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Do I owe back payments for full coverage since a tire on the highway caused 6000.00 damage and my insurance company stated I only have liability even though there is a lien on the car?
Wiki User
∙ 16y ago
No you don't owe any back payments to the insurer for coverage you never had. If you only purchased liability then they will not be paying for the damage you described. It is not a good idea to expect your insurer to have psychic powers when it comes to the coverage you need. They were not present when you signed you financing contract. Your Automobile finance contract required you to obtain full coverage. It is your job to do so. Your financier does have the right to repossess your vehicle if you fail to maintain the type of coverage you agreed too in your finance contract. If you are lucky enough to have an insurance company that is willing to retroactively provide you with comprehensive coverage then that insurer does have the right to expect you to pay for that retroactive coverage.
Wiki User
∙ 16y ago
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What liability insurance coverage can be obtained for vacant land?
Whatever coverage amount you wish and that the company will accept, You can obtain liability insurance on vacant land.
Are payments made to an insurance company in return for coverage?
yes it is
What are the benefits of a commercial liability umbrella insurance?
Commercial liability umbrella insurance has many benefits to the company. The liability umbrella insurance is pretty inexpensive compared to other coverage policies. It also provides better protection and coverage.
What company offer's limited liability insurance?
You can purchase limited liability insurance from any company that sells a car insurance policy, so you will choose the level of coverage you want to buy.
Can you just get liability insurance for a house?
Not likely. The owners liability coverage is generally an option under the home property insurance policy. I don't know of any insurance company that would sell Liability as a stand alone coverage for a home.
What types of businesses sell Company Liability Insurance?
The Company Liability Insurance is a protection service. The company that sells the insurance is called Nationwide, and the base is in Colombus. One thing that is unique with this insurance is the uninsured and underinsured mororist coverage.
What is aegis insurance?
Aegis Insurance is a leading mutual insurance company. The company provides property and liability coverage. They also provide risk management services.
What will happen if someone sues your homeowners insurance How will this affect me?
First the suit will not be filed against the insurance company but against you as the homeowner. Your insurance company will come in and protect you from the suit. This is covered under your liability section of the insurance policy. Your coverage includes legal fees in addition to the amount of coverage on your liability section.
Is being sued for your home covered by insurance?
It depends on why your being sued. If your homeowners insurance covers the act that caused the suit, then you should have legal defense costs coverage if you purchased liability insurance with your homeowners insurance policy. If you did not purchase liability coverage then your insurance company will not defend you.
How do you find your neighbors homeowners insurance for liability?
You will just have to ask them for the insurance information. there is no central registry or database for homes and the insurance companies that insure them. You should first determine if your neighbor even has Liability insurance. Not all homeowners purchase liability coverage with their insurance policy. A home insurance policy can be bought with or without liability coverage. If the homeowner has elected liability coverage, The homeowners insurance policy will provide the homeowner with legal defense for the cost of defending against a suit that is brought against them claiming liability on the part of the insured. If the Insured is found at fault or liable in court, then their insurance company will cover the cost of those liabilities up to the specified policy limits. Alternatively you can sue your neighbor. Then If your neighbor has Liability coverage on his home insurance policy, You will then meet your neighbors insurance company attorneys in court.
If your car is declared totaled do you still have car insurance The insurance company has not paid yet.?
Hi, It depends on what type of insurance you had. Liability, full coverage...etc...Call your insurance company and find out.
If a vehicle is stolen and is only covered by PLPD will the insurance company pay for the loss?
You must have comprehensive coverage in order to recover on a claim from your insurance company if your vehicle is stolen. Liability only is just that, liability for your legal liability for damage or injuries to others.
