The owner of the vacant lot is responsible for the $300 worth of damage. Liability does not depend on whether the lot has improvements or not.
It is not required by law, but yes, I would recommend it. Say for instance there are some dead trees on the lot that you probably should have maintained, and these trees fall onto a neighbor's property or a person. You may be held legally liable for these damages. You can contact your agent to add an endorsement onto your main homeowner's policy to cover liability for another premises.
I have a 9 acre lot in Riverside Cal. and I need to hire some help to clear the lot off. It has a great deal of trash and junk left on it from the previous owners. I need liability insurance for my hired workers for about a year , and then I will begin to bu8ild on the lot . manuellopezjr1.1@sbcglobal.net
I'm not certain that it's actually legally required. However, even if it's not mandated, if you don't have liability insurance anyone can accuse you of breaking whatever and whether you did it or not, you're going to be the one dealing with it, including shelling out for legal fees and possibly paying for it if you lose the case. If you do have liability insurance, the insurance company will be taking care of a lot of that for you. Bottom line: yes, you need liability insurance.
The Vacant Lot was created in 1993.
You are required to have at least Liability Coverage for the vehicle before ytou drive it off the lot!
You will need a different type of policy for a vacant home and yes the price is higher but it has come down a lot in the past few years because there is more need for vacant dwelling coverage and therefore more competition in the market. A normal homeowner's policy states in the policy that coverage is void after it has been vacant for 90 days. This means that even though you have paid the insurance for even years that there is no coverage 90 days after you move out of the house. This shows the importance of having an insurance agent you can trust and telling them if anything changes that could effect your insurance needs.
The following website can help you determine what kind of insurance you'll need with a trailer or an RV, such as liability and roadside assistance. http://internet-trailer.com/RV-Insurance.aspx
Absolutely. Even if you pay cash for the vehicle you will need to prove that you have liability insurance in order to legally drive off the lot. If you are financing the vehicle you will have to show that you have liability and physical damage coverage before driving off the lot. The dealer will contact your insurance agent to verify that the coverage is in force and will add the vehicle to your policy with the coverage that they require and that you want.
Yes, if a lot of people drive the vehicle, you need insurance to cover everyone who drives it. Although typically the insurance goes with the person, so as long as your people are covered, the vehicle is.
Just one that cover the basic needs, to not expend a lot of money. That way it doesn't loose money paying for insurance.
vacant lot