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Yes, in the sense that the liability insurer for an at-fault driver/owner is responsible only for the actual cash value (ACV) of the damaged vehicle. The ACV is roughly equivalent to the market value of the car immediately before the collision. This takes into account make, model, mileage, accessories, and other salient factors. There are standard industry guides to help ascertain the ACV, and an insurance adjuster will also look to the going price of like kind and quality vehicles being locally advertised.
The law of many states requires an insurer to "total" a car when the cost of repair exceeds a stated percentage of its ACV. In that case, the insurer may not have a choice, and the only things to negotiate is the precise dollar amount to be paid, and whether or not the owner will be allowed to retain the salvage. If the owner does keep the salvage, the insurer will deduct that value from the payment made.
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Is there ever Racial profiling in auto insurance companies?
No, Auto Insurance Applications in the United States do not ask a persons race.
Does auto insurance cover any driver of your car?
no, the driver has to be on your insurance or have there own insurance. if your driving and the persons with you then yes
Whose auto insurance will cover you if driving another persons car in Florida?
The insurance policy on the vehicle you were driving will pay any damages assuming the owner of the vehicle and the owner of the insurance policy is one and the same.
Will auto liability insurance follow a driver if they steal an auto?
NO, All auto insurance policies specifically exclude coverage for accidents and claims that arise from criminal activity other than normal traffic violations. Auto theft is a felony in the U.S. No Auto Insurance Company in the USA would be obligated to pay for a claim arising from the Insureds theft of another persons property.
When you are in an auto accident with no insurance will the other persons insurance pay for their cars damages?
Their insurance policy will pay for their own car. However you must know it's against the law not to have insurance coverage for your auto.
Can you sue another persons auto insurance for not responding to your claim?
In the US, at least, the answer is yes. You can sue just about anybody for just about anything.A good resource for you would be your own insurance agent. Ask him/her about how to get an insurance company to respond to the claim.
Whose auto insurance will cover you if driving another person's car in the state of New Hampshire?
Primarily it is the other persons car but your policy may have coverages available.
Where can someone get an auto insurance quote in California?
You can get an auto insurance quote in California from major insurance providers such as Progressive and The General. Another option is Nationwide Insurance.
Who owns state Auto insurance?
State Auto Insurance Company is a large insurance company that writes auto, home, and other lines of insurance in most states. I don't believe it is part of another group but it owns other insurance companies as subsidiaries of State Auto.
What service does the company 'Keystone Auto Insurance' offer?
Keystone Auto Insurance provides insurance for a persons automobile in case of situations like an accident. It also helps transfer tags and titles and researches information through CarFax.
Can Motor vehicle release your auto insurance information to another insurance company?
Yes.
What are Independent Auto Insurance Agents licensed for?
They are independent insurance agents that work with other insurance companies to make sure your auto insurance is the best it can be, even if that means moving to another insurance company.
