What happens if you reject the insurance companies offer for the totaled car?
If you do not agree with or wish to reject the companies settlement offer then it is time to attempt a renogotiation of your settlement. Remember that in Most jurisdictions the company is required to make an attempt to settle your claim within 60 days. They are not actually required to settle within 60 days, only to have made the offer. If you have reason to believe that the settlement offer was inadequate, you should clearly and calmly explain in detail how and why you have come to a different valuation of your claim. You will likely find the company receptive to your opinions and may get them to consider factors that they previously did not take into account or were not aware of when they made the first offer. Most Insurers with some few notable eceptions are eager to come to a fair settlement within the regulatory guidelines. After all, a 1,000 dollar good faith settlement with a satisfied claimant is worth more than 10,000 dollars in advertising. 1. If you reject the offer The company is now released from the regulatory time limit required to settle the claim. 2. Bare in mind also that the company only has to make an offer that is in line with the market or replacement value of the vehicle. Meaning the comparable value of the same or similar type vehicle. Sentimental value and extenuated values such as classic car value is not a factor in determining market value. Classic or Antique vehicle value should be covered on the Owners Policy with a classic auto rider attached to the owners policy.
Your car was getting repaired in a body shop when it was stolen it was found and totaled by the shops insurance company they are low balling the figure for my SUV what legal recourse do i have?
First of all as a matter of principal you should always reject the insurance companies opening offer. Write to them doing this and tell them you want a figure as far above the figure you will actually settle for (the fair amount) as their offer was below it. With any luck they will make you a new offer at around the fair price.
It costs the same amount as you pay every month for your car insurance. Sr22 Insurance is just "Auto insurance" . The SR22 is not insurance. It's a form that says to the government that you now have auto insurance. The Sr22 is the result of some serious ticket or violation you had in the past that the State is requiring to keep your license from suspension. When you buy your auto insurance you just…
Can an insurance company reject your claim if the car was running with keys in the ignition when the car was stolen?
Insurance companies seem to ask the same questions: Were the keys in the car when it was stolen? Did you ever get a duplicate set made? Do you have the key or keys in your posession? I'm pretty sure they do not ask this unless there is a reason. Here's another question along the saem line... Will an insurance carrier cover a car that was stolen with the key's locked in the car?
If a prescription was charged to your insurance when it should not have been will this show up on the insurance bill?
What to do when you and the adjuster submit a settlement only to have the insurance company reject it?
You just negotiate. You need to review the settlement offer made by the company and the settlement you submitted. Try to see where the differences are and try to come to a middle ground. There may be issues that you have not considered or that the company has not considered. Insurance Companies do not profit from a long drawn out adjustment of a claim. So make sure that you and your adjusters assertions are reasonable…
Inform me the name of the it companies who dont reject selected candidates due to colour blindness.?
Insurance companies reject claims all the time. Some more than others. So, to have a smooth claims process, you need to ensure the following when you purchase the insurance policy: 1. Filling up the form Many people like you and me, may allow the insurance agent to fill up the forms and then complain about not known all the details of the policy. To avoid after-sale shocks, it is recommended that you fill up the…
You need to carefully analyze the Pro and Cons of the subject (Mortgage or Insurance) and recommend a decision whether to approve or reject the application. Require sound knowledge on the domain that you are dealing with. You need to carefully analyze the Pro and Cons of the subject (Mortgage or Insurance) and recommend a decision whether to approve or reject the application. Require sound knowledge on the domain that you are dealing with.
You were recently in a car accident their insurance company went with a 5050 split you got your insurance company involved and they found the other party 100 at fault what is the next step?
Let your insurance company know everything that you know about the accident and about what the other person's insurance company has proposed, and then let your insurance company handle the rest. If the other person was 100% at fault for the accident, your insurance company has a very powerful incentive to reject the counter-party settlement offer of a 50/50 split. Let your insurance company know everything that you know about the accident and about what…
Do insurance companies have a right to accept or reject you for insurance coverage based on the results of voluntary and confidential genetic testing predicting your future health?
No, insurers are not allowed to discriminate against people who have had genetic testing. The Genetic Information Nondiscrimination Act of 2008 specifically prohibits health insurers from using genetic test results to charge people different rates or to refuse to cover them. The law protects people from discrimination by health insurers and employers on the basis of DNA information.
If a car was stolen and found in bad condition do you have to accept the vehicle back or can you reject it and have the insurance company pay it off?
Is the principle of utmost good faith relevant to today's insurance contract negotiations and if so in what way?
In NY if you have health insurance and have colon cancer but want to switch insurance companies for better coverage does the other insurance company have to take you?
I sure would check before I made the switch. You could be getting into that pesky, ''pre exsisting condition'' thing.......Ask the new carrier first before you switch, (I'd get it in writing).......good luck to you. Actually, in NY health insurers are not allowed to reject you for a pre-existing condition as long as you show continuous coverage with no lapse for a specific period of time. Just make sure that you do not cancel your…
No, the word reject is a verb or a noun. EXAMPLES Verb: I reject your offer. Noun: The reject was removed from the assembly line and binned. A pronoun is a word that takes the place of a noun in a sentence. The pronoun that takes the place of the noun 'reject' is it. EXAMPLE: I took the reject to engineering to where it could be examined by an expert.