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If you have made a car insurance claim and you were granted a settlement due to your vehicle having incurred damage from another insured driver and you sell your car are you still entitled to it?
Bpierson23
I wouldn't think so. If the car was totaled, then the insurance company gives you the money and tows the car. Basically, they purchased it. If you were given money to fix the car, and the the car they give you the money to fix is no longer around, then why would you get money to fix a car that's not yours anymore? Medical should still be covered though.
Wiki User
∙ 12y ago
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Can you sell structured insurance settlement plans to someone?
Structured insurance settlements can be sold to another person as long as they sign a contract thereby giving the settlement to them. This can be a tricky process, however.
If you have full coverage and total your car will the insurance pay for another car even though the one you crashed wasn't paid off yet?
no No, the insurance company has a responsibility to the lienholder first, then you get the balance of the settlement based on the local market value of your car. Insurance companies are not responsible for purchasing you a new car and the settlement is based on the value of the car you had an accident in. The settlement is not based on what it will cost to buy another vehicle.
How can one sell their life insurance policy?
One can sell their life insurance policy and this is called Viatical Settlement. An insurance company sells insurance policy to a person. This person (viator) sells his policy to another person (viatical settlement provider). When the first person dies, the second person will benefit and cash in the money.
What is another word for cost in cost insurance and freight?
The word substituting cost is value. It involves expenture incurred to give it a shape as a product for sale, including the profit element but excluding the freight and insurance factor.
What is another for word incurred?
loss
What are some examples of a structured settlement that a purchaser can buy?
There are different types of a structured settlement that a purchaser can buy. One would be an insurance claim, another would be a workman's comp. claim.
Where can one find information on stuctured insurance settlement?
One can find information on structured insurance settlements by talking to a lawyer who specializes in settlements. Another way is by visiting your local library.
What is A settlement ruled by another county?
no the a settlement is ruled by another country...
Who is responsible for liability coverage when you cancel your insurance and get another?
Ultimately the insured is responsible for obtaining adequate liability insurance coverage. If a loss is incurred, it will generally be covered by whichever policy was in force at the time of the loss excepting where Professional liability is the covering policy type.
Calculate business interruption insurance?
The theory of calculating business interruption losses is relatively easy, but the application is very difficult and subjective. Theoretically the insured, based on the most common policy wordings, is entitled to lost profits plus continuing normal operating expenses incurred. Another popular version is lost revenue less saved expenses (or those expenses not necesarily incurred). Ordinary payroll may or may not be covered as a continuing expense based upon the wording of the policy. Insurance companies generally take the position that no depreciation is a continuing expense if the asset is destroyed or idle during the suspension of the business.
What is an average settlement from an insurance company for a dog bite resulting in thirty stitches which left a scar on the lower leg. Do you have pictures of what this would look like?
There is no "standard fee chart" for awards granted in a settlement from an insurance company. Each insurance company has its own manners of handling such things, and the fees granted for a settlement will vary greatly from one company to another, and for each individual situation. Basically, you get whatever they dole out to you, and nothing more. Pictures cannot be posted within WikiAnswers.
What was the name of a village created people from another area?
a village created by people from another area is called a settlement
