Which insurance pays for my motor overexploit?
I got rear finished this month and my car insurance [Wawanesa] called the guy's insurance [Kemper] and said that they hold full liability for my car repairs.
My question is, if I hit someone's coup¨¦, my insurance pays for them and vice versa, right?
Or is it their insurance pays for everthing and my insurance pays them back?
Answers:
Depens if you're in a tort-state or a no-fault state.
In no-fault, your insurance repairs your vehicle.
If you are not at failing for the accident, then the other delivery service would pay for your damages if they accept liability. If you do this, your holder would not pay anything
However, you also have the picking of going thru your own company, if you have collision coverage. Should you chose to do this, your company would subrogate the other carrier to find their money (and your deductible) back.
Ok, now if you ARE at error for an accident, your carrier would discharge for your damages (again only if you have collision coverage) as capably as the damages you caused.
If you are at fault, you would not be collecting anything from any other company.
Hope this help Source(s): Claims 6 yrs
It depends. If you rear-end somebody, the other party have two options. They can go against their own Collision Coverage, and their insurance company will subrogate for what they salaried out and the person's deductible, assuming it was not waived.
The alternative would be, you can database a direct third party claim against the at-fault driver. They will pay for the damages to your vehicle. Other than reporting the claim to your insurance company as "annals only", they do not have to be involved. The benefit is you do not have to reward a deductible. You are also entitled to rental, towing etc.
Some problems you may run into if you file a direct third party claim are: in that could be a delay in man reimbursed, since their insurer needs to confirm the details of the accident beside their own insured and complete a full liabiltiy investigation. Sometimes, if their insured fails to cooperate, this could take reasonably awhile.
Also, you will not necessarily receive 100% of your damages if you are found partially liable for the accident. In some states even if you are just 1% liable you will be barred from recovery.
Edit - No-Fault usually refers to injury claims. Most No-Fault states require Personal Injury Protection coverage(PIP). This coverage pays a percentage of your medical and wages(varies from state to state)regardless of fault. Hence, No-Fault. To pursue a Pain and Suffering claim, a person requirements to meet a tort threshold which also varies from state to state. Source(s): Claims - 21 years.
You didn't say where you live and whether you live surrounded by a "no fault" state.
IF you live in a "no fault" state your insurance will cover your damages and his will cover his.
IF you don't live in a "no fault" state your insurance will probably pay envelope for your damages (less your deductible) and then seek repayment from his insurance company, and later return your deductible once they pay.
if it is your fault and you have liablilty.....
your insurance co pays for the other motor and person involved
you will not get anything for your damages
if it is your fauly and you own full coverage........
your insurance co will cover you then get
your insurance will also cover the other sports car.
Hello,
Talk with your insurance company and find out exactly what your coverage is. Your agent should explain your policy to you.
good luck
j z
Related Questions:
My question is, if I hit someone's coup¨¦, my insurance pays for them and vice versa, right?
Or is it their insurance pays for everthing and my insurance pays them back?
Answers:
Depens if you're in a tort-state or a no-fault state.
In no-fault, your insurance repairs your vehicle.
If you are not at failing for the accident, then the other delivery service would pay for your damages if they accept liability. If you do this, your holder would not pay anything
However, you also have the picking of going thru your own company, if you have collision coverage. Should you chose to do this, your company would subrogate the other carrier to find their money (and your deductible) back.
Ok, now if you ARE at error for an accident, your carrier would discharge for your damages (again only if you have collision coverage) as capably as the damages you caused.
If you are at fault, you would not be collecting anything from any other company.
Hope this help Source(s): Claims 6 yrs
It depends. If you rear-end somebody, the other party have two options. They can go against their own Collision Coverage, and their insurance company will subrogate for what they salaried out and the person's deductible, assuming it was not waived.
The alternative would be, you can database a direct third party claim against the at-fault driver. They will pay for the damages to your vehicle. Other than reporting the claim to your insurance company as "annals only", they do not have to be involved. The benefit is you do not have to reward a deductible. You are also entitled to rental, towing etc.
Some problems you may run into if you file a direct third party claim are: in that could be a delay in man reimbursed, since their insurer needs to confirm the details of the accident beside their own insured and complete a full liabiltiy investigation. Sometimes, if their insured fails to cooperate, this could take reasonably awhile.
Also, you will not necessarily receive 100% of your damages if you are found partially liable for the accident. In some states even if you are just 1% liable you will be barred from recovery.
Edit - No-Fault usually refers to injury claims. Most No-Fault states require Personal Injury Protection coverage(PIP). This coverage pays a percentage of your medical and wages(varies from state to state)regardless of fault. Hence, No-Fault. To pursue a Pain and Suffering claim, a person requirements to meet a tort threshold which also varies from state to state. Source(s): Claims - 21 years.
You didn't say where you live and whether you live surrounded by a "no fault" state.
IF you live in a "no fault" state your insurance will cover your damages and his will cover his.
IF you don't live in a "no fault" state your insurance will probably pay envelope for your damages (less your deductible) and then seek repayment from his insurance company, and later return your deductible once they pay.
if it is your fault and you have liablilty.....
your insurance co pays for the other motor and person involved
you will not get anything for your damages
if it is your fauly and you own full coverage........
your insurance co will cover you then get
your insurance will also cover the other sports car.
Hello,
Talk with your insurance company and find out exactly what your coverage is. Your agent should explain your policy to you.
good luck
j z
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