you need to have Comprehensive coverage on your policy.
What do you do if the insurance for a totaled car does not pay off the car loan?
I faced the same thing about a year ago. The insurance company did not want to give me what was needed. I got on-line and found many cars that were just like mine and showcased them that my car was worth more than they were wanting to give me. They still did not want to give me what the car was worth. So I went to petite claims court and filed suit on the driver of the other car. The person’s insurance has to represent them. Also go and look at the comps that the insurance company are using for your car to see if you can substitute the car for what they want to give you. ReactionUltimately it is your responsibility that you either made low payments, took out a very long loan, or picked a car with high depreciation. The insurance company is not liable for the inflated amount you owe–only what the car is worth. ResponseThe insurance company will only give you the value of the vehicle, as per the “Kelly Blue Book”. They will also send an appraiser out to see what the condition of the car was, as in mileage, any previous harm. If the accident was another driver’s fault, you have to sue him and/or his insurance company for the remaining balance.Whatever you borrowed to obtain the vehicle wil always be more than the car is worth. You have already lost money on it as soon as you drove it off the car lot. But do your research. Go online for “Kelly Blue Book”, and get the estimate of the car’s value. If it is more, then dispute it with the insurance company. Print the page out. ResponseWhen you bought the car fresh or used from the dealer you had the option to purchase something called GAP INSURANCE from them (the Dealer, not the insurance company) for your exact situation. If you did not have enough equity in your car for the insurance pay off to cover it AND did not have gap insurance. basically you are screwed and responsible for the rest of the loan amount car or no car. Some people believe Gap insurance is a rip off so they do not suggest it to you and some just don’t know what it is. They do not need to be selling cars. Not fair but the way of life. Father is an insurance sales man. I also had a dame hit me I had GAP insurance and she did not. She still had to pay off the balance on the loan even however she did not have the car. The courts won’t do much because you had the option to purchase gap insurance and you did not, it does not matter that you did not know.
Does the at-fault driver with utter coverage insurance pay for the other car?
%DETAILS% NoThe person who is at-fault is responsible for your damages. His insurance will pay for everything. Tow, rental, damages.
If you have utter coverage and total your car will the insurance pay for another car even tho’ the one you crashed wasn’t paid off yet?
noNo, the insurance company has a responsibility to the lienholder very first, then you get the balance of the settlement based on the local market value of your car. Insurance companies are not responsible for purchasing you a fresh car and the settlement is based on the value of the car you had an accident in. The settlement is not based on what it will cost to buy another vehicle.
If a vehicle has ‘total coverage’ and is stolen how much will the insurance company pay out?
if it is recovered and repairable they will pay to repair less your comp deductible, if not recovered they will pay the actual cash value of the vehicle less your comp deduct, also sales tax (or credit) title/licensing fees etc……
If you have utter coverage how much will your insurance company pay you for your stolen car?
Coverage on a Stolen Car .
Most insurance companies will only pay the blue book value of the car at the time that it was stolen. Check the Kelley Blue Book or the National Automobile Dealers Association for approximate values.
If you have utter coverage and your vehicle get stolen and the insurance would pay the blue book value do you have to pay for the rest of the loan?
You are responsible for the difference in what the car is worth,(Insurance Payment) and the balance of the loan. Insist the insurance pay you the NADA retail value of the car, not the Blue Book value.
How can you get car insurance coverage without paying total year premium after cancellation?
They refund you the remainder of the premium not used for the year.
Will your utter coverage auto insurance pay for your car if you where drinking and driving and had an accident?
They’re pretty much obligated to do so, but recognize that you will very likely be dropped from coverage as soon as they detect the DUI on your record.
What does the insurance company have to pay if you total your car with total coverage?
They pay whatever the value is of your vehicle less the deductible..
The value they pay, in most cases, will be the trade-in value or average private sale value. Not enough to substitute the car even when you add the deductible..
anything you do with the car or any one else but beware when claiming on insurance they will charge you more next time
If a car you bought is found to be stolen should your insurance pay for it?
No, the seller is obligated to provide clean title. If the dealer has sold a stolen car, you should be able to get all of your money back.
If you buy a car and insure it and it turns out it is a stolen vehicle should insurance pay for it?
You’re screwed .
This is one of the diciest situations that can happen to somebody purchasing a vehicle. Frequently, the last purchaser of the stolen vehicle is screwed. Hyper-technically speaking, you received stolen goods, which makes you a fence! But those cases are uncommonly prosecuted, if the purchase was done in good faith on your part. But what will that get you except being car-less and thousands of dollars poorer? Not much..
