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Is the at fault drivers insurance responsible for securing a rental car?
Insurance Claims and Rental Cars"No", The insurer is not responsible for securing you a rental car, although they may owe you compensation for the costs. Some may assist you in making arrangements or locating a a rental car agency for you as a courtesy. The Rental car company makes its own policies as to whom they will rent a vehicle and whom they will not. The insured can not compel a rental car company to provide you a rental vehicle. You will have to qualify for the rental car yourself.The at fault party insurer can be required to "Reimburse" you for certain expenses incurred due to a loss of use of your vehicle, but "NO", they don't have to rent a car for you. It may, however, do so as a matter of good business and to engender good will.The question also calls into play the elements of damages to which you may be entitled as a victim of someone else's negligence. If your car was rendered damaged so as to have lost the use of it (either permanently or while undergoing repair), "loss of use" damages are part of your recoverable damages. That is, you ordinarily have a claim against the adverse party not just for the repair cost of your car, but also for the loss of use of it. In many states, that element of damages is recoverable whether or not you actually rent a temporary substitute vehicle.If your car was rendered a "total loss" as a result of a collision that was not your fault, you are likewise entitled to "loss of use" damages, and they can be measured by the reasonable cost to rent a like kind and quality aitomobile. However, in the case of a total loss, your right to loss of use damages (for example, a rental vehicle) may terminate when the adverse party, or his/her insurer pays you the actual cash value of your car (because you are thereby deemed to have been made whole).
Can you claim loss of use for a totaled travel trailer that was your home in an accident which was not your fault?
Yes, in most circumstances you can claim loss of use against a third party. There are a few exceptions, Michigan, for example is no-fault for property damage and you would therefore have to have rental coverage on the policy covering the travel trailer. I would think you would be owed the cost of renting a replacement trailer for the duration of repairs (reasonable repairs) or until you received a reasonable total loss offer.
Do you have to let the insurance company total your car if you were not at fault?
Liability, or whether or not you are at fault, has nothing to do with your vehicle being deemed totalled. If the repair cost exceeds the local market value of your car, it is a total loss.
Is a deductible due when the auto is considered a total loss?
Yes, if your own insurance is paying for an accident that you were at fault for provided you had full coverage and they are paying for your car. If the accident was not your fault, no you will not pay a deductible.
a company produces 230 fault items that had to be thrown away. if each item represented a loss of 4.50, what was the total loss for these items?
230*4.50=1,035 The answer is $1,035
What are the potential consequences of selling a rental property at a loss?
Selling a rental property at a loss can result in financial loss for the owner, potential tax implications, and a negative impact on their overall investment portfolio.
Who pays for the damages to your vehicle if a rental car is at fault?
It all depends on whether the renter signed up for the car rental company's extra insurance coverage at the beginning of the rental. If LDW (Loss Damage Waiver) or CDW (Collision Damage Waiver) insurance coverage was accepted by the renter, you will likely be dealing with the car rental company's insurance. If the renter declined the extra coverage, then you will deal directly with the renter's personal insurance provider.
In Texas do insurance companies owe third parties for rental reimbursement if the parties vehicle is a total loss?
Case Law Hanna vs. Lott states that when the car is totally destroyed, the measure of damage is the difference in the market value immediately before and immediately after the loss, and no additional recovery can be had for the loss of use of the chattel while it is being replaced. No loss of use is owed on a total loss vehicle.
Immediate impact when tenant is lost?
loss of rental revenue
What happens during amnesia?
There are many causes of amnesia, but the end result can be partial or total loss of memory.
What is downtime insurance?
DOWNTIME / RENTAL (Rental Reimbursement with Downtime Protection Coverage)Downtime / Rental provides coverage for rental car costs to temporarily replace an insured vehicle due to a covered loss.
What are the implications of selling a rental property for a loss?
Selling a rental property for a loss can have financial implications, such as incurring a loss on your investment and potentially facing tax consequences. It may also impact your overall financial situation and future investment decisions.
