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If you have full coverage insurance and have a car accident will the insurance company pay off your car if you still owe on the car?
Wiki User
∙ 15y ago
If you're filing the claim through your own collision coverage, your car insurance will pay the actual cash value (ACV) minus your deductible at time of loss. This may not be enough to cover loan due to interest, negative equity, etc. You can look at buying gap coverage either through your finance company or your insurance company if this concerns you. The best available resource for determining your ACV is www.nada.com.
Wiki User
∙ 15y ago
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Can you still collect on your own insurance without paying the deductible after an accident.?
If you have collision coverage on your vehicle you can collect from your insurance company for the damages. You will not have to pay the deductible if you were determined by the insurance company to not be at fault for the accident. They then go after the other insurance company to get the money they paid you back. If you do not carry collision coverage then you need to file with other insurance company, they will then decide who was at fault for the accident if their party was at fault they then pay you for the damages to your vehicle.
Is insurance company still liable for medical payments even you no longer carry that insurance?
The insurance should cover an accident while it was in force. If you had insurance 2 months ago and the accident happened 2 months ago, coverages should apply. If the accident happened today and the coverage stopped 2 months ago, there should not be coverage.
If you are in an accident and the other driver says you were at fault does this mean your car will not be repaired by your or their insurance?
No, if you have the right coverage (collision) your company will still pay for your car.
What do you do if your insurance lapses during an accident?
Your insurance is either valid on the day of your accident or it isn't. If you are asking what happens if the policy was valid on the day of the accident but lapses before the claim is settled then the coverage that was in effect the day of the accident still applies. If your policy was not in effect the day of the accident then coverage will not apply.
If someone with auto insurance hits your car do you still need to report to your own auto insurance?
It really depends what state you live in. Although if you have full coverage on your vehicle you should report through your company and your company will go after the other insurance company to get their money back. If you have no collision coverage for your vehicle then you will need to file with the other insurance company and they will decide who was at fault for the accident, if their insured is at fault they will repair your vehicle
What do you do if your motorcycle is totaled in an accident with no insurance but you still owe on the bike?
you still owe on the motorcycle. that's why banks require full coverage at the time of the loan-so that they will get their money. Since there is no insurance company, YOU are responsible for paying off the loan.
What are car insurance laws in California if someone hits me and they are at fault?
They or their insurance company needs to pay for damage and medical bills in the accident. If they don't have insurance, they can still be sued for the accident by the victims insurance company.
If you change insurance companies after an accident does the prior insurance company still have to handle the claim?
yes
Is there still a life insurance company named Citizens Home Insurance company?
Citizens Home insurance Company was a family members company as well. We have an assumption certificate that states the Independent Life and Accident Insurance company in Jacksonville, FL effective September 8, 1981. I have googled the Independent life and Accident Insurance and this is what I have found: In 1997 Independent Life and Accident Insurance company merged to American General Life and Accident as well as Home Beneficial Insurance Company and Gulf Life Insurance Company. American General Life and Accident Insurance Company was acquired by AIG in 2001 You can visit their website at www.aig.com Hope this helps.
What happens if a guilty party cancel their car insurance after a claim has been submitted?
It would make no difference as long as they had coverage on the date and time of the accident. They can cancel the policy after the accident and coverage would still be provided.
Is a old national life and accident insurance policy still valid?
National Life and Accident is now the American General Life and Accident Insurance Company American General Life and Accident Insurance Company American General Center - MC 338N Nashville TN 37250 1-800-888-2452
If your car is declared totaled do you still have car insurance The insurance company has not paid yet.?
Hi, It depends on what type of insurance you had. Liability, full coverage...etc...Call your insurance company and find out.
