Your deductible only gets paid in the event of a claim. For example, you tap a light pole in the mall parking lot. The pole is ok but your car is bruised. If you have comprehensive coverage on your car, your insurance company will pay a claim to have it repaired. So, you get a bod shop who says it will cost $1,400 to fit it. If your deductible is, say, $500.00, your insurance company cuts a check to the assets shop for $900.00 which is the difference inbetween the harm repair bill and the deductible. Thus, you must come up with the $500.00 amount.
Do you contact the at-fault person’s insurance or does your agent and if your insurance pays for your damages does his have to pay the deductible?
Fairly often, when the other carrier has accepted liability but you have had your damages taken care of by your own carrier, the at-fault carrier will agree to send you your deductible. Any of you can call the at-fault carrier and request this, tho’ they’ll need proof from your own carrier as to what the deductible is. If, however, there’s a liability dispute inbetween your two carriers, you’ll have to wait until your carrier subrogates and/or arbitrates the other carrier. All this means is that your carrier will ask for their money back, including your deductible, and if the other carrier declines, your carrier will initiate arbitration. Your carrier may or may not win; if they do, they get their money back and can send you your deductible.
If someone hits your parked car does their insurance company pay and do you still pay your deductible?
If you determine to go through your carrier — and assuming your policy doesn’t have a provision for waiving your deductible under these circumstances — then, yes, you’ll have to pay your deductible. Your carrier will then pursue the at-fault party for all monies paid, including your deductible. Keep in mind that applying your deductible has nothing to do with liability. It doesn’t matter if your car was parked and unoccupied, or if you were rear-ended. Rather, the deductible is the portion you agreed to pay in the event of ANY loss, regardless of liability. If the at-fault carrier agrees to pay for the damages (which they should, given the facts-of-loss), then you’re correct: You wouldn’t pay your deductible. Your deductible applies only if you’re going through your own carrier, and even then, the at-fault party still owes for ALL the damages. By avoiding your own carrier, you shouldn’t have to pay out-of-pocket for any of the damages. Also, if you do determine to go through your own carrier, they might waive your deductible if they confirm that the at-fault driver has active insurance, and if they confirm that the other carrier is willing to pay. A private practice: When I called my insurance company about this, they told me that if the at-fault person’s insurance company (I’m assuming they’re at fault since they hit a parked car) assumes liability (again, since they’re most likely liable) they’ll cover the damages and I won’t have the pay the deductible. Did I hear this wrong? Also, I live in Pennsylvania, and from what I hear our insurance laws are a little goofy.
Can your car get repossessed for not paying your insurance?
IF your loan contract specifies that you must maintain insurance covering the vehicle, the reaction is YES..
Just an echo of the previous response, most major lenders require that the vehicle maintain utter coverage insurance. It states in your finance agreement that the vehicle must remain insured or it can be repossessed.
If someone drives your car with your permission and has an accident who should pay for the items not covered by your insurance such as deductible and alternate transportation etc?
That is inbetween you and your friend and how much you want to remain friends with this person. This question might be better suited for Dr. Phil or Oprah.
If your car was hit while parked do you have to pay the deductible for the repair?
This would be dependent on the insurance you have. If you know who hit your car and have all of the pertinent information, you very likely should not have to pay the deductible. If you don’t know who hit your car, and your state and/or you do not have waiver of deductible insurance, then you would have to pay the deductible.
Do you have to pay a deductible if your car is involved in a hit and run accident?
If the party who caused the accident is not located, then you very likely will have to fork over your standard deductible.
Do you have to pay both deductibles if you hit your own 2nd car?
Insurance DedutiblesIt depends on your insurance company and coverage. After receiving a letter in the mail from 21st Insurance and reading through the paphlets enclosed, I have come to the understanding that some insurance companies suggest a no-deductible service if your car and the other car involved are covered under the same company. Assuming the fact that both your cars are on the same insurance policy it would seem that if your insurance company offers this service you shouldn’t have to. I recommend contacting your company and determing if this is a service they either suggest or if you have to pay extra for it. Hope this information helped.
If you permitted a friend to drive your car and he totaled it but his insurance company subtracted 500 from the check for the deductible why do you pay for his deductible?
Because this was an at-fault incident, the 500.00 deductible is your responsibility. You as the proprietor of the vehicle permitted your friend to drive the car to begin with. Your friend in all fairness should pay you the 500 dollars..
I’m a bit confusedWhy is your friend’s insurance paying you? Your own comprehensive/collision policy should pay you (less the deductible) and then “subrogate” the claim to your friend’s auto or general liability insurance or sue him directly if he has no insurance and send you the deductible after they have collected.
Are you responsible for the deductible on the insurance of the car you hit if you do not have insurance?
