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 Posted: Tue Apr 11, 2006 7:05 am Post subject: Auto insurance lapses in North Carolina |
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Hi,
Today I'd like to share something about NC coverage lapses.
Insurance coverage lapses could have serious consequences in NC. Service providers are required to notify it to the DMV whenever your coverage is cancelled. All you need to do is to obtain form FS 5-7 from your DMV & communicate with them by 10 days. In case it has lapsed in between you'd need to pay $50 by 10 days from when the notice is served.
In case it was continuous then you don't need to pay $50 but return the form to DMV fully filled by 10 days. Remember that when you face such circumstances!
Roddick |
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roddick
Senior member
Joined: 05 Oct 2005
Posts: 962
143.16 Dollars($)
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| Posted: Wed Feb 21, 2007 10:22 pm Post subject: auto depreciation value |
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Who does North Carolina recognize as correct information when receiving information on the value of your vehicle for depreciation value on a vehicle insurance claim.The Kelley Blue book or NADA Guide. 
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coop64
Guest
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| Posted: Thu Feb 22, 2007 5:10 am Post subject: |
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Hi In my opinion, the NC dept. of insurance would use the National Dealers Association manual. But if you're talking about usefulness...then I'm sure the Kelly Blue Book has proven its worth for over 15 years as an Used-Car Guide. Now the choice is yours!
Sasha T. |
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sasha
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Joined: 27 Mar 2006
Posts: 211
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| Posted: Thu Feb 22, 2007 5:49 am Post subject: |
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Hi! Kelly has been of great help to me at one time! You'll find updated pvt party values as well as retail prices for more than 10000 used vehicle models. Even if you intend to buy, sell or do business with an used car this is certainly the best guide available in the market for you.
All the best,
Fatman. |
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fatman
Moderator
Joined: 04 Oct 2005
Posts: 578
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| Posted: Thu Feb 22, 2007 6:54 am Post subject: |
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Hi there...lemme tell you that NADA is helpful when you've met with a damage done to your vehicle. Once you've got a settlement offer from your insurer after your car got totalled, its time for you to move out of the rental. In order to evaluate their offer you may always get help from the NADA website (nada.com).
Hope it helps a bit, ArindamSenIndies |
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ArindamSenIndies
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Joined: 14 Feb 2007
Posts: 364
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