After an accident do you have to use your insurance check or can you opt to live with the damage and spend the money elsewhere?
The simple answer to this is yes you can keep the check and spend it on something else. Unless there is a loan on the car. Then the lender will insist that you have it repaired.
Check with Gargash Insurance Services, UAE's leading professional insurance brokers. They offer quality auto insurance policy at affordable premium rates. It covers accidental damage caused to your car and the damage or injury you cause to another vehicle or its driver in an accident or to any 3rd party. Loss of or damage to your car through fire or theft is also covered.
If you haven't paid the vehicle off, then you must repair the vehicle with the insurance check. If you don't owe a bank anything, you are not required to fix the vehicle. Keep in mind, if the vehicle has unrepaired physical damage and you get in another accident the insurance company will not give you another penny. They are only required to repair the vehicle to the condition it was in prior to the accident…
Do you have to use an insurance check to repair minor accident damage or can you leave the dent and use the money for something else?
No you do not have to use it for your vehicle damage. You can use it as you wish. You are required to be compensated for your damage, It is up to you what you do with that compensation. If you have a Lien holder on the vehicle then you likely have contractual obligations with them to fix any damage.
Every state has its own minimum reporting requirements for PROPERTY DAMAGE accidents, usually set as a dollar amount. However - ANY accident involving PERSONAL INJURY, must be reported immediately. Furthermore, your own insurance carrier may have a damage reporting requirement - check your insurance policy
It is legal as long as you don't have an outstanding loan on the vehicle, if your insurance company paid the claim, and you keep the car. Your insurance company has the right to drop coverage or reduce the amount of coverage. If you have a loan, in most states, the check has to be issued to the body shop directly or to you and the lienholder jointly. Yes it is legal. However ... should…
If you are in a major accident and the other driver is at fault can you get part of the money right away?
Can you request a check for damages from the insurance company of the driver who caused the accident and not get your car repaired after an auto accident?
In terms of auto insurance, the deductible is the amount the policyholder is committing to pay if their vehicle is damaged or stolen before the insurance company is responsible for paying out a claim. A deductible applies to both comprehensive and collision physical damage coverage. Comprehensive will pay for damage or loss to your vehicle resulting from fire, theft, vandalism, hail damage, and wind. Collision pays for damage caused by an accident. You will be…
Can you pay out of pocket to repair damage from an accident as opposed to going through your insurance company?
Yes. It's unusual, but not illegal. I did this a couple of years ago, to keep my insurance payments down. Sometimes bodyshops and such are set up just to deal with insurance claims, so you will need to explain that you are paying out of your own pocket (usually by bank check) but they were pretty friendly about it.
Will insurance cover the driver if they get into an accident and their driver's license is suspended?
In California If the car accident was not your fault and you just want the cash and not fix your car?
Regardless of the state, if you are not at-fault in an accident, you do not have to have your vehicle repaired, you can simply accept a check. Be careful though, because if you are involved in another accident the next company will not offer you such a large payment. The insurance company has an obligation to restore you to pre-loss condition and if you have existing damage on your vehicle they will not pay for…
Deer Collision No. Liability insurance is triggered when you are at-fault for an accident. It's used to pay for the damage you cause to someone else's property, not your own. A deer hit would fall under comprehensive coverage, and isn't considered an at-fault loss. In some states, collisions with wildlife are covered by the state. Check with your insurance agent.
Usually, yes. Check your policy for details, but comp usually covers any kind of damage (subject to a deductible, of course) that occurs when NOT related to a moving accident - if a tree falls on your car, or it's broken into , or something like that. It covers a lot of stuff, which is why they call it 'comprehensive'....
Car accident and insurance paying for damages-deductiablewill they send the check if I don't put the car in the shop?
The lowest priced auto insurance plans will be third-party only insurance. This means that if you have an accident that is your fault, your insurance company will cover the damage caused to the other person, but will not pay for you to have your car fixed. Very low priced insurance will most likely be low for a reason, so make sure that you check it all out properly and make sure it is adequate cover…
Yes, and your spouse will end up with an at-fault accident on their record. The collision deductible will apply to the damage on the car that your spouse was driving and there will not be a deductible for the damage to the parked car. Maybe. Check with your agent, but some policies specifically exempt damage caused by another vehicle on the same policy. It prevents people with two junkers from having driveway "accidents" where both…
What insurance should you get for a rental car if you have a valid drivers license but do not own a car and therefore have no car insurance?
Rental companies offer CDW (Collison Damage Waiver), Liability and PAI (Personal Accident Insurance). Most of the major credit cards will automatically cover you for CDW (protection against theft and damage to the car) when you use that card for renting a car (check with your credit card company though) Liability is essential in your scenario as you don't have any other car insurance (this would protect you if in case of accident in which you…
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.
What if someone says they have life insurance and the company tells you it was accidental insurance?
I like the following answer. Check with your state insurance commissioner and get the brochure. Read about the exclusions. At last count, it was at 15. I always advise: stay away from accidental death. Too many variables. Too many chances for the insurance company to not pay, and too few for the survivor to collect. ------------------------- No. In fact there have been studies that clearly show accidental death insurance is nothing more than a profit…
Who is liable if you have an accident and you have no insurance but the owner of the car you borrow has insurance?
Well in 2 different states that I have lived and worked in the insurance follows the vehicle not the person. If someone is letting you borrow there vehicle then they are accepting responsibility for your actions, therefore the accident would be covered on there policy. Of course I would check with state laws to make sure.
If you have a car accident in someone else's car and weren't on the policy will that cover the damages to the car you hit?
It depends. Some insurance companies insure the driver and any car they drive whether it's a rental, or borrowed with permission from the registered owner. Other insurance companies insure the car and only the drivers specified on the policy. Check with your insurance. It's possible your insurance follows you, in which case the damage you caused to the car you were driving and the car you hit would be covered.
It really just depends on your insurance policy and the nature of the damage. Check you homeowners insurance policy declarations page for the term "Other Structures" or "Additional Structures". A pool is usually considered an additional structure. If the damage was caused by a covered peril under your policy you may have coverage for repairs.
Your car was totaled in a cardeer accident the insurance was in a friends name and a check was mailed by the insurance whos check is it mine or his?
Legally, its the friends because the insurance was in the friends name. Insurance checks are meant to be used on repairs to the vehicle or toward the purchase of a new vehicle. So you could try to force the friend to use the check toward the vehicle by taking them to court. Or you can start paying for your own insurance and not have to worry about the loyalty of your friends.
Always check your policy. Insurance companies are in the business of making money. You would assume that this damage is covered but it depends on the policy. Most companies in Texas do, but it is not a given. Always call your insurance company and ask if damage is covered. Repairs are almost never covered anymore.
Check your insurance document. In the UK, most insurance contracts allow you to drive another car with the owner's permission, but the insurance is only for Third Party, i.e. you are covered for damage to anything or anyone you hit, but you are not covered for damage to the car itself. Check, check,check! Also check that the car has road tax paid and any MOT or roadworthiness documents neccessary, otherwise it will not be insured…