You’re only recourse is through the civil courts. You’ll have to sue the party who sold you the vehicle. Hard if it’s a dealer; very hard if not unlikely if it’s a private individual. The insurance company is not required to pay you anything, because the car was not stolen from you and you were not the rightful proprietor to begin with.
If the insurance company didn’t make you get utter coverage who is responsible if your car is stolen?
If You Did Not Purchase Utter Coverage. They Are Not, So Looks Like The Person That Stole Your Car Is.
Car insurance coverage needed?
If you are asking, “do you need car insurance to drive”, then yes you do. It is illegal to drive without it.
Would one be required to pay off a note on a stolen vehicle when they had utter coverage insurance as well as Gap coverage?
this question has dual legalities each reasonable in it’s jurisdiction. Firstly, the act of vehicle misuse by the act of theft is not covered by any insurance clause i.e, non gave permission for the vehicle to be misused. It only gave protection for remuneration/indemnification should the vehicle is stolen to the holder or to a third party on the event of an accident . secondly, ways of discouraging theft acts is enterly an issue for the police pursuant to the local laws and has nothing to do with insurance cover policy. However, note that these answers are only for situations where the vehicle holder is not the thief but another caught by the police and is being cahrged to pay a bill or two. As for the possessor of the vehicle, who as at the time of recovery of vehicle must have pre-reported it’s theft to the police and obtained a statement which is forwarded to the insurance rock hard. where this is the case then, there is not need to be surcharged for the stolen vehicle now recovered. since it is assumed a total premium has been paid for the policy cover against such event occurring.( You may take out the insurance policy document( proposal form ) for that risk cover and re-read the little prints again to be more sure of your rights against such surcharge. -lawstudent-
Does an insurance company pay off as a stolen car if you received a fake cashiers check when selling car?
Unlikely. Theft is only covered while you are the registered holder of the car and the car is taken by an unauthorised party without your permission. When selling a vehicle you give permission to the other party to take the car. This is more a legal/fraud matter in which you could take activity against the person who issued the fake cheque and is unrelated to insurance. Seek legal advice.
Will your insurance pay for your car you totaled and it was your fault you have total coverage on your leased car?
This is sort of an educated guess, but I believe the insurance would pay the dealer and not you. I simply say this because when leasing, you never own the car, you simply “rent” it for a definite amount of time.
Is total coverage insurance on a used car needed?
if you want coverage on ‘that’ vehicle yes…rule of thumb i always use is can i substitute this car without much trouble should it total? 2500.00 car yes, i could, 10k car, no i couldn’t…….and i weigh the cost of the premium for the collision and comp coverage on that vehicle…do coll and comp cost me 500 a year? well, in less than four years (due to depreciation) I’ve spent again what that 2500 car cost me……see?
How much car insurance coverage do you need?
each state has a minimum you must carry, but these are min. for example the state i live in only requires 10k for property harm…that’s not almost enough..you can’t hardly get a good used car for 10k anymore…this min. would mean : you are at fault and the harm you caused to the other vehicle (or vehicles/fences etc..all harm caused from one accident to the property of others) was say 15k (not uncommon), your policy would/could only pay 10k and now you are left with 5k to pay… so you need to review it cautiously, i personally have 50k on property harm, and 100/300k on bodily injury and uninsured motorist…what both of those coverages are: 100k (limit) per person and 300k per accident for any injuries i cause (under the bodily injury coverage) and same for uninsured motorist..that coverage pays for the injuries caused by an uninsured motorist…….clear as mud right?
If your car was cracked into and your GameCube was stolen is there anyway your insurance can pay for it?
Unluckily not. It is your responsibility to ensure that all valuables are liquidated from view in a car when you leave the vehicle. The best of us can leave behind things at times but ultimately it is your responsibility to take your stuff with you. Sometimes insurance companies will insure stuff Fastened to the car, such as audio equipment, but most of the time you have to have very specific insurance for that and usually the company will have an itemized list of what’s covered.
You total out your car and your insurance denies coverage will you still have to pay the notes?
Yes. Your auto loan must be paid whether or not the car is driveable, lost, stolen, whatever. The lender doesn’t know or care if the car was totaled and the insurance company only gave you the blue book value on it – in way too many instances the car is not worth what it costs overall. Review the terms of your loan.
How does total coverage insurance pay offs work?
Total coverage insurance will help you get your car immobilized after ithas been wrecked. You can also get a fresh car if it has beencompletely totaled.
