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Is it better to have the car insurance pay for damage after an accident or just pay cash?
Whether or not you should make a claim against your insurance depends on the amount of the damage. In this state, if you make a claim against your own collision insurance, your insurance will go up by several hundred dollars a year for three years, so you are talking a thousand dollars. Say you have $200 deductible. Then your break even point is about $1,200. If the other guy caused the accident, make his insurance pay!
What else can I help you with?
What is Canadian premier life arcp insurance?
ARCP = Accident Recovery Cash Plan
How much is the cash settlement amount from an insurance company for an auto accident?
As little as they can get you to accept.
What is a insurance bond?
A bond is a promise to pay on your behalf if a condition occurs - such as failure to perform work by a deadline, or damage to property, etc. - with the understanding that the bonded person will pay the bond company back immediately. It is NOT insurance and does not have a cash value. two person vechal but insurance one person cmplitly accident and life cover furthar accident claim.
Provident Life and Accident Insurance Company where is home page?
I want to see if I can cash in my policy
How do you get the cash value from provident life and accident insurance?
I HAVE 6 POLICIES THAT I AM THINKING ABOUT CASHING IN. I WAS JUST WONDERING
What to do if Car totaled and no collision insurance?
If the accident was your fault you're out of luck. If you were hit by someone, their insurance will total your car and pay you for its actual cash value.
How do you contact you about some old insurance policies?
I have several old insurance policies from The National Life & accident Insurance company of my family & I was wondering how I could get information on them on how to cash them in.
Single car accident no injuries but car totaled will insurance pay?
Apparently if you have collision that should look after the damage to the car. Now the collision comes in many shades of grey. The insurance company will pay cash value after taking into account the mileage, year, and type of vehicle. Plus the cost of dealing with the damage vehicle cost would be subtracted from the settlement of the cash settlement too in some cases. If you have no collision then you have no leg to stand on, your are left holding the bag.
Can I get a cash settlement instead of repairing very minor damage done to my old car?
Yes. In fact, most insurance companies will simply send you a check for the value of the damage rather than going through the hoops of getting it repaired. However, if the damage is truly minor, your insurance rate will probably go up and it may be a better use of your money not to report minor damage at all and to fix it, if you choose to do so, out of pocket. Use insurance only for very large instances of damage.
In California If the car accident was not your fault and you just want the cash and not fix your car?
Regardless of the state, if you are not at-fault in an accident, you do not have to have your vehicle repaired, you can simply accept a check. Be careful though, because if you are involved in another accident the next company will not offer you such a large payment. The insurance company has an obligation to restore you to pre-loss condition and if you have existing damage on your vehicle they will not pay for that resulting in a lower payment in the future.
Where is little giant insurance company?
the Little Giant was a SPECIFIED ACCIDENT policy sold by Combined in the 70's and 80's..Combined is now owned by Ace Group
What are insurance guidelines for totalling a truck after accident?
If the repair cost is higher that the ACV (actual cash value) of the vehicle, then, the vehicle is declared total loss. That is pretty much the only guideline used by Insurance co.
