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.
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.
No you need to have a drivers license. It is illegal to drive a car without a drivers license and that is how the finance company looks at it.
If the driver was uninsured or only had liability insurance, they would be liable to still pay the finance company back or face a lawsuit.
The insurance company will pay the finance company not you.
ABSOLUTELY.
yes
It belongs to the insurance company
Instant Finance is a New Zealand finance company specializing in personal loans and insurance. One can either apply for loans and insurance online or can visit any of the 22 branches based all over New Zealand.
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.
It covers the finance company. nobody else.
It's a life insurance company called Pacific Life. http://www.pacificlife.com/
Tesco finance offers all different kinds of insurance like car insurance, home insurance, and travel insurance are a few to list. To find out more one could look at the company's website.