Annual-rate insurance is routinely sold for special purposes by the day or week. Who is responsible for checking odometers?
Car owners are responsible for watching the mile limit for the vehicle’s insurance, the same way they watch the fuel gauge. A transparent windshield sticker with company logo – like the service period stickers of garages and dealers – would remind the car owner of the mile and date limits on protection purchased.
Related Questions
- Is the SWA responsible for determining whether specific insurance plans meet the requirements for "eligible plans" for the purposes of HCTC under the Trade Reform Act of 2002?
- Are there special flood insurance requirements for loans sold to the secondary market, such as Fannie Mae and Freddie Mac?
- For a home being sold as-is who is responsible for major repairs?
