Gap insurance is not primary insurance coverage. You would have to have comprehensive insurance on the vehicle very first. After comprehensive coverage pays the actual cash value of the vehicle if it is a total loss, then GAP would pay any difference in the ACV and the balance of the loan on the vehicle. GAP will not take the place of comprehensive insurance in this case. As a matter of total disclosure, I own and operate a puny Independent Insurance Agency and have for the part 22 years. Before that I worked as an agent for a direct writer insurance company.
What does comprehensive auto insurance cover?
Comprehensive auto insurance covers theft, fire, vandalism, weather harm, riots, and other similar acts which may cause harm to a vehicle. Comprehensive auto insurance does not usually cover acts of God, theft or vandalism by family members or employees, contents of the vehicle, or harm due to improper maintenance. Comprehensive is Fire, Theft, and Vandalism (and also if you collide w/ an animal)
Will insurance cover a total loss to a utter coverage auto when the car is covered by a private policy yet the car is titled to the possessor’s company?
Not sure I totally understand your question. Are you both the possessor of the company (and the car), the car is titled to the company, but have the car insured as a private/non-business auto? What were the questions on the application? They ask about business use, if those weren’t answered honestly there could be a problem. Or are you telling the company ou work for possesses the car, but you have to carry insurance on it? Same question about the application would apply. Please be more specific and I’m sure I could be of more assistance.
If your vehicle get stolen and the auto insurance pays the blue book value would the gap insurance cover the rest of the payment on your car loan and what is the limit?
When a car is under lien and stolen/wrecked, the very first payee is ALWAYS the lienholder. You will receive nothing, and the lienholder gets reimbursed for the value of the car. Any outstanding would be your debt. Most insurers make deals with Lienholders to indemnify and lodge up the loan. Not always tho’. MAKE sure to ask the Insurance company how much was paid to lienholder, and ask for proof too!
What does auto comprehensive insurance cover?
Comprehensive is Fire, Theft, and Vandalism (and also if you collide w/ an animal)
What does gap insurance cover?
Gap coverage is intended to cover the difference inbetween what the car is worth and what is owed on the car. So if you owe 15,000 on a vehicle that has a value of 12,000, you should be covered.
Can you file a petite claims suit against a person whose insurance did not cover all your losses in an auto accident?
Depends on the state you are in. Talk to an attorney. We did here in California. Had court on Five/24/11. No one representedmy son, I got his case together for him. The other party demonstrated upwith Trio representatives from her insurance, and they lost. If youhave a strong case against them, I say take them to court. When theother party demonstrated up, along with these other people. I reallythought we were going to lose. See what I had was the responsibleparty of the accident, providing her statement to the officer. Shetells him she did not know what color the light was when sheentered the intersection. No witnesses, no crimson light camera photo,no nothing. Just a movie that I took when I got to the scene.
Does auto insurance cover fire due to aftermarket parts?
well yes, and no, assume you have comprehensive coverage and you put the parts on? what parts? or were you in a prior accident (where an ins company paid to put these parts on?), there are many variables, file the claim, if denied possible to go back on the a/m part co. more details and i could be of more service….
Your car is a total loss and pay off is about half of the amount of your loan you carried some from a prior car will your GAP insurance cover the majority or all of the remaining balance of the loan?
You will need to read your GAP insurance information. Like car insurance each plan is different. Some GAP insurance plans state they will pay 100% of the “resale” value. Others state 125% (meaning the current resale value of your car plus 25% above that). Others state 100% of “trade-in” value..
Bottom line – read the insurance plan document you got from the company, or visit the car dealership you bought the car from and pick up a pamphlet..
Good luck to you!
Does gap insurance cover a repossession?
Gap insurance only pays if the vehicle is totaled in an accident orstolen and not recovered. It does not cover the deficiency balanceafter a repossession sale.
What does auto liability insurance cover?
Auto liability insurance is specifically designed to cover any harm caused to other vehicles if you have an accident. It does not cover reapirs to your own vehicle. It is by law the minimum requirement for insurance in every state.
Will homeowners insurance cover the cost of renting another home for my family to live in while my home is being rebulit due to fire loss.?
Yes, it will. The Insurance company owes you a similar type home in the same area if possible for the reasonable time it takes to repair your home. You must ask for this however, or they will suggest to put you up in a hotel. If you need to stay in a hotel, ask for a suite where you can do your own cooking, cleaning and laundry. Sometimes it may be necessary to pay for the accomidation and then ask the Insurance Company for a reimbursement..
