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Insurance company fixed your vehicle that should have been a total loss?
Wiki User
∙ 14y ago
Insurance co. have the right to declare a vehicle total loss based on a few factors, Blue Book value, costs of repairs, etc. However, if you don't agree with their decision you have the right to:
1). Have the vehicle inspected by an independent shop and make sure that it is in fact total loss.
2). If it is a total loss, you have the absolute right to pursue a claim against them and even take them to court.
Usually Insurance co. try to avoid being sued by their insured for any issues, it presents Bad Faith.
Before you do anything talk to your Insurance co. and try to resolve the issue with them. If they give the run around, contact your state's Department of Insurance and file a complint, then get an attorney.
Wiki User
∙ 14y ago
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Does the insurance company have to pay for a rental vehicle for a client until their vehicle is fixed if they have full coverage insurance?
Rental car coverage is an add-on, check your policy to see if you are covered - if there was another vehicle involved in the accident and the driver was at fault, his or her insurance should pick up the tab.
What can i do about insurance company having my car for four months and still not fixed?
Why would the insurance company have your vehicle at all? Your insurance contract states the company will repair, replace, or pay the actual cash value of your vehicle at their option. There is obviously more to this story. If you clarify, perhaps I can help you.
Who should you contact first when you have been involved in a bad car crash?
If one has been involved in a bad car crash then they should contact the police and ambulance service as required. One must then contact their insurance company to let them know that their vehicle has been involved in an accident. The insurance company may then liaise with the police and get everything sorted for one's vehicle to be fixed or replaced.
Who gets the unused money on an insurance claim if you got the work done for a less amount?
As far as I understand it, That isn't a possible solution. A claim isn't settled until after the vehicle, or whatever is fixed. Thus there is no set amount for the claim. example: Person A rear ends someone. A, goes to the insurance company and files a claim, The insurance company sends an adjuster, the car gets fixed, and the amount owed is determined by the bill after the vehicle is fixed.
What is motor insurance repair?
Similar to auto insurance, this is a contract between a vehicle owner and the car insurance company, which binds the company to pay for all repairs done on the vehicle for a fixed length of time. Coverage varies widely from company to company and few states in the U.S. regulate auto insurance coverage. So it's important to become familiar with insurance terms and industry requirements, while also understanding how insurance is regulated in your state. Check expertowing.com/
What types of insurance does Allianz offer?
Allianz is a life insurance company. They offer fixed life insurance, but not term life insurance. They also offer fixed, fixed indexed, and variable annuities.
Is it insurance fraud if you dont get your vehicle fixed?
No, if you file another claim on it then it might be.
What is a fixed annuity?
A fixed income annuity is a type of insurance contract where the insurance company makes payments of a preassigned amount to the holder of the annuity, the annuitant.
What is a fixed income annuity?
A fixed income annuity is a type of insurance contract where the insurance company makes payments of a preassigned amount to the holder of the annuity, the annuitant.
How do you write a journal entry for a stolen company vehicle and insurance payment?
Assuming you receive cash from the insurance company, rather than a replacement vehicle: Credit the Fixed asset account for the vehicle at cost. Debit the Accumulated depreciation account for all depreciation recorded on the asset Debit Cash for the amount of cash received. If the difference between these accounts is a credit, then credit Gain on insurance proceeds from casualty loss. If it's a debit, then debit Loss on insurance proceeds from casualty loss.
What is Time limit to report accident in PA?
Assuming only your vehicle was damaged and no one was hurt and you are asking about the time limit to report the accident to your insurance company. Then: The time limit or rather the statute of limitations in Pennsylvania to report damage to your auto in the form of a claim to your insurance company is 2 years. After that the insurance company can and will deny your claim and you will have to pay out of pocket to have it fixed.
How do you write a journal entry for a stolen company vehicle?
Assuming that the stolen company vehicle is not covered by an insurance. Determine the remaining book value. You don't record the depreciation but instead you have to write it off or simply record the remaining book value as loss. Then record the fixed asset account as credit. The loss is treated like an expense account.
