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Can the at-fault driver's carrier insist on only paying your deductible even though you do not want to go through your insurance carrier for the balance?
Wiki User
∙ 8y ago
Well, if they are going to pay the deductible directly to your insurance carrier and they except that, and pay for the claim themselves, it has nothing to do with you or your policy
This question is a little open ended, but if you have reported the incident to your insurance and your going to accept the rest of the cost of repair out of your own pocket then their "deductible payment" would really just be viewed as a payment on your policy. Further lowering your next renewal cost or sometimes if you owe nothing the insurance my give this back to you. This would not be reflected necessarily as a claim issue.
Wiki User
∙ 8y ago
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What is an example of a deductible?
A deductible is your "skin in the game" so to speak. A way of reducing insurance premiums is to increase you're deductible, thereby reducing the risk of the insurance company. If you had an insured loss of $1000 and you had a deductible of $250, you would be paid $750 by your insurance carrier.
Do you contact the at-fault person's insurance or does your agent and if your insurance pays for your damages does his have to pay the deductible?
Quite often, when the other carrier has accepted liability but you have had your damages taken care of by your own carrier, the at-fault carrier will agree to send you your deductible. Any of you can call the at-fault carrier and request this, though they'll need proof from your own carrier as to what the deductible is. If, however, there's a liability dispute between your two carriers, you'll have to wait until your carrier subrogates and/or arbitrates the other carrier. All this means is that your carrier will ask for their money back, including your deductible, and if the other carrier declines, your carrier will initiate arbitration. Your carrier may or may not win; if they do, they get their money back and can send you your deductible.
If your car is vandalized who pays for the damage?
The vandal if the can be found and sued. Otherwise your insurance if you have full coverage. You will pay a deductible and recover the deductible if the vandal is ever found and successfully sued by your insurance carrier.
Can your insurance carrier raise your deductible without your knowledge?
No, they must inform you of changes to the insurance contract. However, if they sent notice, they will usually have file information on when and where sent.
How do you take the windshield out of a 96 cavalier?
Call an auto glass replacement shop. Not a DIY project. Most insurance companies will cover a broken windshield with no deductible. Check with your insurance carrier.
Is it typical for an insurance company to require the deductible paid to them even if the accident wasn't your fault and you will be reimbursed for losses by the other driver's insurance?
I can't think of a time when the deductible is paid to the insurance company.......typcially would be paid to the repair facility, and is deducted from your settlement draft........i am assuming the following senerio: your vehicle was damaged and the other parties ins co had accepted liability, your vehicle is in the shop and you will need to pay your deductible when the repairs are complete? two thing generally happen here......some times the other carrier will go ahead and issue the deductible on your behalf then when the 'supporting documents' have arrived they will pay your insurance company back (subrogation).......or (and unfortunately mostly), your company and you (via your deductible) pay the claim, then ''at fault'' carrier pays your insurance company back including your deductible, your company then reimburses your deductible to you...another option if you haven't already got your vehicle under repair....is to allow (some times wait) for other carrier to pay entire claim......if you could give me more information perhaps i can help you more......
What is covered under private medical insurance?
Coverage under private insurance varies greatly based on your carrier and your deductible. Most private medical insurance is a cushion against major catastrophes like a sudden heart attack.
What do you do if the driver who hit you does not agree to contact their insurance company?
If you have their driver's license number or the license plate number from their car, you can call the Division of Motor Vehicles for your state to obtain insurance information. From there, follow that company's procedure for reporting a claim. You could report the loss to your own insurance carrier and even make a claim if you think the damages exceed your deductible. Your insurance company would then contact the insurance carrier for the other party and make a claim to recover any amounts they had paid you, including your deductible. This is called subrogation.
If someone hits your parked car does their insurance company pay and do you still pay your deductible?
If you decide to go through your carrier -- and assuming your policy doesn't have a provision for waiving your deductible under these circumstances -- then, yes, you'll have to pay your deductible.Your carrier will then pursue the at-fault party for all monies paid, including your deductible.Keep in mind that applying your deductible has nothing to do with liability. It doesn't matter if your car was parked and unoccupied, or if you were rear-ended. Rather, the deductible is the portion you agreed to pay in the event of ANY loss, regardless of liability.If the at-fault carrier agrees to pay for the damages (which they should, given the facts-of-loss), then you're correct: You wouldn't pay your deductible.Your deductible applies only if you're going through your own carrier, and even then, the at-fault party still owes for ALL the damages. By avoiding your own carrier, you shouldn't have to pay out-of-pocket for any of the damages.Also, if you do decide to go through your own carrier, they might waive your deductible if they confirm that the at-fault driver has active insurance, and if they confirm that the other carrier is willing to pay.A personal experience:When I called my insurance company about this, they told me that if the at-fault person's insurance company (I'm assuming they're at fault since they hit a parked car) assumes liability (again, since they're most likely liable) they'll cover the damages and I won't have the pay the deductible. Did I hear this wrong? Also, I live in Pennsylvania, and from what I hear our insurance laws are a little goofy.
How can comprehensive car insurance be cheap?
Comprehensive car insurance can be cheap by having a higher deductible, getting any available discounts from your insurance carrier, or having a lower amount of coverage. You can also have cheap comprehensive insurance by having a less expensive car.
If you have met the deductible with your insurance company for the year and you change insurance companies in the same year do you need to satisfy another deductible with the new insurance company?
Not necessarily. It depends on the "Plan Year". For example, if your plan has a calendar year of January 1 through December 31, and by September 15 you have met your deductible, the new insurance carrier would have to issue a Deductible Credit Transfer because you have already met the deductible for the plan year. However, if the new plan has a plan year that runs from September 1, through August 31, then by September 15, your plan has already started to run and the deductible after September 1 only is the amount you can apply. YES
What carrier has the best Volvo car insurance?
"State Farm is the best insurance for Volvo as its price is on par with that of progressive, Geico etc but its protection and deductible are much better suited for the price point of the Volvo brand."