If you were legally at fault, you are responsible to pay all damages to other vehicle. Even if you pay the other persons deductible, that insurance co. will come after you for total amount. The person that you gave the money to for their deductible will then have to give some of that back to insurance co., if they find out that deductible was given to him (her) by you.
Will your insurance pay for a child who hit your car with a mud bike Will you have to pay a deductible or will his parents need to do that?
If you have collision coverage you can receive payment for the damages minus your deductible, your company then should go to the child’s parents for repayment (subrogating them), including your deductible. The parents are ultimately responsible, and can file the claim with their homeowner/renters policy. However, I would suspect an exclusion for any land motor vehicle. Beware, if you have the parents pay just the deductible, and your carrier pays under your collision coverage, them simply paying your deductible does not free them from paying your insurance company the rest of the harm.
Why aren’t co-pays applied to deductibles on insurance plans?
To help reduce insurance premiums and also to put some responsibilty on the insured so they are not using their insurance for every little thing
Who is liable for paying the home owners insurance deductible?
the insured or homeowner, unless there are some special circumstances you haven’t explained
Is it insurance fraud if you pay someone’s deductible?
Yes in some states it is considered fraud and illegal. Texas is one state. As a contractor if I turn in a final bill to an insurance company and it states that I paid the homeowners deductible, portion of deductible or gave them a sign allowance for putting a sign in their yard ( this is thought of as a clever way to hide the payment of the deductible), the insurance company will reduce the final payment by that amount. If you leave it off of the invoice it does not honestly demonstrate the expenses.
If you accidentally hit your wifey’s car with your car and both vehicles are insured on the same policy will you have to pay two deductibles or will it be treated as a single accident?
You need to check with your agent. In some cases, accidents involving relatives are not covered.
What if you don’t pay your car insurance?
Very first, your policy will be cancelled. Then, depending on what state you live in, the insurance company reports the cancellation to your Motor Vehicles department. Depending on how efficient they are, either your drivers license or car registration (or both) can be revoked. In some states, law enforcement will come to your residence and liquidate the plates from the vehicle. If you have a lien on the vehicle, you’re still paying on it, your lender may impose their own insurance on the vehicle. This is expensive, and does nothing to protect you. It only protects the bank in the event the car gets totaled. In many states, lender-imposed insurance does not meet state standards, so you still get revoked, and still have to pay for the car and the lender-imposed insurance. Then you have to pay the state to get your license/tags back, plus a penalty. You have to pay a large down payment to re-establish normal insurance. In some states, you may be compelled to get SR22 insurance, which is up to three time as expensive, before you can get your license back. It’s lighter and cheaper by far to pay the car insurance bill on time.
Does your insurance company pay for your car?
If you carry total collision and replacement of your vehicle, depending on your insurance company, they will pay the blue book value of the car if it is totaled. That is why it is significant not to ever owe more than the car is worth, which is referred to as “being upsidedown.”
Are car insurance deductibles cumulative or per claim?
Car insurance deductibles are the amount which the policy holdermust pay out of their own pocket in the event of an accident. It isstandard for deductibles to be applicable for each claim.
What happens when you do not pay car insurance?
Legal issues such as a minumum of $500 fine. That only goes up if your caught more than once. Possible suspension of driving. Also if your in an accident and it was your fault well that cost is out of your pocket rather than the insurance company.
Do I have to pay the insurance deductible to fix my car in NYC if the other driver runs the stop sign?
If the other driver was found “at fault”, his insurnce company should pay the total repair including deductable
What should your Deductible for car insurance be?
Well the higher your deductible, the lower your insurance premium will be. However, your deductible should be something you can afford in case of a loss.
Where do you file a claim to sue for deductible from a car accident involving a car with no insurance with no insurance?
If I understand your question you are attempting to recover a deductible you incurred due to the fault of the other driver who was uninsured? If this is the case it may depend on the state in which you live and what coverage you may or may not carry. If you are from CA, we have what is called UMCDW or uninsured motorist collision deductible waiver, which if you were carrying this type coverage as part of your auto policy, it would pay your deductible if your vehicle were hit by an at fault, identifiable uninsured driver. If you do not have similar coverage on your policy or in your state, you may simply have to file a claim in petite claims court to recover your deductible and good luck. In many cases if you are dealing with an uninsured driver, even if you win judgement you still have to be able to collect it…sometimes the hardest part! In the future you may want to consider a product called CDRP which is a Collision Deductible Reserve Plan to insure your deductible is always available for you when you need to use it. It is a very wise financial stir that can not only save you hundreds if not thousands on your car insurance premiums but would give you peace of mind knowing your deductible is always there when you need it! You can learn more about this incredible product at TheFiveMinuteMove.com .
Can you be sued after car insurance pays?
