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Does an insurance company have to pay the lien holder directly after an auto accident?
Wiki User
∙ 9y ago
An insurance company generally does not pay the lien holder directly. The vehicle owner is responsible for paying for insurance coverage and will often deal with the insurance company themselves after a collision has taken place.
Wiki User
∙ 9y ago
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Can i collect on both sides my insurance and the faulted drivers insurance i have a lien holder on my car a?
No, you can't. When you collect from your insurance company, they will pursue the other driver's insurance because the accident wasn't your fault. When your insurance company finds out that you collected from the other insurance company already, they will come after you. It's called double-dipping and it most likely wouldn't end well.
Can the insurance company at fault deny paing for treatment to injury from auto accident?
Sure. Remember that an insurance policy is a legal contract wherein the insurance company agrees to accept risk from the policy holder according to the terms of the contract. If the policy holder does not live up to the terms of the contract then the insurance company may deny coverage. For example, if the person lied to the insurance company on the application then the insurance company may deny coverage. One of the terms of the policy is that the insured agrees to inform the insurance company of all residents of the home as well as regular drivers. If the insured does not list his 17 year old child who drives one of the vehicles regularly and lives in the house and then the child has an accident the insurance company could not be expected to provide coverage for the accident. Since the insured broke the terms of the policy which is a legal contract then the company probably will not provide coverage because the insured committed material misrepresentation and lied in a significant manner on the application.
What to do after car accident for insurance claim?
A non fault car accident claim indicates that the insured individual does not have to incur any loss. The additional advantage is that the policy holder gets reimbursed by the company that he or she has been a member of.
If you are the policy holder and you were involved in a car accident and your insurance declares your car totaled do you keep your car?
No, the insurance company takes the car and they give you the value of the car,(depending on condition,make,model,year,# of miles).
What are the benefits of using Globe Life and Accident Insurance?
Globe Life and Accident Insurance is a license holder for the named after insurances in the United States. They are rated A+ based on management skills, financial strength and integrity. They have 3,8 million policy holder.
Can an insurance company representing a driver who wasn't at fault in an accident go after the lien-holder of the vehicle that was driven by an uninsured driver who was at fault?
Yes. See an attorney, before they sue you.
If you are the policy holder with two cars with separate companies and you have an accident in one car do you have to notify the other insurance company?
do what ever man who cares about what we think.tell santa then cry him a river..
Can I collect maturity amount from insurance company?
Yes you can collect your maturity amount from insurance company. Infact insurance company send you an information in advance to policy holder regarding the maturity of the policy. The policy holder required to fill the form along with documents attached as per requirements. If the paper work is done properly and verified then the payment is either sent by post or directly credited in your bank account.
Is it legal for an insurance company to let you get liability insurance on a vehicle that has a lien holder on it?
Certainly, liability insurance has nothing to do with who owns the vehicle. It deals with protecting the owner of the vehicle if sued as a result of an accident. Collision and theft protect the owner of the vehicle from loss.
What will happened to the insurance member if the owner of the insurance company commit suicide?
An Insurance company cant commit suicide. So, I am not sure what you are trying to ask here. If you are asking about, what would happen if the insurance policy holder commits suicide? In that case too, nothing will happen. The insurance company will not pay any money to the deceased persons family. Insurance claims can be made only if death occurs by accident or natural causes. Not suicide.
Can an insurance company reveal medical issues of a spouse to the primary holder?
no
What does it mean to be a general liability insurance certificate holder?
If you are named as Certificate Holder on a Certificate of Insurance, the insurance company MAY or (in some instances) HAS TO notify you if the policy cancels prior to the renewal date.
