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What kind of customer would want collision coverage for his or her auto insuranceanything?
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What kind of customer would collision coverage for his for her auto insurance?
Someone concerned about damage to his or her own car. This is because collision coverage pays the cost of repair to one's own car, and to that extent, it is referred to as "first-party coverage". The payment made by the insurer is generally subject to a deductible, which is the dollar amount that the insured has agreed to pay toward the cost of repair. When a vehicle is financed or leased, the lender or the lessor will invariably require the customer to maintain collision coverage on the vehicle so as to preserve the value of the collateral. If the customer does not demonstrate that he/she/it has, there is generally a process by which the lender/lessor can obtain "forced-placed" coverage and have the premium added to the customer's loan/lease account.
What kind of customer would want collision coverage for his or her auto insurance?
Someone concerned about damage to his or her own car. This is because collision coverage pays the cost of repair to one's own car, and to that extent, it is referred to as "first-party coverage". The payment made by the insurer is generally subject to a deductible, which is the dollar amount that the insured has agreed to pay toward the cost of repair. When a vehicle is financed or leased, the lender or the lessor will invariably require the customer to maintain collision coverage on the vehicle so as to preserve the value of the collateral. If the customer does not demonstrate that he/she/it has, there is generally a process by which the lender/lessor can obtain "forced-placed" coverage and have the premium added to the customer's loan/lease account.
How do i go about getting my totaled and financed car covered by an insurance company that let me get a policy with no collision?
The insurance company would not have required you to get insurance coverage, as it is an optional coverage from the insurer's standpoint. The bigger issue is that the company through which you financed the car would have required collision coverage because it was interested in protecting the value of the collateral. Therefore, it may have obtained "forced-placed" collision coverage on the car and charged the premium to you (through your car payment). If that was done, you would normally have rec'd notice of it and been given a chance to get collision coverage and produce proof of it. Furthermore, collision coverage would have to have been in force at the time of the collision; it would not be retroactively applied to cover the loss.
If another person is driving your car with consent and swerves to miss a deer but lands in ditch and damages the car who is liable?
typcially the insurance stays with the car....if you have collision coverage (if no actual contact with the deer would be collision rather than comprehensive coverage), your insurance would cover.....in most states if there is no collision coverage on the vehicle, but the driver has a vehicle that has the needed coverage it would then apply.........
Is backing up into a telephone pole is it covered under comprehensive or collision coverage?
This will be covered under the collision portion of your Auto Insurance policy. You collided with a telephone pole. Hence, Collision coverage would invoke.
Does auto insurance cover accidental fire damage?
The kind of coverage that would be necessary is called comprehensive coverage. It usually sold in conjunction with collision coverage.
Would your car be covered if it is parked in your yard and is hit by an uninsured person under your full coverage?
If your "full" coverage includes Collision coverage then the answer is yes, or if you don't but do have Uninsured Motorist Property Damage coverage then the answer is also yes. I think some states have the UMPD listed seperately on the policy even if you have Collision coverage.
What type of insurance covers the other driver's car in a collision?
That would be liability coverage.
Is it covered under comprehensive or collision when your vehicle is parked unoccupied at a restaurant and you do not know who hit you?
Unless it was an animal that ran into your car it would be Collision coverage that would apply.
What happens if your car was involved in a hit and run while parked and unoccupied?
This would be paid from the comprehensive coverage on your policy. If you do not have this coverage, you will not get paid. Additionally, you should have called the local police and gotten a copy of the report. Comprehensive coverage has nothing to do with this type of dammage. If you had collision coverage at the time of the damage then call your claims department and file a claim. Your collision deductible would apply. If you didn't have collision coverage but did have uninsured motorist property damage then that may apply. if you didn't have either then you have a damaged car.
Will allstate liability insurnace cover you if you hit a deer?
Comprehensive coverage will usually cover you if you hit a deer. Coverage may be optionally covered under comprehensive or collision in some states. If you do not actually hit the deer and have a collision, it would only be covered under collision insurance.
I am considering dropping collision insurance on my 20 yr old truck. Is it worth the price to keep the insurance or am I better dropping it?
You are better off dropping your collision coverage. The amount extra that you are paying each month could be saved and would probably equal out to more than any amount you would get reimbursed for your collision coverage.
