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An auto insurance claim is essentially your way of notifying your insurance provider that you’ll need to use your policy to cover expenses after your car is damaged in a covered incident. The ...
A car insurance premium is money you pay to your insurance company in exchange for a policy. Car insurance premiums generally follow the same principles across carriers but may vary in how often ...
Some states and insurers use this type of insurance to pay for costs following a hit-and-run insurance claim. Exactly how this coverage may be used, however, can vary from state to state and from ...
The insurance company will not pay more than $25,000 for property damage in repairs to the vehicle that the insured one hit. In the state of Indiana, the minimum liability limits are $25,000/$50,000/$10,000, [ 7 ] so there is a greater property damage exposure for only carrying the minimum limits.
The insurance company will ordinarily pay the judgment, up to the policy limits, once a court determines that an uninsured motorist was at fault. Some states' laws also allow additional insurance coverage to the insured policyholder through policy stacking provisions, whereby a claim may be made against multiple uninsured motorist policies.
The process is designed to help get motorists back in their own vehicles swiftly after a collision, using a repairer of their choice. The innocent driver is not usually required to pay any fees, or their insurance excess. UK credit repair turnover in 2008 was estimated at £300 million according to the Accident Management Association.
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