answersLogoWhite

0


Best Answer

Yes, the bank or any lending institution can withdraw any offer unless a contract has been signed by all parties.

User Avatar

Wiki User

โˆ™ 2011-01-30 17:35:49
This answer is:
๐Ÿ™
0
๐Ÿคจ
0
๐Ÿ˜ฎ
0
User Avatar

Add your answer:

Earn +20 pts
Q: Can a bank offer you a settlement on a charged off auto loan and later refuse the settlement offer because you received a check from your auto insurance company to fix your car from an accident?
Write your answer...
Submit
Related questions

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.


Why do auto accident settlements take so long to be concluded?

When someone is in an auto accident it often seems that the settlement takes a long time to come to a conclusion. This is because all parties must provide information to the insurance companies and the insurance companies must undertake a thorough investigation.


What is the monthly accident insurance cost for a healthy man that is 31?

Accident insurance is typically very cheap because it restricts coverage to a claim involving death resulting from an accident which has a low statistical probability. Whether or not a man is "healthy" is of no relevance for "accident insurance". There are actuarial tables available that show the chance of death by accident by age and gender. If you are asking about "accident insurance" that will replace your income if you are hurt in an accident, that is typically very cheap as well. I am certain that you can get instant online insurance quotes for "accident insurance" if you use a search engine to seach the phrase "buy accident insurance"


Why do you need insurance if all you have is a permit?

because you can still get into an accident


Why is your car insurance so expensive?

because if you get in a wreck...your insurance has to pay for it and you have to pay alittle money to help them pay gor your accident. because if you get in a wreck...your insurance has to pay for it and you have to pay alittle money to help them pay gor your accident.


Why do insurance companies test for drugs after an accident?

Because the accident could have been caused by the use of drugs.


Can a insurance company sue me after an accident. Because after their investigation they found me a fault. I was not issued a ticket for the accident?

Yes.


What can happen if after an At Fault accident the auto is totaled and you choose to cancel the insurance because you will not drive again and there are personal injury claims not settled?

If you were insured at the time of the accident, your insurance should pay up to the amount stated on your policy. It does not matter if you still have the insurance now. It is important that you had it on the daye of the accident.


Why LIC term insurance policy is costlier than other insurance companies?

Probably because, they are the best insurance company in India and have the highest claim settlement ratio


What if you have a past due balance on car insurance account then get in an accident?

You're probably screwed because your insurance most likely has lapsed.


If you have an accident in a company car can your company expect your private insurance to pay for it?

No, because you payed for it so they use your money to fix the car if you have an accident.


How much will the insurance premium increase for a 17 year old who has never been in an accident and received his first ticket for doing 80 in a 65 zone?

Because the cost of insurance is reletive to you, your driving record and the state you live in, You need to call your agent and ask him.


What happens if you are in a car accident and you have insurance but the person who causes accident does not have insurance?

My plan was denied and it was not my fault it was the other drivers fault because police and show up to make a police report it is really his mind


What if you have a fender bender accident and no police report. can the person you hit still file a claim on your insurance?

Absolutely. You have an obligation to report it to your insurance company and to cooperate with the settlement of the claim. If it was very small you can try to deal with the person directly to keep it from going on your insurance. Be carefull with this because you can't try to settle it your self then turn it over to your insurance company. You can contact them and ask them to get an estimate before you decide.


Do you have to let your insurance company know you were in an accident that was your fault if you have not heard from the other party or your insurance?

yes,because i might be covered with the third party


Will my heath insurance pay my medical bills if i was legally drunk when i had my car accident?

Over and above medical coverage on your auto insurance. There is no way you can get out of telling your auto insurance company about the accident, because the health insurance company will tell them about it first. This also depends on whether or not your State allows health insurance to cover such accidents.


Who do you sue if you are involved in an auto accident and the at fault party had no insurance?

You will definitely want to seek the advice of an attorney. Just because the at fault driver doesn't have insurance, doesn't mean they are not responsible for damages. If you have a strong case, you may wish to move forward with a lawsuit - to which there may be an out-of-court settlement. If the person you're planning to sue doesn't have any money, you may just be spinning your wheels because they won't even have the funds to pay any settlement. Choose your battle.


If no auto insurance will medical insurance pay?

If you have an auto accident and you do not have auto insurance with medical payments coverage for your injuries and medical costs, you may need to research the coverages available through your medical insurance policy. If you are not at fault for the accident that caused you injury, and the third party insurance provider has taken responsibility for the accident, the at fault party's liability insurance should pay for medical injuries up to the limits on their policy. Because you do not have insurance, receiving a claim payout might require more work because you do not have an adjuster working for you. If you were at fault for the accident and you do not have auto insurance, you will need to speak with a representative from your medical insurance company to discuss the coverage provided under that policy. You may have a co-pay or a percentage you are responsible for depending on if you have an HMO or PPO.


Is it mandatory to obtain classic auto insurance?

"It is not mandatory, but it is very heavily suggested because it helps pay in the incident of an accident. You can get liability insurance or collateral."


If you get in an accident while driving a friend's car will her car insurance go up or just yours?

In my experience, if someone drives my car and get in an accident, I think he or her insurance has to pay for the damage of the other party and mine pays for the damage of my car. However, her insurance should go up, but not mine because I am not the one who drive at the time the accident occurs.


When an individual has an automobile accident and someone is injured are they required to complete an accident injury claim with their insurance company?

When people have accidents in their automobile and someone is injured it is required to report it to the police and to their insurance company. This is because the injured person may need a doctors care and the person responsible for the accident is the one that will be required to pay through their insurance company.


Why are insurance rates higher for age sixteen?

Because you have no experience driving and are at greater risk of having an accident.


Why is insurance so expensive for teenagers?

Because people tend to believe that teenagers are more accident prone.


Can a driver be charged for telling law enforcement at an accident scene he does not own the car because he does not have insurance?

yes,


What happens if you rear end someone but neither of you has insurance?

The other person can sue you because you are at fault for the accident.