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You had a fatal loss accident and your insurance estimate came out to be significant less than the residue value for your leased vehicle What is your recourse How do you negotiate with my insurance co?
Wiki User
∙ 15y ago
You might well be on the hook for the balance. When you leased your vehicle you should have taken out "gap" insurance which would have covered this "gap" in coverage you have just described. Many times whoever leases (or sells) the vehicle will offer this coverage during the sales closing process. Double check your lease documents to determine if you're covered or not.
Wiki User
∙ 15y ago
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Can you use the other party's car appraisal estimate in a car accident claim?
You will use the estimate from whichever insurance company that is paying out on the claim. The adjuster from that insurance company will be the final decider.
How much money do you get if you are in a car accident and it was not your fault?
That depends how costly the accident was. If the other driver is uninsured I doubt anything. But if everything is legit and you go get an estimate and your insurance adjuster will discuss that for you.
What is a firm estimate?
A firm estimate is an estimate where the buyer is not willing to negotiate the price of an item. When a seller is firm on the price, there is very little you can do.
If your air bags blow out in an accident that is not your fault will you recover damages?
You should contact the at fault party's insurance company and let them know you have a property damage claim. You will need an accident report. Photos of the damage or an estimate for repair will also be helpful.
Is the Safe Auto insurance quote free of charge?
Safe Auto insurance does provide a free auto insurance quote but note that the quote is only an estimate and not the actuall amount you may pay. Circumstances such as previous accident records and or age may effect how accurate the quote is.
Where can i get a house insurance estimate?
In order to find a house insurance estimate which can be compared to your current insurance right now, contact your insurance agent or check on the computer.
How do I get a house insurance estimate?
The best way to get an estimate on house insurance would be to go to your choice of insurance companies. Then you have to start an account there, and they will come out and assess your house.
What should an Insurance estimate be on a 42000 dollar mobile home?
What should an Insurance estimate be on a 42000 dollar mobile home?
How do you file car accident insurance claims?
If one is involved in an auto accident it is important to file a claim immediately. The process for insurance claims can vary but the general procedures after filing the claim are to schedule an inspection and speak with your adjuster. The adjuster will review the damage, the reports and any witness statements to assist in providing a cost estimate. Once the coverage has been determined the repairs can be done.
What if you have a fender bender accident and no police report. can the person you hit still file a claim on your insurance?
Absolutely. You have an obligation to report it to your insurance company and to cooperate with the settlement of the claim. If it was very small you can try to deal with the person directly to keep it from going on your insurance. Be carefull with this because you can't try to settle it your self then turn it over to your insurance company. You can contact them and ask them to get an estimate before you decide.
What do you do when the insurance adjusters estimate is less than the estimate you obtained from the body shop?
Get an estimate from another place or demand that the damage should be fixed according to your needs. Insurance companies work for you, if not contact the insurance commissioner in your state. They work for you, and are not called "Insurance Gods" for no reason. I am an insurance agent. you have paid to have your stuff replaced exactly to your specifications.
Why would a person need a repair quote for an insurance company?
Many insurance companies like to see repair quotes to estimate the exact amount of damage one has sustained during an accident. They like to have a few different quotes, and generally tend to go with the cheaper of the quotes and repair accordingly.
