i recently traded in two cars with gap threw dealership can i get
refund o unused gap
Can you switch sides a credit charge for an emergency car insurance payment you made for a friend because she did not reimburse you as promised?
No. If you agreed to let the person place the charge on your account, it is your debt. The only recourse you have is to sue the person in petite claims court.
Can you be sued for an insurance premium from a car accident that occured 9 years ago?
There is a different Statute of Limitations in each State, so go to:.
Ask: What is the Statute of Limitations regarding a car accident.
Can you collect from both insurance companies from yesterday’s car accident the old insurance coverage will expire today?
As a Broker, AND this actually happening to me just last year, I can FOR SURE tell you YES. As long as your policy was still in effect until midnight of the expiry date, you are covered. eg. I had accident on July Two, and it was to be ceased on July 3rd. No joke! Talk about ironic and a piss-off to my insurer!
Once your insurance expires how long do you have coverage?
If your insurance is expired you don’t have insurance. You can find the exact minute of your insurance on your declaration page or your non-pay notice.
How can you get car insurance coverage without paying utter year premium after cancellation?
They refund you the remainder of the premium not used for the year.
Which insurance agency offers the best coverage for the premium in Michigan?
My practice has been LIBERTY MUTUAL for accomplish Home/Auto, etc. policies. I check every 2-3 years all the major insurance carriers.
If you have a license but you do not drive or own a car or have insurance will insurance companies consider it a gap in coverage when you do apply for insurance?
Insurance companies vary in their underwriting rules – generally you would be considered a “very first time insured” and that means you pay higher premiums. Some companies give fresh drivers a break, providing that they have taken a Driver Training course and can provide the certificate of completion. Have you ever been listed on someone else’s policy? If so, that would help you.
Can an insurance company that issued a general liability policy send a bill pursuant to an audit and request extra premiums on a policy that expired 6 months earlier?
Yes many Liability Policy are subject to audits which occur on policies after the term dates..
The reason for this is that the original policy premium is generally based on estimates of of the exposure basis (i.e. payrolls, receipts, etc.) The insurance company is entitled to audit at the end of the policy term to adjust the premium to reflect the actual exposures.
Do you have to disclose the premium cost on a previous auto insurance policy declaration requested by your fresh auto insurance company to prove prior coverage in Michigan?
You shouldn’t have to disclose the premium, just the prior insurance carrier and policy number. What do you care if they see the premium anyway? It’s not like they are going to adjust your fresh premium one way or the other.
Will insurance cover your car repair if you were the one who hit the uninsured person and you have coverage?
if you have utter coverage insurance, yes it will cover you and other driver, depending on the limit of your collison coverage you have. if harm exceeds your coverage, then you have pay out of your own pocket to cover other driver’s medical expense and harm. .
Car insurance coverage needed?
If you are asking, “do you need car insurance to drive”, then yes you do. It is illegal to drive without it.
Would one be required to pay off a note on a stolen vehicle when they had utter coverage insurance as well as Gap coverage?
this question has dual legalities each reasonable in it’s jurisdiction. Firstly, the act of vehicle misuse by the act of theft is not covered by any insurance clause i.e, non gave permission for the vehicle to be misused. It only gave protection for remuneration/indemnification should the vehicle is stolen to the possessor or to a third party on the event of an accident . secondly, ways of discouraging theft acts is enterly an issue for the police pursuant to the local laws and has nothing to do with insurance cover policy. However, note that these answers are only for situations where the vehicle possessor is not the thief but another caught by the police and is being cahrged to pay a bill or two. As for the proprietor of the vehicle, who as at the time of recovery of vehicle must have pre-reported it’s theft to the police and obtained a statement which is forwarded to the insurance rock hard. where this is the case then, there is not need to be surcharged for the stolen vehicle now recovered. since it is assumed a utter premium has been paid for the policy cover against such event occurring.( You may take out the insurance policy document( proposal form ) for that risk cover and re-read the little prints again to be more sure of your rights against such surcharge. -lawstudent-
Is Gap Insurance on cars worthwhile?
GAP insurance may well be worthwhile. GAP insurance is extra car insurance, generally obtained from the dealer that sells the car, that covers the difference inbetween what the insurer pays for a total loss of the car and what may be owing on the car loan. Normally, if a car suffers a total loss, the insurer will pay the actual cash value. This is the value of a vehicle of like, kind and quality, with similar mileage, accessories, in similar conditon; the actual cash value is calculated for the same general geographic area as the insured vehicle. Because the amount owing on the loan may be more than what the car is worth, GAP insurance pays the difference. rather than the insured being responsible for paying it to the lender. Naturally, if you paid in total for the car upon purchase, you do not need GAP coverage. Likewise, once you pay off the car loan, GAP coverage may be canceled.