Note: The repair of your home will probally take longer than expected, so be sure to document all delays by the insurance company in order to combat them telling that you are delaying in getting your home immobilized..
One other item: You will be money (and have less stress) ahead to engage a Public Adjuster for Ten – 15% of the settlement, the average settlement is 42% higher when a Public Adjuster is involved!
Does your auto insurance cover you when you rent a car?
There are so many different policys that it’s unlikely to response. Only your insurance company will be able to reaction this question. Be sure to ask what they do/dont cover so you will know in advance.
Who is covered under auto insurance?
Covered PersonsAuto Insurance covers the Named Insured(s) as defined by the policy. It may provide property coverage as well as medical coverages. It will almost always provide Liability coverage. Some policy forms extend coverage to other permitted drivers while some policies will not. For example a Named Driver policy extends no coverage for other drivers at all. It all depends on the type of policy you buy. Insurance is not for cars it is for the protection of the people who own and drive them. Your Insurance Agent can usually explain coverages and recommend the right policy for you. Blessed Motoring.
Is there an auto insurance that covers a person not the car?
yes you can take third party insurance cover for you & your car. where the premium is very less…which will not cover your car harm , fire & theft.
Does homeowners insurance cover wage losses?
Homeowners policies come in different varieties. One of the broadest forms is the HO-3 which provides both physical harm coverage for the structure insured, and liability coverage for third parties who are injured on the property due to the negligence of the insured. Wage loss can be a portion of a claim made by an injured person against the property proprietor, so to that extent, wage loss may be covered or compensated under the policy. That is, a part of the aggregate damages that the third-party sustains may be lost wages. However, wage loss to the insured him/herself is not covered.
Does gap insurance cover theft?
Yes, But only if there is a gap in the final loss payment by the underlying auto insurance policy. If there is no underlying Auto Insurance theft coverage then the Gap Policy is null and void and no coverage would ensue.
Does auto insurance cover trailer?
Yes. In Colorado a trailer would be covered under the auto insurance policy. If you have a fifth wheel or camper I would recommended and insurance policy by itself on it.
No auto insurance but do have gap insurance?
So called gap insurance covers only the difference inbetween thevalue of your vehicle and what you owe to the bank. It offers noother protections such as individual injury & liability, orcollision.
If someone who has auto liability insurance borrows your car and wrecks it, would your vehicle loss be covered?
Generally speaking, the individual auto liability coverage goes after the car, not the driver. The driver had your permission which in legal terms, means you agree and accept there may be consequences.
What does liability auto insurance cover?
Damages to other’s vehicles, property, or persons in an accidentwhere you were foundat fault . In “no fault states” eachperson’s policy covers the other’s damages without requiringdetermination of fault.
Will auto insurance cover DUI accidents?
An ins. co will insure you for pertty much anything as well as protect you for any liability issues due to contractual obligations. The response is, yes!
Gap insurance is from the auto loan or your insurance on the car?
GAP (assured asset protection) auto insurance coverage is one the most necessary, yet least understood insurance products available to vehicle owners. It is generally purchased through the auto dealership or leasing company at the time of the initial purchase or lease. It’s purpose is plain: If your car is totaled, gap insurance will cover the difference inbetween what your insurance company says your car is worth (actual cash value) and what you still owe on your loan or lease.
What does broadened collision auto insurance cover?
Covers medical expensives for you and passengers, will cover damages if other driver who is at fault doesnt have insurance.
Are tenant that rent covered by the proprietor homeowners insurance in the loss of fire?
Depends on the state. In Massachusetts, the landlord is required to carry insurance to cover $750 in the event of a fire.
Does auto insurance cover stolen cars?
Auto insurance will cover the theft of your vehicle if you maintain comprehensive coverage. Comprehensive coverage is generally sold in conjunction with collision coverage. However, unless there exists a lender that requires collision/comprehensive coverage, it is usually not mandated by law as it is considered “first-party” coverage (designed to protect the holder only). Comprehensive coverage also applies to the theft of belongings in the vehicle if they were permanently affixed to the vehicle. For example, if you have an after- market stereo system and sub-woofer that is stolen from your vehicle, it is covered under comprehensive coverage. However, if you leave your purse in the car and it is stolen, it is not covered because it is not permanently affixed to the vehicle.
