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Your car is on finance and its been wrote off by a bus which was at fault will the insurance pay your finance off and wil you still be without a car?
Wiki User
∙ 15y ago
You mean you owed more than the car was worth. An insurance company will only pay you for the value of the car - what it's worth depending on age, condition, etc. If you owed more than that - were upside down on the loan as it's known - you are still responsible for the payments, and are without a car. It's unfortunate, but it happens fairly often. Yes your car will be paid off since the accident wasn't your fault although it probably would have been paid for either way since most car lenders require you to have full coverage while going through the loan. Anyway, your the buses insurer will pay you the book value of your car minus what's owed because lenders have to get paid first. Why you ask? Lenders are the ones who lent you the money to buy the car and since they technically hold the title they have to be paid first and it's ALWAYS in an auto loan contract. Hopefully you have some equity in your car, meaning what it's worth is more than what you owe. For example if you owe $14,000 on a car and at the time of incident it was worth $16,000, the insurance company would send you a check for $2,000 which is the net difference. Now if it was the other way around and you owed $16,000 while the car's only worth $14,000, you would have to end up paying $2,000 out of pocket unless you had GAP from the dealer which nulls the contract in case the car is upside down in the loan and it gets totaled. It sucks but that's auto loans for you.
Wiki User
∙ 15y ago
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What happens if you have no insurance and the other driver is at fault in South Carolina and the driver at fault does have insurance?
You will be cited for driving without insurance and the other driver being at fault, him and his insurance are still liable for damages.
Are you still at fault if the other person does not have insurance?
Yes, If the accident was your fault, then it is your fault. Whether or not they have insurance has nothing to do with who's at fault, or who actually caused the accident.
What happens if you have auto insurance but no drivers licnese and you get into an accident that is not your fault will the person at fault insurance still take care of the damages to your car?
You get a ticket and your insurance goes up. You can not drive without a license and if you cost the insurance company money they raise your premiums especially if you get a ticket
Car accident and neither have insurance?
The at fault party is still liable to pay the damages. Added: Both parties will probably be cited for driving without insurance as well.
If you have no insurance on your car but it was the other drives fault would there insurance still pay for it?
no
What happens if you have no insurance and you were hit by someone with car insurance?
In ontario, The person that hits you's insurance has Accident benifits, and they will pay for your medical bills if they were at fault. But if you were drviing without insurance.. consider yourself screwed. Pretty much the same in most states in the U.S. If they were at fault their insurance may pay for your damages but you can still be fined for driving without coverage, license suspended or revoked etc.
Can you still collect on your own insurance without paying the deductible after an accident.?
If you have collision coverage on your vehicle you can collect from your insurance company for the damages. You will not have to pay the deductible if you were determined by the insurance company to not be at fault for the accident. They then go after the other insurance company to get the money they paid you back. If you do not carry collision coverage then you need to file with other insurance company, they will then decide who was at fault for the accident if their party was at fault they then pay you for the damages to your vehicle.
If you rear end someone stopped in the middle of the road and the driver has no liCENSE or insurance are you STILL AT FAULT?
Yes, you are still at fault. It doesn't matter whether or not they had insurance, you still hit their vehicle and are therefore still responsible for their damages.
Can a driver with no auto insurance be held responsible for an accident?
Yes and in most states it is a criminal offense to drive without insurance (even if you are not at fault, you will most likely be charged with this offense). If you are found at fault and are not insured, you are still resonsable for all of the damages and/or bodily injuries.
You have no car insurance and are involved in an accident that is not your fault does their insurance still pay for damages to your vehicle?
yes
What if you deny fault auto accident and it was your fault?
The insurance company is the one that determines fault so if you deny it, they can still rule against you.
How can you get money after a car wreck without insurance?
Who is it that doesn't have insurance (your, or the 'other' person)? If you don't have insurance and are at fault there is no way you can receive any money for the car. If ther other person involved is missing insurance then you will still be covered if you pay for collision or uninsured motorist.
