Many times the insurance company will settle their total loss for substantially less simply to put pressure on the unsuspecting consumer. Unfortunately,this is not uncommon!Many consumers are in the same position you are in when they deal with insurance companies regarding:fault,total loss,bodily in...
The nationwide surge in used vehicle prices has given an unexpected boost to auto insurance customers who experience a total loss—their vehicles might be worth more than they thought. This phenomenon of higher replacement values, combined with advancements in straight-through-processing (STP), has ...
It’s important to note that the insurance payout for a total loss or theft is typically based on the actual cash value (ACV) of your vehicle, which takes into account factors such as the age, condition, and market value of the car at the time of the incident. It’s essential to re...
Rideshare insurance. Uber and Lyft will cover you while you’re carrying passengers or on the way to pick them up, but not while you’re waiting for ride requests.Rideshare coveragefills the gap. Auto replacement cost. If your car is declared a total loss when it’s two years old or le...
We are flipping the bill for at least $100k of a $400k in home rebuilding now because they don’t want to total loss it even though their own contracted Forensic engineer said it needed to be torn down in his report. We had to force them to get an engineer to tell the adjuster he...
Violations increasingly predict loss In 2019, 42% of accidents involved drivers who had traffic violations within the prior three years. In 2022, that number jumped to 51%— meaning the predictive power of using prior violation history to project future auto insurance losses has increased during th...
Insurance and Finance Writer Reviewed byJeff Root Licensed Insurance Agent If you’re new to car insurance, choosing a policy may feel overwhelming. Because there are so many different options regarding types ofauto insurancecoverage, you may wonder which coverage is best for you. What does car ...
Comments on the ruling of the Ontario Court of Appeal on total loss salvage cases in 2005. Overview of the case David Polowin Real Estate v. Dominion of Canada; Importance of the ruling of the Court to the insurance industry in Canada; Implications of the position of the Court for the ...
This means you agree to pay the first $500, and the insurance company pays the remaining damages up to the value of the vehicle. This coverage applies to minor repairs and also damages so significant that the vehicle is declared a total loss. A vehicle is a total loss when it costs ...
Rideshare insurance:If you drive for a company like Uber or Lyft, this option ensures you have coverage at all times. Most other companies offergap insurancecoverage for when your vehicle is declared a total loss in an accident, but State Farm doesn’t. ...