Whose auto insurance will cover your passenger if they have no auto insurance?
Response 1: If you are driving with a passenger that does not have auto insurance or medical insurance, they can be covered under either your policy or the third party’s policy depending upon the situation. If you are found at fault for the accident, Medical Payments or Individual Injury Protection will pay the a portion of the medical expenses that you and your passengers incur up to the stated thresholds. If you carry Uninsured Motorist and are hit by someone with no insurance, this coverage will pay for injuries to you and your passengers as well. If you are not at-fault for the accident causing injuries and the other party has insurance, the third party liability insurance coverage will pay for injuries to you and your passengers based on the per person and per accident boundaries stated on the policy. Reaction Two: If the passengers are travelling in your auto and, if you are at fault in an accident, your insurance will cover them. If the other driver is found at fault, his/her liability insurance will cover your passengers.
Will your auto insurance cover your auto if seized?
If stolen yes, if seized legally (say as a debt or by the police) no.
Are children covered on your auto insurance?
They should unless you have excluded them. It is best to have all household members on your policy.
Does auto insurance cover sand harm?
Assuming that you are referring to physical harm to the vehicle, the analysis will depend upon the dynamics that caused the sand to harm the car. For example, while it is unlikely that the collision coverage will come into play, the comprehensive coverage may. An example of comprehensive coverage being triggered to compensate you for property harm for a sand-related occurrence is if the car were left outside and a windstorm or similar occurrence blew a quantity of sand against or into the car resulting in sheet metal/exterior finish harm. Without more information as to the dynamics of the occurrence, a more accomplish analysis of potential coverage cannot be given.
Will your medical insurance cover you in an auto accident?
Yes it should, but the auto insurance company may have to pay the medical insurance after the claim is paid.
Is loss of memory covered by disability insurance?
yes in some States. I am not in the disability business so consider the source. But I want to react that almost anything can be treated as a disability so long as it is not voluntary and it interferes with working a regular job. By ‘voluntary’ I am making reference to obesity or alcoholism which are often treated as consequences of choice. I know in one document I read many years ago, the determining factor of whether a problem was a disability had to do with how it affected the job YOU ARE TRAINED IN. So my response to your question is, Yes, it most likely is covered. I can’t say for sure because I don’t know your policy. But the trouble may be in wooing them that the memory loss is sufficient enough to significantly interfere with your work.
What does gap auto insurance cover?
Physical harm coverage on an auto policy says that the insurance company has the option of paying to repair, substitute, or pay the actual cash value of the vehicle. In the case where the harm to a vehicle’s cost to repair is more than the ACV of the vehicle the vehicle is totalled and the company will pay the ACV of the vehicle. Sometimes when you buy a fresh vehicle without much or any downpayment you quickly get “upside down” in the loan. As the value of the car depreciates, the loan balance doesn’t fall almost as rapid. For the very first duo of years you owe more than the value of the vehicle. The insurance company has nothing to do with auto loan. GAP insurance was created to cover the difference in the ACV of the vehicle and the loan payoff. You can buy GAP insurance from the finance company or bank that financed the vehicle or from your insurance company. Purchasing from the insurance is much less expensive and you can drop the coverage once the loan balance falls below the value of the vehicle.
Does liability insurance cover fires?
Liability insurance covers the insured against the claims of others. For example, your neighborhood kid wanders in your back yard, falls into the unguarded/unfenced pool and drowns. Or your mailman gets severely bitten by your “sweet dog” that hurt a fly! Fires are covered by property insurance, such as a dwelling’s fire or hazard policy.
Does comprehensive on my auto insurance cover theft?
Yes, as a rule and possibly in all known policies. If you have any doubts read your policy or call your agent.
Does auto insurance cover hail?
Hail harm and other acts of nature is covered under the comprehensive portion of your policy. If you picked comprehensive coverage when you purchased your auto insurance then yes, it would be covered.
Why insurance doesn’t cover catastrophic losses?
Most comprehensive policies do. Unfortunatley most people are not educated on how to distinguigh a comprehensive plan from one that is limited in benefits. Too many people confuse price and value.
Does auto insurance cover accidental fire harm?
The kind of coverage that would be necessary is called comprehensive coverage. It usually sold in conjunction with collision coverage.
DOES auto insurance COVER you or your auto?
