About Liability Insurance?
My house gets hit by an uninsured driver and my home owners insurance says I enjoy to pay the deductable. Does that make sense?
Answers:
Yes, it make perfect sense. You can sue the uninsured driver for the deductible. (Small claims court is very sudden and cheap.)
Yes.
Any time you file below YOUR insurance, you pay your deductible.
That's for homeowners, auto, health, anything. YOUR deductible, you always pay. They'll try to attain the money back from this clown, but likely they never will.
You will enjoy to pay the deductible. However, you will not have to sue the driver to get better the deductible. Your insurance company will pay you for the claim and will then lug whatever steps are necessary to collect transfer of funds from the uninsured driver for what they paid you and for their deductible--this is called subrogation. If the uninsured driver cannot afford to remuneration the entire balance, they will make costs arrangements and usually the first amount they collect will be forwarded to you to reimburse your deductible. If the uninsured motorist does not cooperate, they will sue him/her and proceed to file notice to the Department of Motor Vehicles so that his/her license can be suspended and it will not be reinstated until he/she make a satisfactory payment arrangement next to the insurance company and files evidence of financial responsibility (a special type of insurance).
I hope this helps. Good Luck! Source(s): Certified Insurance Counselor, Licensed Insurance Agent & Broker for over 29 years.
http://auto888insurance.blogspot.com/2009/06/why-i-need-to-insure-for-my-car.html
Related Questions:
Answers:
Yes, it make perfect sense. You can sue the uninsured driver for the deductible. (Small claims court is very sudden and cheap.)
Yes.
Any time you file below YOUR insurance, you pay your deductible.
That's for homeowners, auto, health, anything. YOUR deductible, you always pay. They'll try to attain the money back from this clown, but likely they never will.
You will enjoy to pay the deductible. However, you will not have to sue the driver to get better the deductible. Your insurance company will pay you for the claim and will then lug whatever steps are necessary to collect transfer of funds from the uninsured driver for what they paid you and for their deductible--this is called subrogation. If the uninsured driver cannot afford to remuneration the entire balance, they will make costs arrangements and usually the first amount they collect will be forwarded to you to reimburse your deductible. If the uninsured motorist does not cooperate, they will sue him/her and proceed to file notice to the Department of Motor Vehicles so that his/her license can be suspended and it will not be reinstated until he/she make a satisfactory payment arrangement next to the insurance company and files evidence of financial responsibility (a special type of insurance).
I hope this helps. Good Luck! Source(s): Certified Insurance Counselor, Licensed Insurance Agent & Broker for over 29 years.
http://auto888insurance.blogspot.com/2009/06/why-i-need-to-insure-for-my-car.html
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