What Happens If the Totaled Car Was a Leased Car? If you were leasing your totaled vehicle, your insurance provider sends your lender a payout equal to the car's ACV, minus the deductible. This goes toward the remaining balance on the lease. If the ACV is higher than the amount you ow...
Out of luck again. Shop around to see which insurance company offers you the most favorable rate [source: Cars Direct]. 8: Who will my policy cover to drive my car? This is a question many people overlook. What happens if your 15-year-old, who's learning to drive, has a crash?
Sometimes, fixing the car costs more than it’s worth—this is what they call “totaled.” If that happens, how much money I get back depends on myinsurance coverage details. Keeping good records is crucial here. Photos and notes can make a big difference later if there’s a dispute or...
Both workers comp and car accident insurance companies like to play the game of blaming pre-existing degenerative changes even though someone had no prior pain, no prior limitations, and no prior treatment to the body part at issue. This happens a lot with back injuries such as herniated or ...
There is sort of a theoretical reason for it. You buy your coverage, the car’s value drops, then the car gets totaled. You still owe $18,000 on the car. But the insurance company is only going to pay $15,000. So, you still have another $3,000 that you’re not covered for, ...
insurance company will pay per person or accident and are decided when you purchase your policy. If the accident expenses exceed these limits, you may need to pay the extra costs out of pocket. Factors such as state minimum requirements, coverage availability and cost can influence your policy ...
Both workers comp and car accident insurance companies like to play the game of blaming pre-existing degenerative changes even though someone had no prior pain, no prior limitations, and no prior treatment to the body part at issue. This happens a lot with back injuries such as herniated or ...
Seek out exclusions. For example, if you want to sell your house, ensure you understand rules that allow you to exclude a portion of gains from the house sale. You should be mindful to intentionally meet criteria if you can to plan the timing of the sale and ensure you meet exclusion re...
This situation happens when the vehicle loan is bigger than the actual book value of the car. Here is a simple example to prove this scenario: You have a car worth 20,000 USD (according to blue book). Unfortunately, the owner owns a total of 25,000 USD on car payments. If the ...
Although running over a pothole might be easy to avoid, if this happens to you and your car suffers damage, the odds are in your favor that repairs will be covered. Insurers treat pothole damage as a collision. Again, this type of coverage must be selected in your main car insurance poli...