How much does the insurance pay you would you be able to substitute your car that was stolen?
If you have utter coverage they will pay for it. They will pay you what they feel the car was worth and NOT the KBB…i know this, cause the good people at State Farm felt my car was worth a good 3500 less than the KBB and paid me that.
If you have utter coverage car insurance and you have an accident and are killed does insurance pay settlement?
An unendorsed ISO Individual Auto policy should pay your “Part B-Medical Payments Coverage” Limit to an insured,which is a no-fault coverage. This is usually a low limit of 1,000 or Five,000 but can be enhanced. Uninsured/Underinsured coverage could pay bodily injury or funeral expenses you incur if the negligent vehicle doesn’t carry insurance or doesn’t have an adequate amount. Also, there are endorsements available that could indemnify after a death such as “Auto Death Indemnity”, which sounds like what you are needing.
Does total coverage auto insurance pay off a lien?
The insurer is required to compensate you at Fair Market Vallue. This usually will pay off any remaining financed note unless you greatly overpaid for your vehicle. There are times when you can owe more on the vehicle than an insurer is willing to pay. Nude in mind that it is not the fault of the Insurer if a consumer makes a vehicle purchase agreement in an amount greater than the actual vehicle value.
Your car was stolen with only liability insurance will the insurance pay?
Sorry. I feel for you. But you are screwed. I had a 1995 Acura Legend stolen and only had liability on it (I dropped total coverage two months prior). It is without a doubt NOT covered.
Your finance car was stolen does your insurance claim go to your finance company to pay off the cars debt?
The monies from the insurance company will go towards the car payoff. Now, the insurance company is entitled to pay off the worth of the car. If the car is worth less than you owe, you may have to pay back the rest. For Example, say you owe $20,000.00 on a certain vehicle. The Blue Book(www.kelleybluebook.com) value of this vehicle is $Eighteen,000.00. If they pay utter value of the vehicle $Legal,000.00 you may still owe the rest $2000.00 to the loan of the vehicle. This means you were upside down on the loan…
If a car was stolen and found in bad condition do you have to accept the vehicle back or can you reject it and have the insurance company pay it off?
I am sure that theft insurance functions just like collision. The insurance company has the option of repairing the car or announcing it “totalled” in which case they give you fair market value for the car (they do not have to pay it off)
If you have utter coverage insurance and have a car accident will the insurance company pay off your car if you still owe on the car?
If you’re filing the claim through your own collision coverage, your car insurance will pay the actual cash value (ACV) minus your deductible at time of loss. This may not be enough to cover loan due to interest, negative equity, etc. You can look at buying gap coverage either through your finance company or your insurance company if this concerns you. The best available resource for determining your ACV is www.nada.com.
Will renters insurance pay for private belongings stolen from car when not on the property?
Yes. It depends on the items and if you have proof of their value..
Yes. It depends on the items and if you have proof of their value.
If your car is paid in utter do you need utter coverage insurance?
No. But in most states you are still required to have liability insurance to cover the costs of any damages you may cause to others if you are at fault in an accident.
Will the insurance company pay for a car if it was stolen using the key?
Yes. My car was stolen not once, but twice within a one month period. I just moved into a fresh apartment and I accidentally left my keys stringing up outside still in the lock. I awoke the next morning and instantaneously discovered that not only my keys were missing, but my car as well. They recovered it Three days later totally wrecked. I fortunately had total coverage, and they paid for all repairs & even a rental car until I got it back. They didn’t switch the locks or alarm on my car as I requested, and you guessed it, a day later my car was gone again. The insurance company gave me Two weeks, then eventually wrote the car off as a total loss, and paid me for the blue book value at the time. I only lost out $896 on the total 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 Holder 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 proprietor 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 proprietor to pay for their loss.
What type of insurance coverage will pay for the loss of a person’s look?
It is significant to have different types of insurance during a lifetime. A persons health insurance coverage will pay for the loss ofthe person’s view.
Does utter coverage insurance pay for a rental car?
Some policies automatically include a minimal amount ofrental reimbursementcoverage, but generally your policy includes no coverage for rental reimbursement if it is not listed with apremiumon yourdeclarationspage.
Does a insurance company have to pay for your stolen car if you have utter coverage ins?
If by Total Coverage, you mean you also purchased Physical Harm, aka harm or loss of your vehicle and the car was confirmed stolen, preferrably via police report, the company will typically pay Actual Cash Value for your car, less your deductible.
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
Will insurance pay if a car is stolen with the keys by family member?
