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If your lien holder has changed or you have paid off your car. Just notify your insurer, you can send or fax them your payoff notice and they can remove the loss payee clause for you.
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∙ 12y ago
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Will an auto insurance company repair a car that has had an electrical fire even if there is no physical damage to the body of the car?
yes. it is a covered loss Payable under comprehensive or "other than collison"
What are loss payable provisions?
Loss payable provisions are clauses in insurance policies that designate a third party, such as a lender or financial institution, as the payee in case of a covered loss. This ensures that the third party will be compensated directly for any claims related to the insured property or asset. Loss payable provisions are commonly used in situations where there is a financial interest in the insured property beyond the policyholder.
Is auto insurance cheaper for a new car?
Hardly ... the cost to fix a new car is far greater than an older one. The insurance must also cover complete loss, payable to the institution who owns it (has the title) ... that is not usually required in an older car purchased for cash.
What is the anwer for the amount payable by an insurance company for a monetary loss to an indiviual insured by that company under each coverage?
holder
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.
How long does it take for auto insurance copanies to pay loss wage claim?
how long does it take for an insurance company to pay a loss wage claim
What does Date of loss mean with auto insurance?
DOL, or Date of Loss, indicates the calender date of an accident or the date that the loss occurred.
How do you order loss runs on a commercial auto policy?
Contact you insurance agent and he can obtain the loss run from the insurance company. Some may be able to print out the loss runs themselves.
Just what exactly is auto insurance?
Auto insurance protects you against financial loss if you have an accident. It is a contract between you and the insurance company. You agree to pay the premium and the insurance company agrees to pay your losses as defined in your policy.
What kind of life insurance policy protects a company from loss caused by the death of an officer?
Keyman Life Insurance. It's a normal life insurance policy that is payable to the employer to indemnify it for the loss of an important employee and to pay expenses of recruiting a replacement as well as training and such costs.
Do you keep your current auto insurance if you get sr22 insurance?
Auto Insurance and SR22 InsuranceSR22 Insurance "is" "Auto Insurance". They are the same thing. So there is no real need to carry both. You will have double coverage.There is nothing wrong with having 2 Insurance Polices just don't try to get paid twice on a loss and your fine.Drive Safe - Buckle Up.
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
