In Massachusetts, all auto owners must adhere to all auto insurance laws. These laws require owners to possess at least liability coverage. However, in the state of Massachusetts, no-fault laws apply. This makes it necessary to acquire personal injury protection. These laws are in place to reduce the probability of a lawsuit. An Insurance Agency in Grafton MA could provide these auto owners with adequate protection.
What are the Minimum Requirements?
Bodily injury coverage for victims must provide $20,000 for one victim accidents. It must provide a maximum of $40,000 for multiple victim accidents. The driver also needs $8,000 worth of personal injury protection for their own medical requirements. They also need a minimum of $20,000 and a maximum of $40,000 worth of coverage for uninsured auto owners. These policies must also provide no less than $5,000 for any property damage that occurs.
Identifying the Penalties for No Insurance
Any driver who fails to acquire adequate auto insurance coverage may face fines. They must provide proof of insurance coverage during traffic stops. They must also provide evidence of coverage when registering a new vehicle or renewing their auto tag. Penalties could also include suspension of their driver’s license and vehicle registration.
Auto Loan Requirements
Auto owners must acquire comprehensive auto insurance if they have an auto loan. The terms of the contract require them to provide evidence of coverage. The lender could also repossess the vehicle if they fail to maintain these policies.
If the Owner Chooses Full Coverage
Comprehensive coverage provides coverage for the policyholder’s vehicle as well as any victims involved in the accident. It provides coverage for the other driver’s if the policyholder is at fault. The policy also provides a rental car while the policyholder’s vehicle is being repaired.
In Massachusetts, all auto owners must adhere to all state insurance laws. These laws require them to maintain at least liability coverage for the vehicle. In Massachusetts, personal injury protection is also required. This prevents the owner from facing penalties and could reduce the potential for a lawsuit. Auto owners who need to acquire a quote from an insurance agency in Grafton MA should contact Northeast Insurance immediately.