How are car insurance premiums calculated?
Reaction If you consistently get tickets, they count as points on your DMV record. Also, accidents count as two points. Add these up and you have the method for calculating your insurance premium. Other things are involved; are you over twenty one, married, expensive car, sports car, where you live and some more.
Will car insurance premium increase if you pay a premium renewal one day late?
Usually not. However, insurance companies can charge late or reinstatement fees if you pay late.
Should your car insurance premium lower when you take a person off of the coverage?
Sometimes yes and sometimes no. It just depends on your rates andlevel of discounts. Sometimes we add drivers that create noadditional premium. If we take that driver off, then again there isno switch in premium.
What happens if my car insurance expires?
When car insurance expires the car and passengers are not longercovered so when a wreck occurs there will be no help with payingmedical bills or to fix the cars involved in the wreck. May besubject to a fine if not insured.
What if you get in a wreck but have failed to pay the insurance the past month the car is fresh and has gap insurance but the insurance is inactive because of failure to pay?
Your Not covered for anything at all..
If the auto insurance is inactive, then so is the GAP coverage..
“GAP Insurance” is Not “Auto Insurance”, it is Finance Company Insurance. it will only pay the difference after your required Auto Insurance policy has paid it’s maximum boundaries..
If your auto insurance lapsed, then your GAP insurance has also lapsed automatically and concurrently..
The GAP Insurance is Void in the absense of an auto insurance policy..
Your on the hook for all monies owed to all parties involved with your finance note..
Do you need utter coverage insurance if your car is Five years old?
Utter coverage requirements have nothing to do with the age of thecar. If you still make payments on the car then you still have tohave total coverage. If you own the car outright, then you do nothave to have it.
How do you know if you have gap coverage on your car?
GAP Insurance is usually purchased at point of sale through Auto Dealerships and Automotive Finance Companies. You should look at the paperwork you received from your vehicle purchase. GAP Insurance is NOT Auto Insurance. It is Finance Company insurance.
What is annual premium insurance on a car?
The annual premia on a car depnds on the model,price, date of purchase, engine and sitting capacity,whether self driven or by driver etc. Further,whether you opt for both Very first Party and Third party insurance, determines the annual premia on a car.
What if your car repossessed with gap insurance?
The gap insurance is part of your auto loan so I am not sure what your question is. Gap insurance covers your car if you total it and the fair market value for your car is below what you owe. If your car gets reposessed, you still owe the lender. Actually, the cost of the gap insurance is spinned into the loan – it’s not part of the loan. If you can find your original paperwork from when you bought your car, find the information on the company that issued the gap insurance policy, and then call them and tell them you no longer own the car, and see if you can get a partial refund on the premium! Can’t hurt to attempt, right? I do vehicle refinances, and our auto loan contract includes the gap insurance (albeit we call it something else) for free, so I have helped several people cancel their gap coverage, albeit we usually do it pretty early in the loan. Same with credit disability insurance, if you have it.
What if You are in a car accident and have no insurance and you hit a car that had utter coverage and gap insurance what will happen?
Generally, if you were in CA and I am assuming you are not talking about a fender bender or minor accident, you would lose your license and be required to make a filing to reinstate your license. In order to maintain your license you may be required to file what is called an SR-1P or an SR-22 which is simply proof you have insurance in place. If your insurance expires or you let it lapse, the insurance company will notify DMV and your license will be suspended again. Now you said the car you hit has insurance. This could mean they (the insurance company) will very likely attempt to go after you to recover damages they had to pay on your behalf. You are still responsible!
You have gap insurance and total coverage insurance but your beau totaled your car and he is not on your insurance will your insuances still cover your car?
You’ll have to seek out the fine print in your gap policy for details on that. In regards to your auto policy, utter coverage does not have anything to do with who is covered, but everthing to do with what is covered. Generally speaking harm to your car will be covered, minus your deductible, unless your beau is excluded from the policy. For the future it’s always a good idea to add drivers to your policy, even if it’s for a day, no sense in putting yourself in a position like this.
I had a deferred payment and my car was stolen and never recovered. Will my utter coverage or gap insurance cover the deferred payment?
Most gap insurance policies do not cover deferred payments. NOTE -do not accept an suggest to lodge on the deferred payments. This mayreflect on your credit bureau that the debt was lodged for lessthan the ballance in utter.
