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Do you have to receive your stolen vehicle from the insurance company?
Wiki User
∙ 14y ago
Generally speaking:
If they have already made a settlement and recoverthe vehicle later, you may have the option of returning the settlement and taking the car back.
If they recover the vehicle before settlement is made, you have to accept the car. They are not required to make a cash settlement.
If the car was damaged by the thief, they would have to settle for the difference in value (less your deductible).
Wiki User
∙ 14y ago
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Whose insurance covers items stolen from a company vehicle at home?
I think that your insurance covers the items that were yours that were stolen, and the company's covers the car damage.
If your auto is hit by a stolen vehicle who will pay for losses like deductibles and other expenses?
You or your insurance company. The owner of the stolen vehicle would not be responsible because their vehicle was stolen and the driver of the stolen vehicle's insurance would not cover it because he was driving a vehicle that was not on his policy and he did not have permission to drive.
If a vehicle is stolen and is only covered by PLPD will the insurance company pay for the loss?
You must have comprehensive coverage in order to recover on a claim from your insurance company if your vehicle is stolen. Liability only is just that, liability for your legal liability for damage or injuries to others.
Whose insurance company do we report to if the vehicle that was stolen was borrowed from a friend?
You should report the theft immediately to the police and to the car owner's insurance company.
How many days does it take for the insurance company to declaring a stolen vehicle a loss?
hello hi
Why is my insurance company telling me my stolen vehicle is under investigation?
It's standard procedure for an insurance company to investigate any and all claims made by it clients to insure any fraudulent activity is not occurring. For example they want to make sure that your car was 'legitimately stolen" and that it is not been illegitimately asked to be taken or possibly hidden just to receive the insurance money.
What can you do if your car was stolen and you only have liability?
Unfortunately, there is nothing you can do with your insurance company. If you only have liability insurance, they do not pay anything to have your vehicle replaced.
Can the insurance company deny your claim for stolen vehicle if the car payments are behind?
No, that wouldn't be a reason for claim denial. It may be a reason for them to investigate you for insurance fraud.
If a vehicle that has been stolen is involved in a car accident and is at fault whose insurance will cover the damage to the second vehicle?
The second vehicle will be covered by it's own insurance. That company will then attempt to sue the driver to recoup it's losses
If a car that was reported stolen hits your car why would the stolen car's insurance company refuse to pay for damages?
Probably because the owner did not exercise normal precautions and by leaving the keys in the vehicle actually participated in its theft. Call that lawyer who advertises on TV. If he can't get the insurance to pay, he'll get a judgment against the owner. The owner of a stolen vehicle is not responsible for the actions of the thief that stole their vehicle. If there is no liability on the owner, the insurance company does not owe the claim for property damage to others.
How do you write a journal entry for a stolen company vehicle and insurance payment?
Assuming you receive cash from the insurance company, rather than a replacement vehicle: Credit the Fixed asset account for the vehicle at cost. Debit the Accumulated depreciation account for all depreciation recorded on the asset Debit Cash for the amount of cash received. If the difference between these accounts is a credit, then credit Gain on insurance proceeds from casualty loss. If it's a debit, then debit Loss on insurance proceeds from casualty loss.
If vehicle is stolen from your home which insurance covers?
Either.
