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What else can I help you with?
What does a commercial insurance policy cover?
A commercial insurance policy covers any court and/or attorney costs, loss of income and other such expenses if a lawsuit is involved. It does not cover incidences where willful neglect is involved.
If you total your car after your insurance is canceled will GAP insurance still protect you?
NO,, GAP Insurance is supposed to pay the difference between what your Auto Policy paid and any remaining portion of your loss after the Auto Insurance Policy has paid it's maximum. If No Auto Insurance Policy is in Place providing comprehensive and collision coverage then your GAP Policy is Null and Void. GAP coverage only pays in conjunction with your Auto Insurance Policy. No Auto Insurance! No Gap Payment
Does gap insurance cover theft?
Yes, But only if there is a gap in the final loss payment by the underlying auto insurance policy. If there is no underlying Auto Insurance theft coverage then the Gap Policy is null and void and no coverage would ensue.
Car parked in garage has a loss will it be covered under home owners or auto policy?
That depends on the nature of the loss. Contact your Insurance Agent and he will be able to advise you on coverage.
Can you add engine and transmission insurance to your car insurance?
No. What your wanting is provided under a "Auto Warranty Program". Your auto insurance policy is for accidental loss and damages, Not for maintenance and repairs.
Would homeowners policy cover loss of a cashiers check stolen from vehicle?
Yes, it should depending on where or the distance the auto was from the home. Be sure to get a Police Report as this is will help show proof of loss. Check your policy for specifics. Hope this helps.
How much will a 1 million liability polciy pay on an auto polciy wilth liabiltiy coverage of 500000 if the loss equals 2 million?
If the ;imits of the auto polict are $500K and there is a loss of $2million the pay out would be 500k if no excess or umbrella policy existis.
If a tornado rips the chimney cap off a neighbor's house and it lands on your car hood does homeowner's or auto insurance pay for the damage?
Your auto policy will cover it as a 'comprehensive' loss (if you have comprehensive coverage).
Is total loss eligible for mediation?
This will depend on your auto policy and the terms allowable within your policy. The value of the vehicle is somewhat negotiable, and factors like new tires, prior damage and such can effect the value.
Does homeowners insurance cover a car stolen off your property?
No, Never. An auto theft would have to be covered by the vehicle owners comprehensive auto insurance policy. A homeowners Insurance policy is not liable for the theft of a vehicle. that's what Auto Insurance is for. If an Auto Owner chooses not to purchase a Comprehensive auto Insurance Policy then they assume the risk of a total loss in the event of a theft. The vehicle owner can not seek to shift liability to another person simply because it was on their property when the vehicle was stolen. If this were the case then every time a car is stolen from the parking lot of a store or shopping mall people would expect that business or property owner to pay for their loss.
What is burglary insurance?
Coverage against loss as the result of a burglary. Found as part of the commercial package policy that has generally replaced the special multiperil insurance (smp) policy and the mercantile open stock burglary insurance policy. Covers loss of merchandise, furniture, equipment, fixtures due to force and violence to the exterior of a business's premises in order to gain entry, and damage to the premises of the business as the result of the burglary. There is a coinsurance requirement that ranges from 40 to 80%.
Would rim damage be covered under auto insurance?
Only if it were damaged in a 'covered loss.' A covered loss would be a collision or other loss that would be covered under comprehensive (such as vandalism). You would need those coverages on your policy.
