Auto Insurance Questions Archive for September, 2009

• How does an auto insurance company decide the amount of coverage for pain and suffering settlement?

  They pay as little as possible for this. So endeavour to request for a large amount of money when filing for an insurance claim to cover your need. The only time that they will feel mandated to pay much is if the damage is described as “severe”. September 2, 2009

• Who is liable to cover for the damage in a case of an accident while working for my company?

  If you are injured while working for a company, it will be the company’s workman insurance that will cover for the damage. September 2, 2009

• Will I be covered for old parts on the car?

  The insurance companies call this ‘wear and tear’. They are not liable to repair a car if there is no case of accident. September 2, 2009

• How much will I be paid if the car is completely damaged?

  The insurance company will be obliged to pay you the fair market value for the car after investigation of the cost by both parties. September 2, 2009

• Who is to blame for an auto accident?

  This can come in various forms depending on the point-of-impact. The point of impact can be by the car’s sides, rear or front, but what really matters most is who was negligent enough to cause the accident. September 2, 2009

• Will my Auto Insurance cover if I have an accident with someone else’s car?

  Your personal auto insurance will not pay for the damage if the car in question has its own insurance. However in a case that the car lacks or is inadequate in insurance, yours will serve as the primary source for payment of damage. September 2, 2009

• What makes insurance policies legal and binding?

  Car insurance among other type of insurance policies has different legal implications. It is bound to mutual bonds and as well as on the punitive side of justice. It is a mutual bond since it is a contract that the insurance company or the “insurer” and the policy holder or the “insured” mutually signed. The legal implication of an insurance … (more) September 1, 2009