Will your insurance company still pay you if you bought a car in good faith and found out when you had an accident that it has outstanding finance owed by the previous owner?
best to look at rules and regs of your local state department of insurance. but, in general the insurance company will pay the person that holds the insurance interest in the vehicle (i.e., the person(s) to whom it is titled/registered).
It is legal as long as you don't have an outstanding loan on the vehicle, if your insurance company paid the claim, and you keep the car. Your insurance company has the right to drop coverage or reduce the amount of coverage. If you have a loan, in most states, the check has to be issued to the body shop directly or to you and the lienholder jointly. Yes it is legal. However ... should…
If you had an accident with no other cars involved and filed a claim to insurance with no police report do you have to report this accident to the new company if you get different insurance?
If you don't the new insurance company can cancel your coverage and possibly not cover any of YOUR losses. They might also consider it to be fraud. Any accident less than $750 isn't chargeable, but if you filled a claim with another insurance company your new company would found out even if you don't tell them, when they run your MVR which shows your tickets and previous insurance companies and claim paid.
Citizens Home insurance Company was a family members company as well. We have an assumption certificate that states the Independent Life and Accident Insurance company in Jacksonville, FL effective September 8, 1981. I have googled the Independent life and Accident Insurance and this is what I have found: In 1997 Independent Life and Accident Insurance company merged to American General Life and Accident as well as Home Beneficial Insurance Company and Gulf Life Insurance Company…
If a car with an outstanding lien gets "totaled" in an accident the insurance company will pay the finance company. Any amount left on the loan after the insurance payment must be paid by the owner of the car. Gap insurance purchased at the time of the loan will pay any deficiency. On the other hand, any amount left over after the loan has been paid will go to the car owner.
You usually have to have insurance in case you have an accident. The finance company can then retrieve the debt from the insurance company. If you do not have insurance then they will have to retrieve the debt from your other assets such as your house if you have one! If they perceive that you are a bad risk they may look at getting the car back if there is enough equity in it but…
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…
GAP insurance is coverage that covers the difference between the value of the vehicle at the time of the accident and the amount that is owed on the loan at the time of the accident. GAP insurance can be purchased from the finance company or from the persons insurance company. Usually it is much cheaper to get it from the insurance company.
If you have collision coverage on your vehicle you can collect from your insurance company for the damages. You will not have to pay the deductible if you were determined by the insurance company to not be at fault for the accident. They then go after the other insurance company to get the money they paid you back. If you do not carry collision coverage then you need to file with other insurance company, they…
Report the accident to your insurance company. If this was a single car accident - meaning yours- your insurance will have to pay for the repairs minus your deductible. If another party caused the accident you need to turn their insurance information over to your company and they will take it from there.
Usually if an accident is determined not to be the insured's fault, then their insurance rates will not rise as the insurance company did not lose any money from covering the driver involved in the accident. If the accident is determined as being inconclusive, the rates may rise some, to adjust for the amount of money the insurance company lost in the accident.
First, you cannot find out what insurance company another person uses as this is a privacy issue. If you have had an accident with this person, the insurance company will be listed on the accident report. This is your only option for getting the insurance company name, unless the person wishes to tell you.
If the driver of a car is liable for an accident who is liable the owner of the car or the driver's insurance company?
If you have auto insurance get into an accident while driving someone elses vehicle will you be covered by your insurance?
If you want to change my insurance and you already toll your insurance company about an accident that is not your foult ca you do it with out afecting you?
Do you have to tell your insurance policy that you were involved in an accident with a company car even though it was not your fault?
When an individual has an automobile accident and someone is injured are they required to complete an accident injury claim with their insurance company?
When people have accidents in their automobile and someone is injured it is required to report it to the police and to their insurance company. This is because the injured person may need a doctors care and the person responsible for the accident is the one that will be required to pay through their insurance company.
How do you find an old insurance company named Kennesaw Life and Accident Insurance Company in Atlanta GA?
How do you file a insurance claim against the party that was at fault in an accident that occurred in a parking lot Without involving my insurance company.?
If your auto is hit the other driver's auto insurance pays all medical expenses and so does your health insurance must you reimburse your company?
You do not have to reimburse your insurance company if the accident is the fault of the other driver and the claim is made on their insurance. If the accident is the fault of the other driver and their insurance does not cover everything and you make a claim on your insurance for reimbursement, your insurance will subrogate (collect back) from the other company.
If you were involved in an accident with this person then their insurance information will be listed on the accident report. If you were not involved in an accident then it is not your business who they have insurance with. Much of this is covered by the privacy laws so if you really have to know ask the person.
If you are involved in an accident and Applied Claims Insurance Company is paying 1800 how much will your premium go up at renewal?
1) Your insurance company receives your driving record from your DMV. If you are in an accident and it is reported to the police, they will add that accident to your driving record. 2) When you are in an auto accident, the insurance companies of everyone involved are notified when people submit claims.
If a victim of a simple car accident claims injuries, it is best to talk to your insurance as soon as possible. Your insurance company will then require that the victim's insurance company provides proof of injury. If it is found that the victim is injured, your insurance company will instruct you on the next course of action.
If your insurance gets cancelled for non-payment can you get insurance with another company or do you need to pay the outstanding balance first?
Is there really an outstanding balance? Did the company give you insurance beyond any grace period for some sort of promise-to-pay? If not, there should be nothing owed to the old company, and you could probably get re-instated with them. A new company will cover you as soon as you pay their first premium.