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What else can I help you with?
Who owns the salvage in an auto accident?
Either the cars owner or the insurance company who paid for the totaled vehicle
Does an auto insurance company have to pay for a deaf interpreter to find a new vehicle after yours has been totaled?
What. Why would you think this is required? An insurance company will not find you a new vehicle is your is totaled, they will pay you the actual cash value of the vehicle you had.
What is the difference between full coverage auto insurance and liability only insurance?
Full coverage auto insurance covers everything. If the car is totaled they will will replace it. Liability auto insurance will only cover medical bills, and not the car if it is totaled.
What percentage of auto insurance losses are used to determine premium?
All auto losses are used to determine premiums. All claims paid plus expenses of the company are added up to determine if the insurance company has a profit or a loss. Auto insurance companies usually try to break even on underwriting of auto insurance policies. If they can break even on the insurance then they will usually make money on investing the premiums and be profitable for the year.
What happens when a vehicle is totaled and you owe a finance company more than what the insurance company offers?
Auto dealers would normally offer you a Guaranteed Asset Protection plan attached to your amount of the auto. This GAP is technically insurance of your asset, the car for payment of the remaining amount owed the finance company after the regular insurance pays their amount.
Your wife is not on your auto insurance policy She has rear ended another driverand his vehicle was totaled by his insurance company What are your responsibilities?
If she was driving your vehicle, with your premission, it would fall under your insurance and they would have to pay for the other drivers vehicle
Can you put an Insurance claim in on an already totaled auto?
Yes, you can put in an insurance claim for any reason. It is up to them to pay or deny any claim. It will be tough to determine which damage was there prior to any other accident.
How do you start an auto insurance company in Texas?
How do I start an auto insurance company in Texas?
If you got your insurance three and a half weeks ago and you got caught in a tornado and an oak tree fell on your car and totaled it Will your insurance cover it?
If you have comprehensive coverage in effect on the date of loss, it should be covered.(I'm an auto rep for an insurance company.)
What auto insurance company has the code number 962?
What auto insurance company has the codenumber 962?
When was Safe Auto Insurance Company created?
Safe Auto Insurance Company was created in 1993.
How do you know if you car is totaled?
You need to file a claim with your auto insurance carrier. The insurance adjuster will physically examine the vehicle's damage. If the estimated cost to repair all damages exceeds the total value of the car, then the insurance company will total the car. This means they will write you (or the lender) a check for the total value of the car before damages.Most of the above is true but a car is considered totaled when the repair costs exceed 50-75% (depending on the state you live in) of its actual cash value. If it is totaled you will sign the title over to the insurance company and they will take ownership of the car after they pay you.
