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Can you collect more than the at fault person is insured for?

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Answered 2015-07-15 21:41:15

You can win an award for more than the insurance limits. Now, try to collect the extra directly from the insured. Good luck.

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Can you sue an insured person in an auto accident if they were at fault?

You need to be more specific about where the loss occurred. If it happened in a no-fault jurisdiction, your right to sue is typically more limited than in a tort jurisdiction.

Can you deny the benefits of an insurance policy if you are the owner so the beneficiary can collect the proceeds of the policy tax free after the insured is deceased?

I assume you are talking about life insurance. As the policy owner, you have no right to benefits so there is nothing for you to do. Benefits are only payable to the beneficiary unless all beneficiaries are deceased prior to the insured then it would be paid to the estate of the beneficiary. The owner of the policy basically has control of the policy before the insured dies. They are the only one who can change address, payment method, beneficiary, etc. If the owner is not the insured then the owner is the only person who can make policy changes. The insured person has no control over the policy if a different person is the owner but after death the owner has no more rights. Also, all life insurance is tax free as long as you never deducted the premiums for tax purposes.

If you were injured in an accident and have no insurance is the person at fault liable for the damages and medical bills?

well yes, the person 'at fault' is generally always responsible, but not enough details in your question, there are many exclusions that could apply, more info/loss details and i will try and be of more assistance.

How do you file a claim on your own to an insurance company after being involved in an accident that wasn't your fault?

call the at fault company and advise you need to report a claim...give them all the info you have on their insured, they can set up a claim and proceed with the claim investigation..if you need more info/help please provide more details and I'll see what i can do.........

What if I am rear ended and other driver has no insurance and no license Can I collect restitution from the state since the driver is illegally driving?

No, The at fault party (meaning the person who rear ended you) is responsible for your damages. Unless you could prove that your "State" was somehow responsible for yo being rear ended, You could not prove your state Liable for your damages.If you are carrying adequate coverage including uninsured and under insured motorists coverage then you will be covered for such a loss. Your insurer could pay your damages and then seek reimbursement through the courts from the at fault uninsured driver whom you allege was driving illegally.If you purchase only the minimum coverage and left uninsured, under insured motorists coverage off your policy then you accepted the risk that such a loss could happen.AnswerNo, of course not.If you were mugged, could you get reimbursed by the state since the mugger was committing a crime?That said, if you could collect restitution from the state, states would get a lot more serious about enforcing their insurance laws.

In New Mexico can a person collect unemployment if they ask for a temporary leave of absence and then the employer fires them?

It sounds like there is more to the story than what is told here. If you lost your job through no fault of your own, the unemployment investigators would check out all the facts in the case. If you were innocent, you would most likely collect benefits. If, under New Mexico's laws you were in the wrong, you would not.

Do siblings share life insurance payouts?

Life insurance proceeds are payable according to the beneficiary designation made by the insured and that is a part of the insurance policy. As such, the beneficiary can be any person or entity that had an insurable interest in the life of the insured at the time of the policy's inception. Concievably, that can be one or more of the siblings of the person insured. However, the insured is free to change the beneficiary(ies) at any time prior to death. If the insured designates his/her estate as the beneficiary of the policy, upon death, the proceeds are paid to the estate and distributed per the terms of the deceased's Will. If there is no Will, the proceeds, along with other assets of the estate, are distributed according to the laws of intestate successation of the state in which the insured died.

What can occur when a person owes more money than he or she can earn or pay to creditors?

A person can lose everything he or she owns when creditors move in to collect what they are owed. A person might have to go through bankruptcy.

What is fault elevation?

Elevation can impact how active an earthquake fault is. Studies have shown that the higher in altitude a fault line is, the more active the fault line is.

Is Hamni bank FDIC insured Is your parent company Mirae What are the assets of your bank.?

Hamni bank is FDIC insured. You can read more about them at Hamni.com.

If you have right of way and hit another car at a four way intersection who is at fault?

More than likely, the other person is at fault because when you have the right of way, then they should stop. Specifically, if you came to a full stop and the other came to a rolling stop and hit you, then they are at fault. Usually if both of you stop at the same time, the person on the right has the right of way.

What can you do if someone totaled your car and don't want to pay for it?

You can sue them if there is a chance of collecting anything, but it's hard to collect even if you prevail and they have money. First wait until fault is determined unless you are in a no fault state. Hopefully, the other insurance co will pay, if not hopefully, you had more than liability.

