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Answered 2011-01-12 06:59:51

Rental car coverage is an add-on, check your policy to see if you are covered - if there was another vehicle involved in the accident and the driver was At Fault, his or her insurance should pick up the tab.

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Saga car insurance like any other car insurance company provides insurance based on the customers needs. Saga car insurance has the ability to customize client quotes to better serve said client and therefore will be good coverage for said client.

Insurance will pay to repair, replace, or pay the actual cash value of the vehicle at the option of the insurance company. On a new vehicle that is financed I always recommend that the client purchase GAP coverage. GAP coverage pays the difference in the actual cash value of the vehicle and the balance of the loan or lease payoff. This is a good idea especially in the first year or so after the vehicle is purchased. The first year a new vehicle depreciates so much that the GAP coverage can really help out. The cost of GAP insurance from you insurance company is much less than purchasing it from the dealer.

Yes, If your client has a claim against you for damages resulting from your professional advice or services, Your professional Liability insurance will provide coverage for the insured's defense cost as well as coverage for the client if you are determined to be liable.

An Insurance Underwriter is a person who determines the risk in insuring a client, evaluate insurance applciation and determine the coverage amount and premiums.

If some company or information provider such as a credit bureau has inaccurate information on you, you would need to contact that company to have that erroneous information corrected. Otherwise you will likely have more insurance companies deny you coverage based on the same erroneous information. The insurance company is not responsible for inaccurate information maintained by a totally separate business entity such as a credit bureau.

An Insurance Broker has a duty of care to the client to secure the best deal on the market by 'broking' the insurance requirement out to all insurance companies who will accept the risk. An Agent of an Insurance Company works only for the Insurance Company concerned and thus the client will get a quote from only the insurance company the Agent represents .

An insurance agency represents the insurance company. This is the decision of the client, not the agency or the company. This has no bearing on the fault of the accident...unless they have not inspected the vehcile yet...when in most cases the vehicle is stored at a facility.

If the other party has insurance then their "property damage" coverage should cover damage to your vehicle. If you happen to be at fault or there is some question as to who is at fault then it might be hard to collect from their insurance company. Only if the other party is at fault. If you have collision insurance, you can file the claim with your own agent. Then you will be paid for your damages, less your deductible, and when your company collects from the other company you will also get your deductible. If you do not have collision, you will have to file your claim directly with the at-fault driver's insurance. If the company denies your claim (and unless there is very compelling evidence that their client was at fault, they will), you will have to sue the driver. Then, IF YOU WIN the lawsuit, their insurance will pay.

If your client has his or her employees deliver food, whether in a company-owned vehicle or in the employee's personal vehicle, they have an Owned, Hired & Non-Owned coverage exposure. This coverage should be considered a "must have" for your client's protection. SISI offers a competitive program designed to provide Owned, Hired & Non-Owned auto coverage for the hard-to-place risks that the standard markets exclude. We can provide coverage on any type of fast food or other restaurant delivery, as long as there are no time guarantees.

once the insurance has paid out the policy limits that's it. they do have to defend their client if you choose to sue their client for further damages which you can do.

The client submitted erroneous information on the insurance form, and therefore, was denied coverage.

Company A holds your primary insurance coverage and A is involved in a claim situation with B--whether an individual or company. Company A can pay for the claim or its responsible portion of the claim and subrogate in suit against Part B so that the claim can be settled and ended for Client A.

To make this clearer I called this agent stating I wanted to make a claim against his client. He is an independent agent, and sells insurance from many companies. He is giving me the run around. Is required to tell me the name of the company that insures his client?

You do not sue the insurance company. Any suit is filed against the at fault party only. The insurance company will defend their client and pay damages according to the terms of the policy.

E&O coverage for insurance agents protects the agent against accidental errors or omissions. An error or omission can give a client a reason to sue you for damages. Carrying E&O insurance protects you and your business in the event of a lawsuit. The insurance will pay for the cost of the lawsuit and settlement, if any. The insurance company will usually provide a lawyer that is familiar with this type of law, so your chances of winning the case increase.

In short-term insurance client might disguise a crucial information before buying the policy, which he might disclose later to claim the amount, misguiding the insurance company.

