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What should you do when your insurance company deems your car a total loss but they are taking too much time to send the settlement check to your finance company?
Wiki User
∙ 18y ago
First of all you should talk to the claims representative and if that doesn't get results then ask for a supervisor. If you have an insurance agent to contact you can also get them involved. If that fails to get results ask your state's insurance commissioner for help in the matter.
Wiki User
∙ 18y ago
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Is it normal for your insurance Co to ask you to delete your name from the check to the finance Co for damages?
generally no did the ins co cross out your name or did they just put the finance companies name on the check? If they crossed it out they just committed a crime- its called altering an instrument(check) . If they left your name off the check , the claim was for a total loss and you owed more that the insurance settlement , the finance company would be entitled to the full settlement from the insurance company . If that's not the case your name should be on the check too.
You own your car it was totaled Should you let the insurance company have it after they pay you?
This depends on what the settlement covers I have required the insurance company to allow me to retain ownership, this reduces the settlement. Or the if you do not specify that this is what you want the insurance company gets the car.
Your car was written off by the at fault drivers insurance company what if the settlement figure is not enough for your finance company?
The amount offered by the at-fault insurer should be the equivalent of the balance to finance company. Take NO LESS than that!!! This is called "indemnity" Use that word with the insurer... that will get them sitting up straight! * Use that word and they may laugh at you. Insurance pays the VALUE OF THE VEHICLE. You can purchase Gap Insurance, usually through the financing company, which will cover the remainder of the loan.
How do you know if you have gap coverage on your car?
GAP Insurance is usually purchased at point of sale through Auto Dealerships and Automotive Finance Companies. You should look at the paperwork you received from your vehicle purchase. GAP Insurance is NOT Auto Insurance. It is Finance Company insurance.
Will a finance company accept storage insurance instead of full coverage if the car is never driven If so how much cheaper is storage insurance compared to full coverage?
They will probably demand full coverage on the car whether you drive it or not. The storage insurance should be quite a bit cheaper than if the vehicle were actually in use on the streets, etc. Check with your finance company and your insurance agent.
If you are the primary signer on the car's title and on the insurance who should the check be made out to if you total your car?
To ALL the names on the title AND the bank/finance company that holds a lien.
Can a car only get repossessed for no insurance?
Absolutely. When you purchase and finance a vehicle you sign a legally binding contract. Perhaps you should read what you sign. The contract states that you agree to carry insurance that includes comprehensive and collision with a maximum deductible of usually $500. If you let your insurance cancel then you have broken the contract and therefore the finance company can reposses the vehicle.
I need an insurance form?
you should go to the insurance company or they should have it on their website.
Insurance company refusing to reinsure because of unregister camper in yard is there a distance in feet which let me get insurance.?
This question should be directed to your insurance company. They are the one's that make that determination.This question should be directed to your insurance company. They are the one's that make that determination.
How do you find the name of auto insurance company and its code?
uhm you should know it ? its your insurance company ?
Do I need insurance for a Bus Rental ?
The company you are renting the bus from should have the insurance. You do not need to purchase insurance from a separate company.
I got into a minor accident and I was at fault. The other driver had my information and will file with my insurance company. Anything I need to do?
You should contact your insurance company and let them know. Your insurance company should take care of the rest.
