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What is the payment of damages by the insurance company directly to the insured?
Wiki User
∙ 9y ago
Payment of damages by the insurance company against your Householders' policy is paid directly to your account through NEFT,instead of cheque as was customary earlier.
Wiki User
∙ 9y ago
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If a uninsured car is parked and hit by an insured car will the insured cars insurance company pay for damages?
Only if the insured car was at fault.
Will progressive insurance pay for an uninsured vehicle if the at fault vehicle was insured by them?
The insurance status of the victim's vehicle is irrelevant. The at-fault insurance company will pay for your damages whether your car is insured or not.
Can an insured driver still sue me after his car was fixed by his insurance?
It is more likely you will be sued by the insured driver's insurance company. Just because the other driver had insurance, that does not exonerate you from having to pay damages if you are liable.
If a person has already claimed damages from the at fault drivers insurance company can that person still go ahead and sue the person at fault?
No, the insurance company when settling the claim will have you sign a waiver of damages for their insured before giving you a check.
Who pays in a civil suit the insured out of pocket or the insurance company?
this all depends on what the suit is.........I'll assume that you are sueing for damages to your vehicle and an injury from the accident.....you SUE the person responsible, if you gain a judgment and there is insurance coverage the insurance company will be bound by the judgment to pay........(they will also be providing their insured with an attorney......) they cannot mention in the trail that there is insurance involved....
What is the difference between a company that is fully insured and one that is self insured?
A company that is fully insured goes to an insurance company and buys insurance. A company that is self insured does not buy insurance and plans to pay any claims out of the companies "pockets". For instance, if you own a home but choose not to buy home insurance, you are self insured if you should have a fire.
What is the uninsured motorist clause about in the US?
The clause in a policy of insurance on a motorcycle, provides that if the owner of the motorcycle is injured by a negligent driver of another vehicle who doesn't have liability or insurance, then the insurance company will pay its insured's damages.
In New Zealand if an uninsured drivers car is hit by an insured drivercar will the insured drivers insurance still pay for the damages to the uninsured car?
In most cases if you are fully insured then your insurance will pay for the uninsured driver's car. However if it is only a third party insurance then most likely you have no cover if it is your fault. However it depends on the insurance company and the policy that you signed.
Can an insurance company claim damages from a person who was involved in an accident with the insured after his vehicle is repaired by the insurance company?
Yes; the process is called subrogation. The insurer that paid for the repair of its's insured's vehicle succeeds to the right of action against the at-fault party for the purpose of collecting that which it paid. The subrogating insurer has no greater rights than its insured did, such that if its insured is found to have been, for example, 30% at fault for the collision (in those states that adhere to comparative negligence), the insurer can recover only 70% of its damages.
Name of insurance company who insured Titanic?
the Atlantic mutual insurance company from New York insured the titanic. Company paid $100000 in hull coverage.
Can insurance companies come after you for losses they paid to their policy holder because you hit them and were not insured?
Absolutely yes. You are ultimately liable for any damage you might have caused whether you had insurance or not. The only difference is that if you had insurance your insurance company will pay up to the policy limit for damages you might be liable for. So you can get sued for damages whether you had insurance or not.
Is an insured driver on your policy responsible for damages that they have not repaired on your vehicle?
== == In the event that you got into a car accident and it was not your fault but the other driver's, if he is insured, his insurance company is liable to pay for the damages of your vehicle. On the other hand, if the other driver is not insured, your own insurance company, provided you have a policy regarding uninsured or underinsured drivers, will be responsible for the damages your vehicle has incurred. They however, may have a right of action against the person responsible for the accident. The person who caused the damage to your vehicle is ultimately responsible for the damage to your vehicle regardless of whether there is an applicable insurance coverage or not. Whether you actually have the repairs done is none of their business.
