Information about car, auto, motor and lorry insurance
Are you looking for auto insurance and you are from the State of New Jersey ? It doesn’t matter if you are from Florida or from New Jersey, when you are doing business through the internet. Most big insurers cover the complete United States. You could try to get a free quote from one of the advertisers on this page. Auto insurance is required in New Jersey (source : State of New Jersy, Department of Banking & Insurance).. As a New Jersey driver, you have a lot of choices when it comes to purchasing auto insurance. As is in most states you can choose for full coverage or the minimum basic coverage. Before you buy an insurance product you need to understand the basic principles of auto insurance or car insurance. Read about it in our basic
New Jersey Auto Insurance
What you need to know about New Jersey Auto Insurance
Absolute liability without fault; also known as liability without regard to fault or STRICT LIAILITY. Absolute liability is imposed in various states when actions of an individual or business are deemed contrary to public policy, even though an action may not have been intentional or negligent. For example, in product liability, manufacturers and retailers have been held strictly liable for products that have caused injuries and have been shown to be defective, even though the manufacturer or retailer was not proven to be at fault or negligent. In many states the owner of an animal is held strictly liable
for injuries it may cause, even though it does not have a past history of violence. (source : Dictionary of Insurance Terms)
Product Liability
Coverage of the liability that parties along the supply chain of a product - from the manufacturer or the storeowner - has to assume if some defect in the product sold or manufactured injures a third party or damages his or her property
Absolute Liability
What is a GRACE PERIOD : period after the date the premium is due during which the premium can be paid with no interest charged, the policy remaining in force. This period is for 30 or 31 days. If the insured dies during this period, the beneficiary would receive the full face amount of the policy minus the premium owed. Thus the use of the grace period allows the financial technique of leveraging (source : dictionary of Insurance Terms, Barron’s business guide).
Grace Period in New Jersey : In 1676 the colony was divided between Carteret and a company of English Quakers who had obtained the rights belonging to John, Lord Berkeley. New Jersey became a united crown colony in 1702, administered by the royal governor of New York. Finally, in 1738, New Jersey was separated from New York under its own royal governor, Lewis Morris. Because of its key location between New York City and Philadelphia, New Jersey saw much fighting during the American Revolution.
Today, New Jersey, an area of wide industrial diversification, is known as the Crossroads of the East. Products from over 15,000 factories can be delivered overnight to almost 60 million people, representing 12 states and the District of Columbia. The greatest single industry is chemicals; New Jersey is one of the foremost research centers in the world. Many large oil refineries are located in northern New Jersey. Other important manufactured items are pharmaceuticals, instruments, machinery, electrical goods, and apparel.
Productive farmland covers nearly one million acres, about 20% of New Jersey's land area. The state ranks high in the production of almost all garden vegetables, as well as cranberries, blueberries, and peaches. Poultry, dairy products, and seafood are also top commodities.Tourism is the second-largest industry in New Jersey. The state has numerous resort areas on 127 mi of Atlantic coastline. In 1977, New Jersey voters approved legislation allowing legalized casino gambling in Atlantic City. Points of interest include the Delaware Water Gap, the Edison National Historic Site in West Orange, Princeton University, Liberty State Park, Jersey City, and the N.J. State Aquarium in Camden.