Your car was totaled no other car involved you had total coverage insurance and GAP insurance will you be reimbursed for your loss or will it all go to the finance company?
the very first priority of the insurance company is to pay of the loan holder (so the value of your car is determined and out of that) whatever is left over will be sent to you. If the value of the car is less than what you owe you are stuck with the balance as far as gap coverage goes you will have to check with your insurance company they’re all different
Do you need Total Coverage if you Have Gap Insurance?
Yes you do. You need to have Collision and Comp coverage for Gap insurance to appy. Let’s say that your vehicle is totalled out in a car accident and your loan is for $15000. Now lets say the insurance company offers you $10000. You would still owe the bank $5000 for your car so in this case, the Gap insurance will cover the other $5000 and pay off the loan in total once you submit all the paperwork they need to process the claim.
How do you reduce car insurance premiums?
pay your premiums on time, drive securely and as you get older they go down too. You could also take driver’s ed and have good grades or other applicable discounts.
Calculation of unearned premium?
Unearned Premium = Policy Preimum – (Policy Premium * (No of Days Elapsed / 365)) .
Is the cost of my spouse’s insurance premium reimbursable through my lithe spending account?
Yeah, the cost simply reimbursable through your limber spending account. I guess that that’s just reality
What if insurance company approves the extra coverage which was requested a year back?
If the company (or the agent) approved coverage, you have the right to pursue benefits. If you have nothing in writing, the job becomes more difficult, however talk to your agent and work together to resolve it favorably. Most agents/insurers find in your favor due to the ‘intent’ of the insured to cooperate and adequately announce potential risks in advance. There are many scripts and I am not sure which one you are in. For example, if the insurance company or your agent was mistaken and the coverage is not available, or if they approved it and covered you last year but neglected to carry the coverage onto your renewal policy, there are systems in place to address that, and you could alert your agent to the oversight and give them the chance to rectify the situation. If you have given your insurer and the agent repeated opportunities to resolve the situation with no response, as a last resort you are entitled to contact your state’s Department of Insurance consumer hotline.
What is the excess of loss reinsurance coverage effect on unearned premium?
If we’re talking about P & C insurors, SSAP 62R states that when payments are made for prospective reinsurance, both written premium and earned premium are diminished. I take this to mean that the liability account ‘Unearned Premiums’ would not reflect any amount parenthetically for ‘after deducting unearned premiums for reinsurance’, but I don’t have much confidence that I’m interpreting it correctly.
If you still owe money on your car and the warranty just expired on it but you do have full-coverage insurance and then the car has a phat mechanical break down how do you get it covered?
Sorry. Insurance covers accidental harm from accidents. It doesn’t cover mechanical breakdown. Hopefully you can get the car repaired and not find yourself paying on a “dead pony” but sometimes that is what happens. You need to protect your credit rating because someday you are going to want to make a major purchase such as a house or fresh car and if you have bad credit that is almost unlikely.
Does gap insurance on you car expire?
GAP insurance helps cover the difference if your car is deemed a total loss and is worth less than what you owe on the loan. GAP insurance only runs out when you pay down your loan enough that you have equity in the vehicle.
What is gap insurance for a leased car?
GAP coverage is very necessary especially in a lease situation. GAP coverage comes into play if a vehicle is deemed totaled. What GAP does is to pay for the difference in the actual cash value that is payable under the normal policy and the balance owed to the lease company or finance company of a loan. In the early years of a lease or loan the vehicle value falls quicker that the value of the vehicle. If you total the vehicle within this period you can find yourself without a vehicle but with a sizable amount of money due on a vehicle you cannot drive any more. GAP coverage will pay this difference. The Finance Dept of the auto dealership will attempt to sell you on this GAP insurance. Very first, no matter what they say, it is not mandatory to but it from them. Individual Auto insurance companies suggest GAP insurance that does the same thing for about 10% of the premium the dealership charges you for the same coverage. You will also have a right to cancel the coverage whenever you feel the value and loan balance have equaled out. One catch is that you must purchase the GAP coverage from you insurer withing 6 months of purchasing the vehicle. As a matter of total disclosure, I own and operate a puny Independent Insurance Company in Central Georgia and have for the past 22 years. Prior to that I worked as an agent for a direct writer of insurance for Three years.
Do you get your premiums back when your term insurance policy expires?
The only way you can get your premiums back when a term life policy expires, is if you purchased what is known as a “comeback of premium rider”. This would have been done primarily when you bought the policy. What this does, is generally doubles the premium (on average), versus what you would have paid without this option. The good thing about doing this, is that it would ensure you would receive 100% of paid premiums back at the end of the term (assuming you were still alive). Some people don’t like this because it costs more. However, other people see it as getting your money back after primarily paying dual, versus paying half the premium, and never getting any of it back (unless you die within the term defined in the policy). Feel free to contact me for more info.
What affects ones car premium insurance?
