yes
No. Physical Damage coverage to your own vehicle would be covered in this instance if you purchased the coverage, but liability only would not repair the damages.
When you allow someone to drive your car, you are giving them the coverage of your insurance. If they were to get into an accident, your policy would pay first.
It really depends on the type of coverage you have. Normally if that person had permission to drive the vehicle, you have full coverage/collision insurance, and that person was at fault your insurance will cover damages. If someone else caused the accident, you would still receive damages from their insurance if they were insured. Sometimes however the driver's insurance would cover your damages under certain circumstances. As always, it is really best to ask your insurance carrier or refer to your most recent coverage letter from the company.
Most lender insurance is $2.50 per $1000 of the loan and owner's insurance (which includes lender's insurance as well) is $3.75 per $1000 of the sale price of the home plus $175. It's not fixed or regulated in MA, so prices may vary. So, if you paid $355,000 for a home, owner's & lender's insurance combined would be $1,506.25 at these prices. If you got a loan for 95% of the cost ($337,250) and didn't want owner's insurance, the cost of lender's insurance would be $843.13. Lender's insurance is mandatory, owner's is optional. Owner's lasts until you sell the home, I believe lender's would have to be purchased again if you refinanced.
Auto insurance: An accident that damages your vehicleDisability insurance: An injury that causes you to lose wagesHomeowners insurance: A fire in your house that damages your personal possessionsHealth insurance: An illness that involves a trip to the doctor.
I would not think so, but, your lender does require that you carry collision insurance on the car, which is the lender's collateral. It depends on what the note you signed says about this. Read it.
No, liability insurance is when there are injuries involved. If you are injured in an accident when someone else is driving your car, your liability insurance would cover your medical costs. Comprehensive and collision insurance on the car you were driving should pay for damages to the vehicle.
An insurance adjuster's job is to appraise damages concerning home or auto. They estimate what the damages would cost for repairing according to their companies guidelines and policies.
NO, NO, and NO. It ONLY covers the LENDER for the amount owing oon your loan. if you would be nice enough to TOTAL the car, the lender would be happy. Good Luck and BE SAFE
The collision portion of your Auto Insurance Policy would pay for damages to your own auto when you are the at fault party. The liability portion of your auto insurance pays for damages you cause to another party Insurance Plus
They would have to file a claim with the insurance company for any damages or injury. However, they cannot ask for money to reimburse them for punitive damages--that would be a civil case.
Vandalism damages or destroys the property owned by someone else. It costs private citizens or insurance companies billions every year.