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What happens when damages caused by car wreck exceed the insurance coverage for property damages?
Wiki User
∙ 16y ago
Then, you will seek a civil remedy for the remainder--and accept a payment plan--if it was not your fault. However, if your car was totalled and you still owe money on it, then you will have to keep making payments until it is paid off. If the wreck was your fault and the other person is coming up short, then you may be sued for the remainder, unless you make a settlement agreement (make sure you get legal advice if this is the case).
Wiki User
∙ 16y ago
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What happens if you are in a fender bender with no car insurance in the state of mn?
You will receive a no insurance violation (major offense), and be liable for damages. If you are hit by a vehicle with no insurance, your insurance will cover the property damage (subject to the deductible) and injuries may draw from the Uninsured Motorist coverage on your policy.
What kind of protection does property insurance provide?
It provides protection against damage or theft to items on your property. If something like a fire happens at your residence and damages your property, property insurance covers that.
What happens if the damages in an accident exceed the insurance coverage of the person at fault?
You need a life insurance policy to cover the risk of death and a health insurance policy as a cushion against hospitalisation expenses. Buy Personal Accident Insurance Coverage :
What happens if you are rear ended by someone without car insurance?
If you have collision coverage, file a claim with your insurance company. They will pay for your damages, minus your deductible, and then pursue the other vehicle's owner to get your money back (Also check your policy to see if you have Uninsured Motorist Property Damage). If you don't have either coverage, you would have to pursue the other vehicle's owner legally.
What happens if you are driving an uninsured car and you get into an accident and it was not your fault?
The at-fault driver's insurance will pay for all property and bodily injury damages.
What happens when your at fault in an accident but you can't pay for it?
Your insurance will care of the damages. If you don't have insurance, the other parties insurance will take care of the damages and then go after you.
What happens if an accident is your fault and you have have insurance?
When this happens, your Insurance company pays for damages. If the accident is your fault, your insurance rates can go up.
What happens if you hit an an uninsured motorists and you only have liability?
If the accident is your fault, your liability coverage will pay for the other person's damages. You will be out of luck as no coverage will be afforded for the damages to your vehicle or any injuries to you or your passengers.
If you have a car accident in someone else's car and they have full coverage will that cover the damages to the car you hit?
Usually, if the driver had the owner's permission to drive. What happens if the car is owned by the person that has the accident but the insurance is in your name? However you no longer want to be in that relationship or to have to pay that insurance?
What happens if you have a minor car accident and you have no insurance?
You pay for all damages if you were at fault, and get a citation and fine for not having insurance.
Will homeowners insurance cover a damaged wind turbine on your property?
There are two types of coverage, and insurance policy and a maintenance contract. Rarely do these offer the same coverages. An insurance policy is meant to cover you when an accident happens. You would need a maintenance policy, it's similar to a television set, when breakdown occurs then coverage may kick in.
What happens if the driver who is not at fault for an accident does not have insurance in California?
Typically, the uninsured driver will be cited for it, and your insurance co. is liable for the damages.