The Federal Deposit Insurance Corporation insures bank deposits up to per deposit?

$100,000This is sort of complicated. Per www.fdic.gov:"The basic insurance amount is $250,000 per depositor, per insured bank."The $250,000 amount applies to all depositors of an insured bank."Deposits in separate branches of an insured bank are not separately insured. Deposits in one insured bank are insured separately from deposits in another insured bank."Deposits maintained in different categories of legal ownership at the same bank can be separately insured. Therefore, it is possible to have deposits of more than $250,000 at one insured bank and still be fully insured."

Why do apartment owners charge a higher security deposit when a person has bad credit?

People with bad credit histories may have other bad behaviors. Also, it would be more difficult to collect for damages from someone who has no money. That all makes it wise to collect more up front.People with bad credit histories may have other bad behaviors. Also, it would be more difficult to collect for damages from someone who has no money. That all makes it wise to collect more up front.People with bad credit histories may have other bad behaviors. Also, it would be more difficult to collect for damages from someone who has no money. That all makes it wise to collect more up front.People with bad credit histories may have other bad behaviors. Also, it would be more difficult to collect for damages from someone who has no money. That all makes it wise to collect more up front.

How much money is insured in a bank account?

As much as $100,000 is insured in an FDIC insured bank by the full faith of the United States government. Only the $100,000 dollar amount is insured at each insured bank including principal and interest due. You cannot have more than this dollar amount insured regardless of how many accounts you have or with how many different branches or division of the bank the deposits are in. You can however have more than $100k if it is separated into different accounts that each have differing legal structures of ownership. Some investment and retirement accounts are insured by the FDIC up to $250,000.

Is there a difference between who owns a boat and who it is insured to?

Yes. Most companies will not insure an individual with a boat or any property if there is not a financial interest between the property & the insured. More specifically, it has to be titled and/or registered to the listed insured on the policy.

Does it matter if a person is insured by more than one company?

No. The only thing that matters is when you apply for life insurance is to tell them. There are limits on how much insurance you can get based on income and needs.

When a claim is filed do you only get the amount of the policy?

You can only collect the amount of your actual loss but no more than the limits on the policy. If a person does not have enough limits on his policy and he hit you then you can sue him for more but you will not be able to collect the policy limits amount then still sue for the remainder of the loss.

In Illinois can a person collect unemployment if they resign from their position?

Among other qualifications in Illinois you must have lost your job through no fault of your own. This would include resigning, unless of course the reason for resignation was harassment, working conditions or other work conditions that were intolerable. See the Related Link below for more information.

A crack in earth crust is a?

A crack in the Earth's crust is called a fault. An example is the San Andreas Fault. At a fault there are usually more earthquakes than away from the fault.

Where can you collect information about Virgie Ammons?

we can collect more info from books and other stuff like magazines computer and more

What happens when a person has more than one life insurance dies?

You should try to collect on all of them. Unless they are contested, you should have no problem.

What happens if you get into an accident but only have a license but no insurance but the other person has a license and insurance?

Two problems... First, if the accident was in any way your fault, then you are on the hook for that percentage of the cost of the accident. Since most accidents are never 100% one person's fault, this could cost you thousands or more. Even though the other driver most probably has un-insured/under-insured coverage, you can be assured that he/she will subrogate the claim, and their insurance company will come after you for payment. Second, many states require insurance as a requirement for driving a car. Failure to have insurance is a chargeable offense, and you could be fined and/or jailed because of this. At minimum, you can expect that your license will be suspended or revoked.

If a hit and run vehicle knocks an insured moving vehicle into your liability-only parked vehicle whose insurance pays for damage to your car?

The "At Fault" party is responsible for your damage, regardless of who ran. The driver who ran from the scene is not necessarily the at fault party. The question is who caused the accident? That person is responsible for the damage. === === == It seems that you alone will have to pursue payment from the insured vehicle that hit you. If you had comprehensive coverage, your insurance company would have paid for your damages (or totaled your car, whichever is more prudent) and would have gone after the insured vehicle that hit you. As it stands now, you can try and work with the insurance company of the car that hit you or sue the driver for repair costs. Both are laborious processes. Do yourself a favor and buy comprehensive insurance, which isn't too expensive and, trust me, will come in handy one day.

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