Yes, if the person that you hit feels that there was not enough payout. Or there injuries where life treating or there injuries are keeping them from ever returning to work or live a normal life.
Your daughter was driving your car out of Fresh York State and a deer hit the car the car is registered and insured in Fresh York Sstate should you have to pay the deductible?
Yes. The deductible is applicable regardless of fault, location, or anything for that matter. You agreed to pay a portion of the damages when you signed your policy contract. The deductible is your portion. It’s sort of like a co-pay.
If my insurance company deducts my deductible from a homeowners claim do i still pay the deductible?
Yes. The insurance company will pay their portion of the claim which does not include the deductible because that is your portion .
Who pays the deductible if someone hits your car?
The identified third party at fault is responsible for paying the deductible in the event of a motor vehicle accident.
If you get into a car accident and the other person does not have insurance do you still pay the deductible?
This depends on many factors, including the capability of the other person to pay for your damages. Some insurance policies will not require you to pay a deductible. Others will. If the other person can pay for the damages, you and your insurance will not have to pay.
If you hit another car in parking lot do you pay there deductible?
If you hit the car (i.e., you’re liable for the accident), the other driver shouldn’t have a deductible – your liability insurance should pay the entire claim.
Can you pay your car insurance online?
Yes. I paid my car insurance on line. It depends on what type of insurance you’re referring to. Health, auto, home, life? If you have health insurance, it is most likely through your work, and in most cases, they take care of the payment. Most auto, home, and life insurance companies have a website you can access and pay your bills through. Most sites can be found through google.com. The best option would be to call your insurance provider to find out their specific options.
When can you stop paying car insurance and why?
You can stop paying car insurance when a) you no longer drive or b) you no longer own a car. You should always have car insurance if you’re an active driver because you never know what could happen on the road. Insurance will treat most of your paperwork and deal with repairs, rentals, towing, etc.
If the primary insurance has a high deductible will the secondary insurance pay the bill?
A supplemental or an indemnity policy will work in conjunction with your Major Medical policy, you may have to file the claims yourself tho’. The best place to look for an indemnity for good overall coverage is Homeland Healthcare.
Nancy has a 100 deductible on her comprehensive insurance policy If her car repairs total 750.50 how much would her insurance company pay on the repair of her car?
All other things being equal, if the loss comes under the comprehensive coverage of her policy, and is not otherwise excluded, the insurer would pay $650.50; she would be required to pay $100. Keep in mind that comprehensive deductibles and collision deductibles are sometimes different. Therefore, it is significant to be sure of which coverage is involved. Glass claims are usually covered under the comprehensive coverage. Many States have statutes that prohibit insurers from applying the policy deductible to the repair or replacement of a windshield if that is what is involved. Therefore, the law of the State should be consulted.
How often do you pay your car insurance?
When applying for auto insurance, the applicant is usually given options as to the frequency of payment of premiums. It can be monthly, quarterly, semiannually, or annually. Frequently, somewhat of a discount is suggested for the longer payment durations, as the insurer incurs lower internal costs, such as for billing.
Do you pay a deductible if a falling tree damages your car?
YES! But be warned it depends on what type of coverage you have. Some insurance companies will call that an “act of god” and turn down the claim even if you have utter coverage, so you have to READ THE FINE PRINT.
Can insurance co-pay be tax deductible?
If you are referring to a MEDICAL/HOSPITALIZATION insurance co-pay, yes, that is deductible as a medical expense. And on property/casualty insurance, it may be deductible as a casualty loss.
Do you have to pay your deductible if you crash a rental car?
Read your contract, or talk to the branch where you rented the car. Usually a deductible only comes into play if you did not purchase insurance on the rental car and your own insurance policy is involved.
Why do you have to pay insurance when purchasing a car?
There are a number of reasons, two of which include: 1. The financial responsibility law of every state requires liability auto insurance as a condition of registration. This ensures that the possessor has some minimum level of insurance that will reaction to an virginal party if the insured vehicle’s driver is negligent (careless) and causes harm to the person or property of the harmless party. Two. If the vehicle is financed, the lender will require collision coverage. This provides a source of money from which the car can be repaired in the event of a collision. The lender is worried with this because it loaned money based upon the value of the undamaged vehicle. Repair may therefore restore (most) of the value of the repaired car.
When you get a car on disability do they pay your insurance?
It is unclear what you are asking, but I will do my best. If you are asking whether you can buy a car with your disability payments (from a private insurer, Social Security Disability, or otherwise), yes. Keep in mind, however that that may leave you brief for other needs, but it is business decision for you to make. The payer of the disability benefits has no obligation to buy a car for you under ordinary circumstances. It would be the very odd situation that would require a disability payer to do so. Nonetheless, a private insurer may consider doing so as a means of facilitating your come back to work and thereby no longer qualifying for disability. In the long run, it may be cheaper for it to go “out of policy” and do this, than paying benefits for a very long time. The contract controls what you can collect under a private policy; statutes control what you can collect under public sources of disability, such as Social Security Disability.
