If you have collision coverage, your insurance company will pay to repair your car, regardless of who caused the accident. In other words, collision coverage is a no-fault coverage. However, …
Collision Damage Insurance – This covers expenses when you are in an accident, whether it is with another vehicle, an object, road issues, etc. You will be covered whether or not you are at …
Liability in car accidents is always based on negligence (i.e., fault) unless you are in a no-fault state, in which case there are some limited exc...
Regardless of whether your accident occurred in a no-fault state or a traditional fault-based state, the responsible insurance company will only pa...
An insurer is only required to pay damages up to the value of your car. If your repair costs exceed the value of your car, the insurer will often d...
Collision coverage ensures that you will be reimbursed for your vehicle damage if the other driver did not have enough insurance, or if you were at...
Comprehensive coverage is for vehicle damage that occurs when a car is parked at the time of the accident. Comprehensive coverage covers both car a...
If you caused your own vehicle’s damages -- by driving off the road or running into a tree or fence, for example -- you would either have to pay fo...
Regardless of whose insurance company is responsible for paying your repair costs, the first thing that you have to do is make a claim by reporting...
If you don’t like the insurer’s final numbers, then the only choice that you have left is to either accept it or file suit. If you find yourself in...
If you have collision coverage, your insurance company will pay to repair your car, regardless of who caused the accident. In other words, collision coverage is a no-fault coverage. However, there is a certain portion of the cost -- called the "deductible" -- that your company won't pay. You have to pay that.
If you caused the accident and don't have collision coverage on your car, you'll end up having to pay out of pocket. Now that you know who pays for damage to a car after an accident, learn about How Much is Paid for Vehicle Damage after an accident.
If Another Driver Caused the Accident. If another driver caused your accident, he or she is responsible for paying to have your car repaired. In most cases, of course, the other driver has insurance that will pay. If he or she doesn't have insurance, you can have your insurance company pay to repair your car damage -- if you have collision coverage ...
Liability insurance covers damages that a driver is legally liable for. In car accident insurance lingo, property damage mainly means damage to your car. Therefore, your claim to have your car damage repaired will be against the other driver's "property damage liability insurance.". Almost every state has a law requiring drivers to have liability ...
You can have either insurance company pay to repair your car damage.
If You Caused the Accident. Even if you caused the accident, your insurance company will pay to repair your car -- again, if you have collision coverage. Remember that collision coverage is no-fault. But you will be out the deductible.
Remember that collision coverage is no-fault. But you will be out the deductible. If you caused the accident and don't have collision coverage on your car, you'll end up having to pay out of pocket. Now that you know who pays for damage to a car after an accident, learn about How Much is Paid for Vehicle Damage after an accident.
Collision coverage ensures that you will be reimbursed for your vehicle damage if the other driver did not have enough insurance, or if you were at fault for the accident. If the other driver was at fault and had enough insurance coverage, you would not make a claim against your own insurance policy's collision coverage.
If the other driver was at fault for your car accident, you probably have the option of filing a claim with the other driver's insurance company (assuming they have liability property damage or other relevant coverage) in order to get your car repaired or replaced. This is known as a "third party" insurance claim.
Here's how to get your car fixed and back on the road after an accident, or get payment for its value. 1 the extent of the damage in relation the vehicle's value 2 who was at fault for the crash, and 3 available insurance coverage.
An insurer is only required to pay damages up to the value of your vehicle. If you've received a repair estimate or two and it looks like repair costs will exceed the value of your car, the insurer will often declare it a total loss, pay you the fair market value (also known as " actual cash value "), and take possession of your car.
Comprehensive coverage is for vehicle damage that occurs when a car is parked at the time of the accident. Comprehensive coverage can apply if a vehicle hits your parked car, or with miscellaneous damage like a tree falling on it. As with collision coverage, if the driver that hit you had enough insurance coverage, you would not make a claim against your own insurance policy's comprehensive coverage. You don't generally need to worry about proving fault if your car was parked. It is generally assumed that, if someone hits a parked car, that driver was at fault.
Regardless of whose insurance company is responsible for paying your repair costs, the first thing that you have to do is make a claim by reporting the accident. The next thing that will usually happen is that the insurer will have your car inspected. If the car is drivable, you may be asked ...
If the car is drivable, you may be asked to bring it to the insurer's drive-through inspection ...
collision coverage. covers the cost of repairing your car in an accident that is your fault. Carries a deductible. comprehensive coverage. insurance that pays for damage to your car caused by something other than a collision. It includes damage from storms, vandalism, and theft. deductible.
Bodily injury liability. insurance that protects you against financial loss, including the cost of your legal defense, when you are legally responsible for injuring other people in an automobile accident. collision coverage. covers the cost of repairing your car in an accident that is your fault. Carries a deductible.
renter's insurance. provides liability, property not the structure covered in losses. replacement value. the cost to replace property lost/stolen/damaged. rider. special addition to an insurance policy that covers a specific loss not covered in the standard insurance policy. uninsured/underinsured coverage.
Claim. formal request made to an insurance company for payment for a loss. Bodily injury liability. insurance that protects you against financial loss, including the cost of your legal defense, when you are legally responsible for injuring other people in an automobile accident. collision coverage.
uninsured/underinsured coverage. covers your injuries/damage when other's insurance doesn't cover all the costs. policy. an insurance contract detailing coverage's. driver classification. your age, gender and marital status used to determine premium rates. rating territory.
medical payments coverage. covers you and family living with you: no-fa ult insurance. laws adopted in some states that require each person's automobile insurance company to pay for the insured's losses, no matter who caused the accident. points.
covers liability, possessions and the structure of your house. laws adopted in some states that require each person's automobile insurance company to pay for the insured's losses, no matter who caused the accident. may be added to your record with the state motor vehicles; can effect the cost of your insurance.
Commercial health insurance. covers the medical expenses of individuals groups; premiums and benefits vary according to the type of plan offered. Individual health insurance policies. regulated by individual states and include the following: 1. Fee-for-service (or indemnity) insurance (traditional health insurance that covers a portion of services, ...
Tap card to see definition 👆. regulated by individual states and include the following: 1. Fee-for-service (or indemnity) insurance (traditional health insurance that covers a portion of services, such as inpatient hospitalizations or physician office visits, with the patient paying the remaining costs). 2.
Fee-for-service (or indemnity) insurance (traditional health insurance that covers a portion of services, such as inpatient hospitalizations or physician office visits, with the patient paying the remaining costs). 2.
High-risk pools ("last resort" health insurance for individuals who cannot obtain coverage due to a serious medical condition; certain eligibility requirements apply, such as refusal by at least one or two insurance companies) 3. Managed care (e.g., health maintenance organization, preferred provider organization). 4.
Indemnity insurance. compensates policyholders for actual economic losses, up to limiting amounts on insurance policy, and it usually requires the insured to prove losses before payment is made (e.g., automobile insurance). automobile insurance policy.
policy that covers losses to a third party caused by the insured, by an object owned by the insured, or on the premises owned by the insured. Subrogation. process of the third-party payer recovering health care expenses from the liable party. supplemental health plans.
policy that covers losses to a third party caused by the insured, by an object owned by the insured, or on the premises owned by the insured. process of the third-party payer recovering health care expenses from the liable party. covers the deductible and copay or coinsurance of a primary health insurance policy.