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Depends on what insurance company it is.
It can take up to six months or longer if there where injuries involved.
There is no time set by law. The process takes as long as the insurance company says it takes.
I have a whole life insurance policy, how long does it take to cancel it, also can I get money back from it.
The insurance companies do not like to give away their money on accident settlements so they take their time for a number of reasons. One is to let them fully analyze the nature of the injury of the plaintiff and the liablilty of their insured. This keeps them from overpaying on injuries. A second, is to simply stall the issue hoping the plaintiff will get itchy for the settlement and maybe get afraid that a jury might award nothing. This makes plaintiffs agree to take less. A third is that as long as the insurance company still has the money in its own accounts, it is invested and earning money for it. Insurance companies make the most of their money by investing the premiums, not just keeping them. The longer they keep the settlement amount the more money they make on their investment. I am sure there are more than just these, but these are enough for now.
When you take a loan out on a car, the company that loans you the money requires you to carry insurance to cover the loss of the vehicle in an accident. If you do not provide them with information, or do not carry insurance, they will get insurance for you, and charge you the cost.
When someone is in an auto accident it often seems that the settlement takes a long time to come to a conclusion. This is because all parties must provide information to the insurance companies and the insurance companies must undertake a thorough investigation.
It depends on if you have a lien placed on your vehicle (by you lender. If you own the car free and clear, you can take the insurance money and not repair the car, but if there is a lien on your vehicle more often than not the insurance company will make the check out to you and your bank.
The AAA life insurance offers insurance that will cover an accident, whether it be in the UK or when travelling. This means that when an accident happens, the AAA will take all responsibility and help through the payments etc.
You get a ticket and your insurance goes up. You can not drive without a license and if you cost the insurance company money they raise your premiums especially if you get a ticket
most insurance companies do not offer or you must pay extra money for coverage on the larger box trucks. This is why the rental companies offer the coverage. It is easier and usually less money inthe long run. Most likely the rental company will bill your son for the damages.
Report the accident to your insurance company. If this was a single car accident - meaning yours- your insurance will have to pay for the repairs minus your deductible. If another party caused the accident you need to turn their insurance information over to your company and they will take it from there.