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If you was on your dads insurance as a named driver does in affect their premium if you have an accident?
Yes, the general idea of insurance is that your rates go up when you cause an accident and they are forced to pay out.
If you were involved in an accident and did not have full coverage but the bank had put forced insurance on the loan will that insurance cover the totaled car?
That insurance will probably cover the BANKS interest in the vehicle and any liability that may be assigned to it, but little or nothing for you.
What does forced place liability insurance cover?
It covers the lien holder interest only in the described property. There is no coverage at all for the borrower / debtor.
Can you sue the person that owns the property that you were in a Auto accident on?
You sure can! The only thing you have to prove is that the property (either the land or the building) forced you to drive on it and then made you get into an accident and if the owner knew the property was going to do this and did not prevent it they could be "negligent". So for example, you are driving down the street and the land moved one of its buildings into the street forcing you to drive onto the property where you had the accident and you then struck a different building on that property, and the owner new the land was going to do this and that the building was planning on causing your vehicle damage, but then chose to do nothing about it you could sue them.
What is forced placed Insurance?
Forced Placed insurance is the coverage obtained by your Lienholder when you fail to comply with the insurance required by your agreed finance note. Forced Placed coverage will not provide you with liability insurance that meets your states Financial Responsibility requirements, it only insures the lienholders interest. The terms of your finance contract will describe the required coverage. Failure to comply with the terms of your finance contract results in the lienholder obtaining it to protect their interest in the financed property.
What is needed to add home insurance to replace a forced insurance policy?
Cancel the forced insurance policy and add terms and conditions to your homeowner policy.
Is collision car insurance for California residents mandated by law?
In California, you basically have three minimum requirements for auto insurance. You need coverage for injury or death to a single person, multiple people, and damage to property. The minimum requirements are very low, $5,000 for property damage, for instance. So, please note that these minimums may not fully cover you if you do have an accident and you may be forced to pay anything above and beyond what you were covered for. So, for this reason you may consider upping your coverage to protect yourself.
How Does Texas Car Insurance Work?
Although every driving American is required to have auto insurance, this insurance can differ greatly from state to state. One state that is certainly quite different from many other states when it comes to car insurance is Texas. Every single car a person owns in Texas must have the minimum insurance coverage required by state law. In fact, proof of Texas car insurance must be presented before a person is even allowed to register a vehicle. For each person in a car accident, a minimum of $25,000 must be provided for harm done to that person by the accident. For all bodily harm done to those by the accident, a policy must provide a minimum of $50,000 of coverage. Lastly, $25,000 of coverage must be provided for any property that was damaged ore destroyed by the accident. Texas is a state that uses a "fault system" for its car insurance. This separates it from other states that implement a "no fault" system. What this means is that a person can be held liable for the accident if that person is determined to be at fault for causing it. In certain states, this liability can be proportional and spread out among multiple drivers. However, in Texas, it is likely the person determined to be at fault will be held liable for all damages created by the accident. In most cares, these damages will be paid by the car insurance company of the person that is at fault for the accident. Due to how this system works, it is generally a good idea for a driver to have a good amount of car insurance coverage in case an accident ever occurs. In states with a "no fault system," less coverage may be required. Texas also differs from other states in how it lets insurance companies set the rates that customers are forced to pay for auto insurance. Texas law specifically allows credit history to be used as part of the criteria that determines a person's car insurance rate. This is not allowed in many other states. In fact, it may also be used to determine how a person pays car insurance premiums. For example, a person with good credit history may be allowed to make quarterly payments. However, a person with poor credit history may be forced to make monthly payments. People with really poor credit may even be forced to pay the premium upfront in full.
What happens when an insured car hit you and you hit another car but your car isn't insured?
If you were forced into striking another vehicle by a vehicle which struck you first, the vehicle that struck you is (usually) responsible for the entire accident. However, if you are required to have insurance in your state, that will not get you out of any ticket becauise of your lack of insurance.
Will insurance companies be responsible for property ruined by the oil should the oil be forced inland by a hurricane?
During hurricanes, property is mostly destroyed by gusts of high winds and flying debris such as branches- which the insurance companies will pay for if insured. Floods occurring during hurricanes are usually filled with mud, so flooring and carpets require replacement. So, I don't see the oil spill as adding to the property damage.
Can you be forced to use life insurance a certain way?
No.
Can husband be forced to leave once property is no longer in his name?
yes. because it is no longer his property.
