be a rather complicated situation, if the person who drives our car isn’t included in the insured list. If we allow our friends to borrow the car more than a few times, we may need to choose a more comprehensive plan that provides coverage, regardless of the driver. However, it should be noted that such a protection will mean a higher premium.

Also, we shouldn’t make a mistake by driving in a friend’s car, because we may not be covered for such a situation. Regardless of the plan, a situation when someone is driving inside another’s car may represent a rather complex case.

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