How can you have GAP insurance on an uninsured car? You have to have a basic policy to add this.
actually the terms of my GAP insurance stipulate coverage of a total loss even without primary coverage. that surprised me, but it states "if there is no primary insurance at the time of loss, actual cash value shall mean the retail value of the vehicle...". this raises some interesting issues about not carrying collision, but as GAP only covers the difference between book value and loan balance under the condition of a total, and in NJ at least, to have a car loan you must carry collision, the point seems rather moot. maybe other states don't require collision with a car loan [but I doubt it]...in any event, GAP wouldn't cover anything less than a total loss.
A little twist to your question.
What is the answer to the following question.
Does GAP Insurance cover insured vehicles (comprehensive) in a total wreck, when the claim is denied?
There are many insurance companies which provide coverage on wrecked vehicles. Typically, these vehicles will need to be fully insurance. Liability insurance does not cover a wreck. Geico, Progressive, Allstate, and State Farm all have policies which cover a vehicle in case of a wreck.
In auto insurance, 'uninsured insurance' refers to a type of coverage for accidents caused by a motorist without insurance or hit-and-run accidents in which the driver who caused the wreck cannot be identified. In other words, your insurance may cover the cost of damage to your car, medical expenses, and other expenses. http://www.superpages.com/supertips/what-is-uninsured-or-underinsured-motorist-coverage.html
Both the uninsured driver and the friend are in trouble. My GUSS IS the uninsured friend will be liable to any damages he has caused The uninsured friend will be responsible for the damages to their car If insurance is required in your state, the uninsured friend and/or driver could face criminal charges
It does cover your liability for property damage and medical expenses if you were at fault. If you have collision insurance, your vehicle will also be covered.
depends on your insurance plan, call your adjuster.
It really depends on the type of coverage you have. Normally if that person had permission to drive the vehicle, you have full coverage/collision insurance, and that person was at fault your insurance will cover damages. If someone else caused the accident, you would still receive damages from their insurance if they were insured. Sometimes however the driver's insurance would cover your damages under certain circumstances. As always, it is really best to ask your insurance carrier or refer to your most recent coverage letter from the company.
Who is it that doesn't have insurance (your, or the 'other' person)? If you don't have insurance and are at fault there is no way you can receive any money for the car. If ther other person involved is missing insurance then you will still be covered if you pay for collision or uninsured motorist.
The Driver "and" the Vehicle Owner are both jointly and severally liable for all damages. She should contact her Insurance Agent for advice as to whether or not the Auto Insurance Policy will provide coverage for the unlicensed driver
Gap insurance does not cover repossession anything. It only covers if you wreck the car and owe more than it is worth.
If the vehicle has insurance it will cover damage to the other vehicle but not the one you are driving. Now if you have insurance on another vehicle your insurance will cover the damage to the vehicle that you where driving even though it is not on your policy.
Every state is different. Where I live, if you are the responsible party in the wreck then your insurance has to repair the vehicle that you hit. You will be responsible for paying your deductible to have your vehicle fixed. Also the driver without insurance will be ticketed by the authorities if they are present.
Your PIP insurance will in most cases cover your medical expenses even if you do not possess the required health insurance in Texas. This would pay for your medical expenses in a wreck.
They may not if there is a clause in the insurance agreement that the insurance will not be paid out in the event that an unlicensed driver is in control
Are you planning to have a wreck or did you already have one? Call and ask your agent or claims agent.
Depends. If you are at fault, the other insurance company has to cover property loss. Personal property loss is most likely an option (not basic coverage) on your policy.
If you had collision insurance on the car at the time of the accident that should cover the value of the vehicle. Even if you were drunk you were still at fault and probably didn't crash your car on purpose.
If you wreck your car, then it is usually the insurance that pays for you ;)
As long as he had permission, then yes. If you are going to try to claim that he/she didn't have permission, that's a whole other story.
The quality of the coverage is probably the largest factor. If you are in a car wreck, will they cover the cost?
Whether the drivers injures are covered under the insurance depends on the type of insurance carried. It also depends on if the wreck was their fault or not.
Check your policy, it may have a clause that says it does not cover the vehicle when it is being used for commercial/business purposes.
Vehicle insurance is compulsory in the United States and Canada. One can face a fine in addition to other punishment in addition to being open to a direct lawsuit by the other driver. Depending on the severity of the wreck, it may cost a whole lot of money.
If you wrecked it, you will be held responsible for it. And the owner could sue. If they gave you permission, their insurance would probably cover it, but the insurance company might come after you. And the owner would certainly want you to cover their deductable.
The vehicle owner is responsible for 100% of the damages. They can let anyone drive their vehicle as long as they have a valid license (being uninsured is not a factor), but if they turn their vehicle over to an unlicensed driver, the insurance company will not pay that claim.
If the DUI was the cause of the wreck, probably not. You will need to check your policy to see what it says, since there are many options for insurance.