No they do not. Ford credit is a financial institution which finances the sale of cars to the public. Sometimes they offer types of insurance like credit life and credit disability that are insurance products which pay them high commissions. They also offer products called forced place coverage through other insurance companies that are used when people fail to keep the proper insurance on their vehicles financed by ford motor credit. This coverage is physical damage coverage only to cover the amount financed so that ford motor credit does not take a loss if the vehicle financed is damaged and the client did not have insurance. This coverage is very expensive, only covers ford motor credit, and the cost is added to the clients account. It is not an insurance policy and does not provide liability coverage or any other coverages needed.

I've been in the Insurance Business 30 years, my Dad & Grandfather both were too. They taught me that if the client has the money for the premium, we have the policy. What is the need for the coverage?

To bring in new business into the company. To retain and service old account To create awareness on insurance product to prospect To educate prospect/client on the right insurance policies to be taken

Most personal auto insurance policies will exclude business use of your personal auto. So the answer is you most likely will need a separate business auto policy if you are using your auto for business. There are a few exceptions to this. Some personal auto insurance policies do have a business use class that was intended for the accountant, lawyer, counsultant type who drives from client to client all day long. Or possibly even a real estate agent might find coverage on the personal auto policy. Each insurance company has different rules on what types of "business use" they will tolerate. The best thing to do is call your agent and discuss the possibilites with him/her. And I always recommend, the best place to be is an independent agent. Independant agents have access to several insurance companies and can shop your insurance for you to find the best fit for your needs.

The Chicago Title Insurance Company has a strong track record for providing solid escrow and settlement advice, reasonable rates on title insurance and dedicated agents for each client.

With some companies they offer what is called a non-owners policy which allows you to purchase insurance coverage. These are used mostly because a client is required to have insurance coverage for a specific time by the Department of Motor Vehicles to straighten out their driver's license.

An insurance company helps people prepare for the unexpected disasters that can befall them as well as the expected ones. They do this by charging their clients a yearly amount which they place in financial investments that make the money grow. With this money, they have the means to pay for the claims that their clients file.How Premiums Are SetAn insurance company bases its operations on the amount of risk that each particular client presents to them. For example, for a health insurance company one client may present a high risk because he smokes. Another client may present a low risk because this particular client quit smoking more than five years ago. Because the client who continues to smoke has more of a chance of contracting several diseases such as emphysema, lung cancer and heart disease, the insurance company will force this client to pay a higher amount each year than the former smoker.Types of Insurance CompaniesSometimes, insurance companies specialize in one type of insurance. For example, health insurance companies, auto insurance companies and life insurance companies will all sell one type of insurance. But other insurance companies sell several types of insurance. The advantage of purchasing insurance with an insurance company that sells more than one type of insurance is that this company will have a discounted rate for these clients.Insurance Companies Finance RetirementPeople can purchase the retirement vehicles called annuities from an insurance company. These types of investments offer their clients retirement income for the rest of their lives. Each client invests a lump sum of money with the insurance company. After they have retired, the insurance company begins to pay each client a monthly sum based on the amount the client invested and the client's life expectancy. These payments are guaranteed to go to each client even if they live longer than was expected.Everyone who drives has the potential to be in a car collision. Everybody can fall ill or be injured in an accident. Their homes can burn down leaving them without a place to live. They may also pass away before they have had the chance to finish paying off all of their financial obligations. All of these circumstances as well as many others are why an insurance company sells people insurance policies. These policies give people the money they need to repair or replace the damages they suffer after they have experienced loss.

It really just depends on the circumstances and you insurance companies underwriting guidelines. If the 23 year old still lives at home and drives your vehicle(s), then most of your local insurance companies will have no problem with this. If the 23 year old has a separate residence and has his/her own vehicle then you are no longer considered to have a financial interest that vehicle or their insured status. You can not insure property when you have no insurable interest. Additionally many of the larger national standard carriers have internal rules that require your child to buy their own policy at a certain age. The company underwriting guidelines just prohibit you adding them after a certain age. This is not a legal matter but a business decision and marketing strategy on the part of the insurance company. At a certain age they want your child to get his own separate policy so the Insurance Company can begin to foster a separate relationship with them as new client.

An insurance claims adjuster is a worker that works with the client and the insurance agencies to find a point where both the client and the insurance agency can agree on a set price and rate for the client and insurance agency.

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