You will need a Comprehensive policy and you will need to report it stolen with the police. If they are found and the car is not, you will need to go after up on this and take them to court. If at any time you drop the charges, the insurance company will revoke their money used to pay the claim. This will increase your premium, but you would get your car substituted. If your car is recovered and it is bruised, then the claim will cover the harm in the same situation. Again the ripping off the charges against your family, will drop the claim on the car. The insurance company (as will law enforcement) will consider it a Civil matter instead of a criminal mater when you drop the charges.
What if car is stolen and you have total coverage?
After making a police report, contact your insurance companies claims department right away and report the theftIf you have comprehensive coverage on that vehicle, then your loss will be covered under your policy. If you have rental car coverage then the Insurance Company will also pay for a improvised rental car for you to drive. It just depends how much insurance you bought. For vehicle theft claims, It is customary for the Insurance Company to wait a brief time to see if your stolen vehicle is recovered for you by authorities.
Will the Insurance Company pay for a rental car if the accident is your fault and if you have total coverage ins?
Only if you have bought the extra coverage to have a rental. “Utter coverage” usually just means you bought liability, comprehensive, and collision insurance.
Will home insurance pay for car keys stolen?
No, even if it did, it would be less than you deductible anyway. Car keys cost about 7 dollars to substitute by a brand car dealer. all you have to do is give the dealer your vin number.
When insurance pays for a stolen rental car and the car was found who now wields the car?
All salvage rights would belong to the Insurance Company because they have already bought and paid for the car. It would now belong to the Insurance Company. If the Rental Car company attempted to keep the vehicle without very first negotiating a purchase or buy back from the Insurance company it would be considered Grand Theft. They would be subject to criminal and civil charges.
If a rented car is stolen and insurance pays but then the car is recovered what happens to the car?
The finder is obligated under civil and criminal law to notify the Police and the Holder of the vehicles recovery and location so they can come pick it up. Since the the Insurance Company already paid for it. It belongs to the Insurance Company. If the Rental company wants it back, They will have to attempt and buy it from the Insurance Company. All salvage rights would belong to the Insurance Company because they have already bought and paid for the car. It would now belong to the Insurance Company. If the Rental Car company attempted to keep the vehicle without very first negotiating a purchase or buy back from the Insurance company it would be considered Grand Theft. They would be subject to criminal and civil charges.
Do you have to have insurance total coverage if you are not driving a car that you are still paying on?
Yes & No. You still have to have liability coverage, which is the lowest type of car insurance, if you plan on driving another person’s vehicle. Because, several years ago, I drove my friend’s vehicle and the brakes went out and I rear-ended another vehicle. My friend did not have insurance on his vehicle, so my license was suspended for three months for no insurance. I advised the DMV that the vehicle wasn’t mine! But, they told me that it doesn’t matter! I should have had liability insurance anyways, if I was planning on driving someone Else’s vehicle!
Who needs total coverage car insurance?
People who need total coverage car insurance include those who use their cars often. So, that includes people who go to work early, and often, people who attend university and use their car as a form of transit or even if you need to go to a friends house every week.
What types of coverage do most drivers need for auto insurance?
This is not a question that someone can reaction for you over the internet. I recommend that you find a local Independent Insurance Agent that you can do business with. Very first you might want to educate yourself a little on what coverages are suggested in your state. This you can do on the net. Be fair with the agent concerning your driving record and claims history and anything else they ask. They will work with you to tailor the insurance to what you want and will quote several insurance companies to find the best rate and service. For total disclosure, I own and operate a petite Independent Insurance Agency and have for the past 22 years. I also worked for a direct writer for the Trio years before that.
Do you need insurance to pay a no car insurance ticket?
No, you don’t need insurance to pay the ticket. However, Since almost all U.S. states these days will suspend your drivers license for having been found guilty of driving without insurance. You will need to buy insurance before you can get the drivers license suspension lifted.
Do you have to proceed paying your insurance if your car is stolen?
No, as long as you have let your insurance company know they car is stolen.
Does car insurance pays for windhield if customer only have Pip and pd coverage?
No. You would need comprehensive coverage for the policy to pay for windshield harm on a vehicle.
Does the dealer you buy the car from have some type of insurance coverage?
When you test drive it, yes. Once you commit to buy it, insuranceis your responsibility.
What types of car insurance coverage does State Farm suggest?
State farm offers many kinds of car insurance coverage. They suggest comprehensive insurance, liability insurance, private injury coverage, uninsured and underinsured motorist coverage,as well as rental reimbursement and Emergency Road service.