It depends upon the kind of insurance to which you are referring. Physical harm coverage (collision and comprehensive) covers physical harm to the vehicle insured according to the policy terms. Liability insurance protects you from claims by third parties who may have sustained damages as a result of your careless in operating an insured vehicle. The scope of damages can be either property harm or bodily injury damages. Individual Injury Protection insurance (often referred to as PIP or no-fault coverage) pays a portion of your own medical expenses and lost wages if you are injured in a collision. The insurance goes after the vehicle, not the driver, so if you are a driver in another vehicle, that person’s insurance is the primary insurance company unless their boundaries are too low and then the driver’s insurance company would provide excess coverage.
How do you liquidate a loss payable from auto insurance?
If your lien holder has switched or you have paid off your car. Just notify your insurer, you can send or fax them your payoff notice and they can eliminate the loss payee clause for you.
Are mutual funds covered by federal market insurance?
No. Stock Market Investments (Mutual Funds as well) are not covered by federal insurance. It covers only bank deposits
Does gap insurance cover a death?
No. If a car is determined to be a total loss as a result of a collision, GAP insurance pays the difference inbetween what the collision coverage pays as the actual cash value of the car and the outstanding loan balance.
How much does auto insurance cover?
There are mainly two types of auto insurance policies. One is Package insurance(comprehensive) which covers economical loss sustined by the proprietor of the vehicle, upto the extent of IDV(Insured’s Proclaimed Value) upon happening of accident. 2nd is Third party insurance which is compulsory by motor vehicle act, 1938 which covers lost sustined by others by way of bodily injury/death, property harm due to accident of your vehicle. Third Party losses are measured by court of law. If a person dies due to accident of your vehicle, the liability of compensation is upon the possessor which is transferred on the shoulder of insurance company by way of insurance contract(Policy). In contract of insurance, very first party is insurance company, 2nd party is insured and all other than these two are third parties.
What does your auto insurance cover if you are a pedestrian?
If you are walking down the street and are hit by a car, of course, the majority of the coverage will be from the car that hit you and their liability coverage. You private auto coverage may also have some coverage to help you as well. If you have medical Payments Coverage it will pay from your private policy, also if you have work loss that coverage can come from your individual policy to supplement the other party’s coverage. There may even be some more little coverage that hop in to help out.
Does gap insurance cover a vehicle that’s insured when in accident?
No, you are misstating what GAP coverage is. GAP insurance is a separate type of insurance that you can purchase as part of your finance agreement or on your individual auto insurance. What GAP does is pay the difference in what your insurance company pays and what is actually owed on the finance account for the vehicle. This is especially significant when a vehicle is newer. An auto insurance policy pays either the cost of repair, replacement of the vehicle, or actual cash value of the vehicle at the insurance companies option. If the vehicle is totaled they pay ACV which on a fairly fresh vehicle is less than the purchase price. Purchasing GAP insurance is usually far less expensive when purchased from your insurance company than the finance company.
Which services provides the Mutual Auto Insurance?
No company called Mutual Auto Insurance could be found. However, Liberty Mutual provides auto insurance. They can provide policies for both private and commercial vehicles.
Where can one purchase auto gap insurance?
Auto gap insurance is usually available from any decent motor insurance company. For assistance finding one, one could visit a website such as MoneySupermarket.
What does the liability portion of auto insurance cover?
Caution Laymans Reaction! Basically Liability is to cover harm done to outher people andother peoples property.
Does auto insurance cover loss of earning?
There are many different optional coverages under an automobile policy. A minimum liability policy will pay for loss of earnings if you are the party who is hit by the other driver. In this situation the other party’s insurance policy will be responsible for your losses as far as damages and injuries up to the policy boundaries or actual loss whichever is less. If you have a policy which is liability only and you hit someone or something then no, your policy will not pay for your liability coverage will not pay for your losses or injuries nor that of your passengers. You can purchase optional coverage that will pay for many different situations including work loss. I hope this has helped response your question.
When does auto insurance cover the cost of a lawsuit?
If you are sued in relation to an auto accident, the insurancecompany will pay for your defense as well as the damages up to thelimit of your coverage. The defense costs are in addition to yourdamage limit.
What type of insurance will cover an auto rollover?
Collision coverage pays if you hit something or turn a vehicleover. Hitting an animal is covered through Comprehensive or Otherthan Collision (Difference in terminology only).