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Do you have to inform your insurance company if your car is damaged whilst parked at night but the other drivers accepts full liability and his insurance bear the full cost?
Wiki User
∙ 12y ago
In general, If you have no claim or loss to submit to your own insurance company for payment then their is no need to report it. However, most insurance contracts (policy) do contain language that require you to report all losses within a reasonable time whether At Fault or not.
Bear in mind that should the other parties insurance company fail to cover your damages fully or the other driver later denies liability, you could experience some difficulty or delays getting your own insurance company to pick up the loss difference. Also insured losses are required to be reported within a set time frame. If you find you need the coverage from your own company and the required reporting time has expired your own company could deny coverage for the loss.
One option often used is to report the loss to your company so that you don't go past the required reporting time. But when doing so tell your own insurer that you do not want them to set up a claim just yet as you expect the other party to cover your loss. This way you have documented the occurrence with your insurer but not yet filed a claim. If you subsequently have difficulty with the other insurance company then you could call your insurer back and ask them to go ahead and initiate a claim based on your prior report.
Wiki User
∙ 12y ago
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Will just having liability insurance cover your car if it is damaged?
No. Liability covers the others and their property.
What does public liability insurance cover?
Industry and commerce are based on a range of processes and activities that have the potential to affect third parties. Public Liability insurance covers these third parties who may be physically injured or whose property was damaged as a result of the company.
What does employers public liability insurance cover?
Industry and commerce are based on a range of processes and activities that have the potential to affect third parties. Public Liability insurance covers these third parties who may be physically injured or whose property was damaged as a result of the company.
Does liability insurance get you money for a car if your car is totaled?
The other parties liability should if it was their fault. Your liability should cover the vehicle you damaged.
Will your insurance pay if the accident is your fault and you only have uninsured motorist insurance?
If all you have is uninsured motorists then no it will not pay. you need liability insurance to pay for damaged caused to another. Liability is what your supposed to have.
What is your liability if your finance company repossesses a damaged car?
100 percent
Does your homeowner insurance policy cover for damaged driveway caused by delivery truck?
this is something that you should discuss with the delivery company first. It is likely that their liability insurance would cover something like this. If not, then discuss it with your insurance agent. hope this helps!
I have liability only and was involved in a hit and run but you hit some other cars when you were hit?
If you were the victim of hit and run driver, and your vehicle damaged others as a result - notify your insurance company and it, and the insurance companies of the other damaged vehicles, will engage in what is known as "subrogation" of the costs of repairing the vehicles involved.
What does collision coverage What does collision coverage?
In automobile insurance, collision coverage provides for repairing a vehicle when it is damaged due to the fault of the insured. Liability insurance provides for cost of repair of the OTHER vehicle if you damaged it.
Does liability insurance cover towing for the insurer?
Liability insurance only covers damage you did to the other vehicles, property, and persons. It does not cover any damage to your vehicle or yourself. Towing your vehicle would only be required if it was damaged, so your liability insurance won't cover it (but the other person's liability might depending on the actual findings of fault).
If the other persons car is damaged do you have to file a claim?
No, they will file a claim with their insurance company and their company will talk to your company. Assuming you swapped insurance details.
When borrowing a pickup and hauling furniture something flew out and damaged truck He only has liability will that cover it or will your insurance have to cover it?
Liability would only cover the insured for his damage to the property of someone else. Your insurance will have to cover the damage to his truck.
