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How much is the cash settlement amount from an insurance company for an auto accident?
Wiki User
∙ 13y ago
As little as they can get you to accept.
Wiki User
∙ 13y ago
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What is a good insurance settlement?
A good insurance settlement means that the recipient of the settlement receives a fair amount in compensation for the event or accident. An insurance adjuster or attorney may help in getting a good insurance settlement.
Which is the biggest auto accident insurance settlement in history?
Unfortunately, because most accident insurance settlements are kept confidential, it is impossible to know the largest settlement amount awarded in history. Settlement amounts typically vary by how much insurance one has on their vehicle, and the amount of damage done to the car and passengers.
What basic formula is used to determine the total settlement amount that an insurance company will typically pay for an auto accident claim and bodily injury in Texas?
i=.5r/t, where r = rate, i = insurance, and t = time
How much can you get paid from a car accident?
The amount a person gets paid for an accident from the insurance company will depend on the injuries sustained.
Will your insurance pay the medicare lien if the other parties insurance liability is not sufficient to cover the entire settlement amount?
No. I assume that you were in a car accident and that you had injuries. I assume that you had medical expenses that were not covered by insurance. I assume that you own a house and there is a lien on that house to pay the cost of the medical care. I assume that the insurance settlement took 2-3 years to settle. I assume that your settlement amount paid by the other driver's insurance policy was less than the cost of your medical care. There is no other "insurance" to rely upon to pay the cost of the medical are that was not covered by your insurance and that was not covered in full by the amount of money you received from the other driver's insurance company.
Will your insurance premium go up if you are not at fault in Michigan?
Usually if an accident is determined not to be the insured's fault, then their insurance rates will not rise as the insurance company did not lose any money from covering the driver involved in the accident. If the accident is determined as being inconclusive, the rates may rise some, to adjust for the amount of money the insurance company lost in the accident.
What is an Auto Accident Attorney?
Auto accident attorneys represent individuals involved in car accidents. These attorneys can represent plaintiffs or defendants and may be hired by a driver’s insurance company to represent the driver or the insurance company. Plaintiffs’ automobile accident lawyers are available for those that have suffered injuries in a car wreck. The lawyers will consider the case and if there is a potential lawsuit. If so, auto accident attorneys will notify the other party or parties in the wreck. The case may never go to court and the auto accident attorneys may work out a settlement that all involved parties agree to. Defense lawyers for car accidents will assist parties that are being sued after an auto accident. An auto accident attorney that works on the defense side will attempt to show that there was no fault on the part of the driver he or she is representing or try to negotiate a lower amount that that person will have to pay for the accident and any injuries. An auto accident attorney may be retained or hired by an insurance company. Car insurance companies will hire attorneys on behalf of their clients as the attorneys will help reduce the liability costs that the insurance company may have to bear after an accident. The auto accident attorney does this by working in a similar capacity as he or she would as a defense attorney. The aim is to settle for an acceptable amount or demonstrate that there was little or no fault on the driver being sued. Additionally, an insurance company’s auto accident attorney may work to recover costs from another driver or insurance company. The auto accident attorney functions like an attorney for a plaintiff. The car accident lawyer pursues payment of costs incurred by the insurance company in covering damage or injury suffered by the driver. As a result, the driver that was not at fault gets all repair costs paid for, but the insurance company recovers that money from the driver that was at fault without the driver without fault having to wait for a settlement.
How does an insurance company determine the amount of money to give you for your car when it's totaled in an accident?
The insurance company will only pay the 'book' value of the vehicle as if it were in perfect condition unless damage prior to the accident was discovered and that damage will be deducted from the 'book value'.
If an insurance company made a settlement offer and a check was to be written when they realized they were not the at-fault's insurer at the time of the accident are they still liable?
NO, They are not liable if their insured was not at fault or was not their insured regardless of whether a check had already been written or not. In fact should they have issued a settlement check and later determined they were not liable, The insurer can demand a refund of the settlement amount they issued.
If you have only liability auto insurance should your insurance provider help you with a claim settlement against another insurance company after a auto accident?
no - your insurer is under no "obligation" to help you. Best bet is to pursue through small claims court. if damage is greater than small claims value - consult an attorney and negotiate a reasonable fee (usually a % of settlement amount and you owe nothing if you lose)
Your title is missing from your parerwork Will you still receive your Total Loss settlement from the insurance company or is a title required prior to the receipt of the settlement?
cannot imagine any situation where an insurance company would pay the entire amount without this title.......file for lost title with your state..
If your insurance pays you for an auto accident and the insurance company for the driver who hit you do you have to return one check?
If the other company only gave you the deductible amount, then probably not. But if both paid you the full amount, then you should turn the other company's check to yours. If the larger check came from the other driver's insurance, I'd return the check from your own insurance company - you're entitled to the deductible amount, if you're not at fault.
