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Is it legal to not get your car fixed and pay off the car with the insurance money and get a new one with the balance of the payout?
Wiki User
∙ 18y ago
If the car is entirely in YOUR name, the money from the insurance payout is entirely yours. The insurance payout is reimbursment for damages. You are at liberty to sell the damaged vehicle and purchase another with the money, spend the money on something else or whatever you want to do. Recognize, however, that if the bank holds title to the vehicle because of a loan, the money from the insurance company must be used to either repair the vehicle and bring it back to a value that satisfies the bank's need for collateral or you must use the money to pay down the loan.
Wiki User
∙ 18y ago
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If you have don't insurance and a cab driver with insurance hit you will you get your car fixed?
Since you were not driving legally and had no legal right to be where the accident took place, the insurance company may deny the claim. You would likely win in court, but that doesn't get your car fixed now..
Can you use the money from the insurance company to buy a new equipment instead of fixing it?
You are not obligated to spend your auto insurance settlement claim check on a particular kind of repair. In fact, after payout, the auto insurance company has no legal ability to control or restrict how you spend your settlement money.
Is balance billing legal in la especially to medi care patients?
Balance billing is illegal and prohibited in la especially to medicare patients. The states have regulated the billing and accept the insurance payments so the patient does not have to pay the balance left after the insurance companies contribution.
Did Mary Jo parents ever try to sue Ted Kennedy?
No, Mary Jo Kopechne's parents did not sue Ted Kennedy. They accepted a settlement from Kennedy's insurance company, but they did not pursue legal action against him.
Who needs legal malpractice insurance?
Legal Malpractice Insurance is coverage specifically for professionals practicing in the legal field
Liability of debtor after vehicle repossession in state of Texas?
The debtor is liable for the payout balance of the vehicle less resale amount. Additionally, he must pay any repossession fees, storage fees, transportations fees, interest from the lender, and penalties. In the evnet these are not paid, the lender will have no other recourse but to sue for the balance along with court costs, and legal and collection costs and fees.
Is it a good idea to have legal insurance with your auto insurance?
Legal insurance is not the same as auto insurance; legal insurance is simply a retainer that is paid to an attorney or lawyer so that they can be help in counsel if they are needed. Auto insurance, depending on the level and premium paid, provides coverage in case of an accident.
Is it legal for a landlord to request renters insurance in the state of California?
Apparently, it is. I lived in Southern CA. in an apartment complex that kept flooding. So when the owner got everything fixed, he required renters insurance so that he couldn't be sued if it flooded again.
Legal Insurance ?
form_title=Legal Insurance form_header=Legal insurance provides attorneys, lawyers and other legal professionals with the professional liability insurance they need to be successful. Main area(s) of practice:=_ Full or part time?= () Full () Part Number of Attorneys in your firm:=_ Do you currently have professional liability insurance?= () Yes () No
Is Legal and General the name of an insurance company?
Yes, Legal & General is an insurance company. They offer life, home, landlord, lifestyle cover, and pet insurance.
Why is the zong famous?
The Zong is famous for being a legal case that highlighted the atrocities of the transatlantic slave trade. In 1781, the British slave ship Zong threw enslaved Africans overboard to preserve their insurance payout; this sparked public outrage and contributed to the eventual abolishment of the slave trade.
Are you still liable to pay if the vehicle is repossessed?
You are still responsible for the balance of the contract, in addition to repossession, collection, and legal fees. Added to this can be transportation costs, storage costs, auction fees. The car should be sold and the sale amount deducted from your contract balance. What ever is left is called a deficiency balance and your are still liable for it. Keep in mind that most repossessed vehicles are sold at a substantial loss (much less than for what is owed) and the additional fees can result in a higher balance than the original payout on the vehicle.
