Can you self-insure your car in Washington state?
Washington State allows for certain people to be self-insured. Typically, you must own at least twenty-five vehicles and provide proof that you can pay any judgments against you. In an accident with someone who is self-insured, you can hire an attorney to sue them.
Can I self-insure myself?
Self-insurance may also be an option for renters. Rather than buying renters insurance, you may choose to self-insure. Instead of paying a monthly, quarterly or annual premium, renters who self-insure instead earmark a certain amount of savings to pay for damages.
Is it smart to self-insure?
Benefits of Self-Insurance\n\n If you're self-insured, you're not paying an insurance company every year to carry the risk of insuring you. That's a huge benefit to you, because you're saving money! And we're all about saving money where we can—especially on insurance premiums.
What is self-insured auto insurance?
Someone who is self-insured is taking on the financial risks associated with insuring their vehicle. This means if there is an accident, they are responsible for paying for all the damage they caused to the other driver and their property, as well as any damage to their own vehicle.
[PDF] The purpose of the Washington State Self Insurance Liability
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[PDF] Understanding Insurance Coverage
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[PDF] SI 01 - Self Insurance Requirements
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[PDF] A Guide to Workers' Compensation Benefits - AWS
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