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Answered 2015-07-15 19:47:38
What happens now is up to the LENDER. They may or may not want the wreck, but they certainly will want THE MONEY owed on the loan,
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Would you have to pay for a car that you wreck but isn't yours?
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.
Does your insurance pay for damages to your car if you have full coverage and someone living with you who had no drivers license took your car and wrecked it?
Probably not, most insurance companies hold the owner of a vehicle responsible for keeping the vehicle secured. Meaning even if the unlicensed driver took the vehicle w/o permission, the owner should have made certain that such an event could not have occurred.
Are boats cover under home owner insurance?
no, you should have boat insurance separately
Someone wrecked into my car and i need their insurance information all i have is the vin how can i get their insurance information?
If you have full coverage, just report it to your insurer and they will investigate it for you. If not, then you'll just have to find the owner. You can do that at your local police department when you make your accident report.
Does the registered owner of the car have to be on the insurance policy even if they don't have a license?
The insurance policy should be in the name of the registered owner of the car.It is not necessary that he should have a licence.The person who is driving the vehicle should have a valid driving licence.
Cosigner need insurance?
The cosigner on an automobile loan is not the person who has to pay for insurance on the vehicle. The registered owner should pay the fees for insurance. However, it is the cosigner's responsibility to make sure the registered owner is carrying insurance for the vehicle.
Who needs home owner insurance?
as everything you need insurance to protect you from things that can happen to something so you'll get a reduction on the full price of it. your insurance company will pay for it. you should get home owner insurance to help you in accidents and to be safe.
Can you have the insurance in your name but the car is registered to someone else?
Generally, no. The owner of the car must be the one on the insurance policy. In the case of a claim, the payment will be made to the owner and any lawsuit for damages will be filed against the owner. However, state laws vary and you should check the laws in your jurisdiction by calling a local car insurance agency or the DMV.Generally, no. The owner of the car must be the one on the insurance policy. In the case of a claim, the payment will be made to the owner and any lawsuit for damages will be filed against the owner. However, state laws vary and you should check the laws in your jurisdiction by calling a local car insurance agency or the DMV.Generally, no. The owner of the car must be the one on the insurance policy. In the case of a claim, the payment will be made to the owner and any lawsuit for damages will be filed against the owner. However, state laws vary and you should check the laws in your jurisdiction by calling a local car insurance agency or the DMV.Generally, no. The owner of the car must be the one on the insurance policy. In the case of a claim, the payment will be made to the owner and any lawsuit for damages will be filed against the owner. However, state laws vary and you should check the laws in your jurisdiction by calling a local car insurance agency or the DMV.
Who should be named owner of life insurance?
The owner of a life insurance policy should be the person or corporation that is responsible to pay the premiums on time and the one who is entrusted with power to change the beneficiary at any time. So careful thought should always go into deciding who the owner will be. Often, the owner is the spouse of the insured, but can also be the insured.
Do you have to be the registered owner of a car to get insurance on it?
Yes. Only a registered owner of a car can get the insurance. The insurance policy document and registration documents of a car both should be in a name of one person. The mismatching of documents leads to legal complications. So it is important to ensure that to get insurance, you have to be the registered owner of a car.
Does home insurance continue to the executor after a person dies?
The executor should contact the insurance company and notify it of the death of the owner of the policy.
Who pays insurance on a rental home?
The owner will usually have a policy but if you are a renter, you should have a renters insurance policy to cover your personal belongings.
If a car owner wrecks another vehicle can the owner of the wrecked vehicle sue both the owner and co-owner for property damages?
That isn't enough information. I suggest that you talk to a lawyer.
What is contingent owner on life insurance policy?
The new owner of a life insurance policy if the original owner dies before the insured.
What kind of health examination do you have to undergo before you can qualify for homeowner insurance?
You do not need a health examination to obtain home owner insurance. Your health is not an issue. If you were to suddenly die, after buying home owner insurance, the insurance company doesn't have to pay a death benefit, since home owner insurance isn't life insurance. What happens when a home owner dies is that someone else inherits the house. The new owner will have the option of continuing the existing home owner insurance policy.
Who is the owner og a life insurance policy?
The owners name is listed on the life insurance application unless it was changed at some point. Any change was also mailed to the policy owner and should be added to the policy. Only the owner can make changes to the policy.
How do you place a lien on a vehicle If you are willing to finance a used vehicle to someone how do you protect yourself?
On the back of the title there is a place for you to put the leinholder information. Just put your information there when you pay the money to the seller. If there is a leinholder, the insurance company will require the owner to carry full coverage insurance, therefore, if the car is wrecked, the insurance will pay you, the leinholder, and not the owner listed on the title. That way you will be able to recoup any money that is owed to you. You can only keep the amount that is owed to you and pay any remaining to the registered owner of the vehicle.
Where can you get the cheapest non-owner auto insurance in Florida?
Acceptance Auto Insurance offers cheap non-owner auto insurance in Florida. Non-owner auto insurance is designed for people who only drive occasionally.
What happened if you are owner of the car and insurance is on name of previous owner then can you claim insurance?
The insurance company, once things get sorted out, will probably deny your claim. On top of that, the previous owner screwed themselves, because their insurance will go up.
What is a better way to say Vehicle is damaged due to mistreatment?
"Owner wrecked car" or "Owner drove car into ground" It depends on the type of mistreatment.
Can your ex spouse drop your name off the homeowners' insurance if you are still on the property deed and mortgage?
Yes, The ex spouse may drop your name off the homeowners insurance, all the other party have to do is take out an homeowners insurance out in his/her own name. that way they know their investment is secure.Another PerspectiveNo. There would be a problem if there is a pay off in the case of a catastrophe. Your ex would have to list her/his name as the owner of the property and that would be fraudulent. If it was disclosed there was a co-owner the policy would go in both names. An insurance company cannot pay only one joint owner if the property is wrecked by fire or some other disaster. If you own the property and are paying the mortgage the insurance company would be liable for paying only a half-owner. You should consult with an attorney in order to get this issue resolved.
Does the owner or contractor purchase professional liability insurance?
Traditionally the contractor provides the Insurance. The owner verifies that the contractor has insurance prior to hiring that contractor.
How do you get insurance when you are not the registered owner of the car?
Answer:As long as you have the owners name on the insurance as owner you can insure it under your own policy
What is Landlords House Insurance?
Landlords house insurance is a type of insurance that protects the owner of a rental property from damage by tenants. This insurance can compensate the owner for cleanup costs and repairs as well.
Is there a company that provides general liability insurance for a first time car owner?
Any insurance company will be willing to provide a first time car owner with a policy. It could be more expensive for you though, because you haven't had a car before. You should check with Progressive Insurance.
