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Can an insurer offer an appearance allowance to an insured on a first party property claim?
Wiki User
∙ 15y ago
Yes, but you do not have to accept it. I am unsure of your situation but in reference to a vehicle this is often done when the damage is very minor, but the replace / repair would be costly or difficult. If the vehicle is approaching a total loss (meaning the cost of the repair would out weigh the cost to replace, roughly around 80 % of the value of the vehicle) an appearance allowance may be made to reduce the repair figure and there for save the vehicle from being totalled. Another form applies to home owner's insurance where a personal belonging I.E. television, refrigerator sustains minor damage. When and item is still a working piece with slight damage to its appearance, a good compromise short of replacement is possible. Many times the damage is quite insignificant, but is still apparent to the owner. This is an ideal situation for saving money and the customer benefits for their loss with the receipt of money.
Wiki User
∙ 15y ago
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What happens when a driver carrying SR22 insurance in South Carolina receives a speeding ticket for going 80 mph in a 70 mph zone?
You have to pay the ticket or fight it just like every body else. SR22 Insurance is the same as Auto Insurance, Except that a court has ordered you to have your insurer file a Form SR22 as proof that you are insured with the state to assure them you are properly insured so that your drivers license was not suspended. The SR22 is usually ordered because of a prior citation, usually for drinking and driving or driving without insurance or for a prior accident without insurance.
Why is the doctrine of caveat emptor not applicable to the contract of insurance?
The concept of "Caveat Emptor" finds a mention in judicial systems of common law. For example it appears in the Sale of Goods Act in India. Caveat Emptor is a concept which is becoming slightly lesser relevant because of the huge variety of means through which goods and services are being sold in today's market. Caveat Emptor means the Buyer Beware. A contract of insurance is however a different contract and is guided by different principles such "utmost good faith",etc. The reason being that in a contract for insurance, for example in life insurance, the person getting himself assured must show utmost good faith. This means he should disclose all the material factors which are likely to influence the insuring party. The concept of Caveat Emptor not being applicable because the insurer can in no way possibly forsee all the possible conditions likely to effect his interest. The insured is in the best position to know this.
How much does a speeding ticket cost for doing 109 mph in a 55 mph zone in California?
The financial woes will no doubt last far beyond the court date. If you fail to receive jail time for such an offense consider yourself blessed. Keep your drivers liscense and you are doubly blessed. Your current insurer will only triple your rate for the next three years if it is not cancelled. If no person was injured in this incident consider yourself triply blessed.
How do you get a driver's license number if it is lost and your license is suspended but you need your DL number to file an sr22 and pay the state of Texas to get your suspension lifted?
If your license is suspended, just go to your local Drivers License office with your State issued ID card if you have one. If not, then take your birth certificate and your social security card the same as you did when you first got your drivers license. They will give you your Drivers license number if you can appropriately identify yourself. Your ID card in Texas will have a different number from your DL card but they are associated in the state database. You will then need to file your SR22 through an Insurer licensed to do business in the state. A Texas Sr22 Insurance provider.
Who is at fault The car turning onto the road in the right lane or the car in the left lane that merged into the right lane?
This depends upon where you were struck exactly. Did they hit you on the rear end, side, or front? Damages tell alot about an accident and the fault determination. If you were rear-ended on the ramp then the other party is generally 100% at fault, unless you were negligent and stopped very suddenly instead of continuing with the flow of traffic. This should be discussed with police and your insurer in this case. I may be reading the question wrong, but I think you mean one vehicle was entering the highway from the onramp and the other was already on the highway. In this case, there is (almost) no doubt that the merging driver is at fault.
What does an insurance company do with salvaged personal property?
If an insurer pays for the total loss of personal property, including a car, it usually becomes the owner of the property as part of the resolution of the claim. The property is then sold so that the insurer may recoup some of its loss. There are some entities, such as scrap metal companies that deal in that kind of property. Under some circumstances, the insured wishes to keep the property. That can usually be negotiated, but the payment to the insured on the claim may be adjusted accordingly.
What are payments made by the insured to the insurer?
deductable
Can you extend liability ins to vacation home in fl?
If both properties are insured under the same policy, Yes. If each property is insured separately under a different policy then you will need to contact the insurer of the pertinent property to address liability coverage issues.
How does preimum differ from proceeds in insurance?
The term "premium" relates to the incremental cost of buying and maintaining the insurance on the person or property insured. "Proceeds" relates to the benefits paid by the insurer upon the happening of the event that was insured against (death, disability, damage to property, etc.).
Should the insurance co inspect before they give you the policy?
An Insurer will generally have a specified amount of time in which to inspect an insured property. It can be done after the policy is issued.
What is The different between insurer and insured?
The insured is the person or entity who is covered by the insurance policy. The insurer is the entity (insurance company)that pays to, or on behalf, of the insured for a covered loss. That which is covered by the policy is set forth in the insurance policy.
What is the difference between insured and insurer?
The insured is the person or entity who is covered by the insurance policy. The insurer is the entity (insurance company)that pays to, or on behalf, of the insured for a covered loss. That which is covered by the policy is set forth in the insurance policy.
In event of a loss after notice of a claim is submitted to insurer who is responsible for providing claims forms and to which party?
insurer to the insured
Who bears the risk if the subject is insured against particular risk?
The insurer
Who bears the risk if the subject is insured against that particular risk?
The insurer
How does property damage insurance work?
Property damage insurance covers damage to property, usually with exclusions. The insured pays monthly premiums and files a claim for any damage that the property receives. The insurer then sends out a claims adjuster to inspect and come up with a monetary amount for the damage.
Who is third party in insurance?
third party is a party except insured or insurer, who may be subjected to a loss involved with the insured