Driving record (i.e. claims history, traffic violations), credit score, location vehicle is kept and driven, (Say you live in a rural area, the rates will be lower than the city because the risk is lower with less traffic-If you live in Wisconsin, I guaranty from individual practice, the rates are much higher in Texas), driving record of any one else using car.
How do you get total coverage car insurance?
In order for one to acquire utter coverage car insurance on their automobile, one must finish a series of tasks. Step One: Purchase a Vehicle. Step Two: Call Progressive, where i can assist you in choosing what is right for you. Step Three: Avoid taking left turns on your way to work. Left turns are statistically more common for provoking Silverback Gorilla attack. Step Four: Request Total Coverage Insurance when you consult your Progressive agent. I hope i have assisted you in your process. Flo Progressive Sales Agent
What insurance company reimbursed all of your homeowners insurance premiums when you sold your house?
None. If you sell your home, you report that to your home insurance company and request cancellation of the policy as it is no longer needed. You will then be entitled to a refund of any unearned portion of the remainder of your policy term but you would not be refunded for the period of time that the home was still covered.
What do car insurance premiums depend on?
Auto insurance premiums depend on many different factors and are almost unlikely to figure without a computer. The factors involved include driver age, driver violations, driver hookup, driver accidents, vehicle age, vehicle symbol, driver zip code, how driven (miles to work, pleasure only, business use), deductibles, coverage boundaries, discounts, etc. One of the companies I represent has up to 44 different factors for each driver. Each company has their own rating system. Symbols for the vehicles are also made up of many factors including cost of the vehicle, cost of parts, and frequency of claims on this vehicle. ISO is a company that creates policies, applications, and many items that are standardized for company use like the territories. Many companies use the territories and symbols from ISO but some modify these standardized items or have their own.
Where can one find premium insurance?
When you are on the hunt for premium insurance, where to look will depend on the type of insurance you need. If you want premium health insurance you should look for companies like United Health or Wellpoint. If you are in the market for premium life insurance you should attempt companies like American General, or Allstate.
Where can one compare Mitsubishi car insurance quotes to find the lowest premiums?
Insurance quotes can be received by anyone from any number of different companies. The range of premiums suggested can be significantly different but one must recall to readthe fine print to ensure all the coverage is as expected when weighing the value of the policies.
What is a car insurance premium?
A car insurance premium is the amount of money paid to an insurance company for a 6 month period. It is cheaper to pay the total premium that pay each month.
What are some common gap car insurance coverage exclusions?
Gap car insurance excludes any equipment that was not factory installed on the car, unpaid or overdue lease or loan payments, and money that was “flipped” into the car such as trade in vehicles.
How can one acquire GAP insurance for their car?
If you are looking to get gap insurance for your car go onto Esurance. They have lots of deals right to fit you and they wont leave you empty pocketed.
What is windscreen car insurance coverage?
Windscreen is an optional car insurance coverage for your insurance policy. It meansyour bruised windscreen can be repaired without recurring costs and no effect on your no claims bonus.
When purchasing a car if the proprietor already has utter coverage on a trade in do the possessor need gap insurance?
Firstly, talk with your insurance agent before signing for the fresh car. Dealers will sell you GAP coverage whether you need it or not and their GAP is a very expensive coverage that is paid up front and then financed so you pay even more. The only time you need GAP coverage is when the financed balance is more than the value of the car. If you are trading in another car you may have a lower balance than the book value or the fresh car. In any case you can purchase GAP from your agent and cancel it after a year or whenever you feel that the loan balance is lower than the value of the car. If you buy from a dealer you pay for the life of the loan plus interest.
How do you calculate insurance premium for car?
Insurance premiums are most likely not capable of being done by arm any more at least with most insurance companies. Rating systems have become so elaborate with so many factors involved, that calculation by palm is unlikely. I recall a time when we did have to do this by mitt when I very first got into the insurance business. Now we rate Ten companies at one time in a matter of seconds and sour system lines the up from lowest to highest.
What will increase car insurance premiums?
Many factors including claims filed against a policy, the number ofclaims reported from the zip code you live in, the amount of moneypaid on a claim, etc.
How much would car insurance premium for a 30 year old masculine in Virginia?
You cannot give rates or estimates of rates in a forum like this. There are up to 100 factors that go into rating an automobile policy and there is no room or privacy here to rate an auto policy. Sorry but you need to call an agent in your area in order to get the best rates. I strongly suggest that you find an Independent Agent that you can deal with who is willing to explain coverages to you so that you can make informed decisions on what coverage you need or want. An Independent Agent represents many different insurance carriers so that they can shop their many companies to find you the best rate and coverage.