Do you have to pay a deductible if you hit an animal and harm your car?
Yes you do. It is still considered an accident and it will affect your payments as well.
Do you have to pay the deductible if you hit another car?
If your policy contains a Deductible clause then yes you will have to pay your deductible.
How much they have to pay in car insurance?
Depends on value of the car, where it is located, driver’s age, practice, driving record, and in some cases, grades in school for a student. Too many variables to give a single response. It could be $50 or $500 a month.
Do you pay car insurance when you are in the army?
If the car will be driven while one is in the army, liability insurance should be maintained on the possessor and on the person/people who will be driving it. This insurance is protection against claims by third parties based upon negligence by the driver. Many states hold the holder vicariously liable for the negligence of the driver and apply a presumption that the holder gave permission to the driver to use the vehicle. Additionally, physical harm coverage should be maintained on it (collision and comprehensive). These pay for the repair of the vehicle in the event of physical harm to it. If the car is garaged while the proprietor is in the service, one can take a chance and not maintain physical harm coverage on it. However, keep in mind that if the car is financed, the lender may require that physical harm coverage be maintained until the loan is paid with the lender being named on the policyas a loss payee. The failure to do so may constitute a breach of the loan contract. If the lender learns that physical harm coverage has lapsed, it may purchase “single interest” physical harm coverage and charge the premium to the borrower by adding the premium to the loan balance. The premium for this type of insurance is usually significantly greater than were the insured to have kept physical harm coverage in place as required by the lender.
IS paying someones insurance deductible in North Carolina Insurance fraud?
Most states do not care who pays the deductible, however, if it is a figure shop or a contractor who is paying, it may be considered fraud because they sometimes charge the insurance company more to make up the difference.
Is it insurance fraud if you pay someones Homeowners insurance deductible in North Carolina?
If your just attempting to help out a friend or relative by loaning or providing them money to pay their deductible then no, that is not fraud. However, If your a company or contractor attempting to wave your customers deductible, you would have to actually deduct that cost from the actual price of the service you provide. It would be fraud if you use a pricing scheme that only serves to circumvent the insureds deductible while receiving the utter compensation from the Insurance Company.
Can your insurance go after someone that bruised your car and get your deductible back?
Yes. If someone hits your vehicle and the insurance company pays for the damages, they will go after the person who was at fault for the damages paid and after they collect all the money paid out they will reimburse you for the deductible that you paid when the vehicle was repaired. The damages were paid under your uninsured motorists coverage which has at least a $250 deductible for property harm so when all the damages are recovered from the person, that will include the deductible and you will get a check back for that amount.
Do you have to pay for a car when in an accident who does not have insurance?
Pretty much yes, If your liable for the harm then you have to payfor those damages. If you’d have had your car insurance in place atthe time, it would have paid the bill for you however. Good luck..
Does insurance pay for your car if it burns you?
Kind of an odd question. If you get burned from something on your car, that isn’t caused by a mechanical fire , I doubt if your insurance company would pay you anything. Their liability is for accidents and damages done to other cars in traffic accidents. You need to provide more info for a better response.
What are the best deductibles to pay on car insurance?
It is hard to say the best deductible to pay for car insurance since it will vary by person. It depends on how much a person could afford to pay out of pocket if they get into a pocket, and if a person thinks that they would get into accidents often.
Will insurance pay for a repossessed car?
Of course not! Itwasn’tstolen or wrecked, it was takenfrom you for failure to pay on the loan! Be sure to cancel the insurance.
Can an insurance company come after me for car repair damages caused by my son hopping on a car if I pay the victims deductible?
Absolutely. Not only are you legally liable for the amount of the damages but by paying the deductible you basically admitted your liability. When you agree to pay and you will agree to pay make sure you let them know that you paid the person for their deductible so you can get credit for that amount as long as the other party does not deny that you paid them.
What is dual deductible in car insurance?
I’m not sure what you are talking about. The only place where I can think that you may incur two deductibles is a situation where you back into your own vehicle. This could cause you to have two deductibles, one for each car. Often times, companies will waive one of the deductibles in this case. Damages cannot be paid under liability coverage because you can’t be liable to yourself. In a situation where you back into someone else’s vehicle, you liability would pay for their cars damages and your physical harm will pay for your harm to your car. If you hit another vehicle that you own, since you can’t be liable to yourself, liability doesn’t come into play at all, so harm on each car is paid under physical harm on each one as long as you have this coverage on both vehicles. In this case you normally would have to pay a deductible on each car but most companies waive the lowest deductible so that you only have one, and they also only charge the accident against one vehicle.