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For claims involving bodily injury or property damage for which you are legally liable - standard General Liability. Understand though, the policies clearly define the terms "bodily injury" and "property damage" and limit the scope of coverage to occurences falling within those definitions. Most General Liability policies also provide some limited coverage for "contractual" liability, such as the lease of a premise and some coverage for personal/advertising injury - slander, libel, defamation of character. Judgements, in the general sense, can be awarded for a myriad of torts. Many of these circumstances are simply not insurable events. Could you provide more specific information about the type of judgement you are concerned about?
What else can I help you with?
This refers to the outcomes of court actions such as judgments to pay a debt?
The term for the outcomes of court actions like judgments to pay a debt is typically called a "court order." It is a legal mandate issued by a judge that requires a party to perform a specific act, such as paying a debt or compensating for damages. Failure to comply with a court order can result in legal consequences.
Does the state of Virginia allow renewel of judgments on credit reports?
No, judgments in Virginia are generally valid for 20 years and can be renewed for an additional 10 years. However, judgments do not appear on credit reports indefinitely, typically falling off after 7 years from the date of entry.
Is your mother's estate responsible to pay her ex husbands judgments?
If the judgments are by a third party against the ex-husband as the only defendant then they are not your mother's debts. If they mention her name as a defendant her estate is responsible. If the judgments were granted to her ex-husband against HER then he can make a claim against the estate as a creditor.
Do you have to pay deductible if it was vandalism?
Whether you have to pay a deductible for vandalism on your insurance policy depends on the terms of your specific policy. Some policies have a separate deductible for vandalism, while others may waive the deductible for this type of claim. Check your policy documents or contact your insurance provider to determine if a deductible applies in your situation.
If plaintiff receives compensation under an insurance policy then the damages that a defendant migh have to pay?
If a plaintiff receives compensation under an insurance policy, the damages that a defendant might have to pay could be reduced by the amount of the insurance payment the plaintiff received. This is to prevent the plaintiff from being overcompensated for their losses. The defendant would only be responsible for paying the remaining portion of the damages not covered by the insurance.
What if my car was totaled in an accident the insurance pay off the debt?
Only if you carried GAP insurance will it pay off what you owe to the Lienholder. If not then they will only pay what they valued your car to be worth which may or may not be enough to pay off the loan.
Will homeowner's insurance pay for someone to be off of work?
No
Do you still have to pay your car insurance if your car is off the road?
I have taken my caroff the road for the winter. Do I still need to pay insurance
What insurance pays claims on judgments?
It would depend on many factors. Most of the time it is not insurance that pays out on Judgments, the person losing the suit pays, or the corporation that lost.
What insurance policy will pay off your car in the event of your death?
A life insurance policy with a clause for loan or car debt repayment will pay off your car in the event of your death.
Do I need to inform my insurance company when I pay off my car?
Yes, it is recommended to inform your insurance company when you pay off your car so they can update your policy and adjust your coverage as needed.
What are the effects and consequences of not paying off credit card debt?
What are the possible consequences of not being able to pay monetary judgments against you.
Do you have to pay off the car loan if you have totaled the car?
Yes, if your insurance company will not pay it all.
If you die and you still have outstanding loans can they take your life insurance to pay everything off?
Life insurance paid to your estate could possibly be used to pay off personal debt. However, if the life insurance is paid to a beneficiary, it is their money, not yours, so the beneficiary has no obligation to use the money to pay off your debt.
Does insurance pay off a recovered stolen vehicle?
It depends on what insurance you're talking about, does it include theft?
Does homeowners insurance cover your mortgage if you are laid off?
No. This is not what homeowners insurance is for. Homeowners insurance is to pay for physical damage to your home and contents.
Does the car insurance pay the debt when the owner dies?
Normal car insurance Liability, Collision, & Comprehensive will not pay off the loan. You would need to get the proper insurance for this purpose. Either life insurance or insurance for the purpose of loan payment.
