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A product I have been renting has been damaged. The insurance is paying out the finance company but I need a replacement as soon as possible. Do I contact the finance company or the distributor?
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Does your insurance company have to pay the policy limit for a total loss if you have replacement?
No, If you have a replacement valuation Home Insurance Policy then the company will pay the "replacement cost" The cost of replacement may or may not reach your policy limits depending on the loss.
Is home replacement insurance feasible?
Yes, every home insurance company out there already sells it
Guaranteed replacement cost in a homeowner's insurance policy means that the insurance company?
right, Guarantees it.
Can the insurance company replace an item instead of paying for it?
Replacement coverageYes, Most insurance policies do indicate that the Insurance company will indemnify you either by compensating your monetarily for your loss or by replacement of the item with a similar or same one of like kind and quality.
How does one get a replacement car insurance card?
One can obtain a replacement car insurance card by contacting the insurance company and ask for a replacement. Sometime they are able to email a temporary copy of the policy card that can be printed out and carried until a replacement can be sent in the mail.
If you sue your own insurance company is it possible other insurance companies will not let you buy a insurance?
Very unlikely, there is no blacklist of those who have sued an insurance company.
You have insurance on your home but no replacement insurance What does this mean?
HOAIt means our policy is based on actual value rather than replacement cost. It means that the insurance company is not guaranteeing you the replacement of your home if it burns down. For example, your insurance policy limit is $200,000, but the cost of replacing your home is $210,000, if you had a replacement policy, the insurance would pay for the replacement of your home despite the fact that your insurance limit is only $200,000. However, the insured value at the time of the loss is usually required to be at least 80% of the replacement cost before your policy is covered on a replacement cost basis.
Where can I find an emergency auto glass company?
The best place is to start is with who you have your car insurance with. Most car insurance companies have contracts with a replacement glass company that is certified to do the work.
Is it possible to buy insurance for a utility trailer?
Yes, just call an automobile insurance company.
Will an insurance company pay out a dwelling claim if you decide not to rebuild?
Yes, but generally at Actual cash value (either market value or replacement cost minus depreciation) instead of replacement cost. However, the insurance company will generally pay to reconstruct at another location.
Is it legal to return items for cash value after the insurance company gives you replacement value for the purchase?
Yes.
What makes a motorcycled totaled?
When a vehicle covered by insurance gets wrecked, the insurance company looks at how much it will cost to repair. If repairing the bike costs more than it is worth, then the insurance company declares it totaled and pays for a replacement.
