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 Posted: Fri Feb 13, 2009 12:46 am Post subject: Will the other persons insurance pay for my truck? |
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| I got into an accident last month and it wasnt my fault. I got hit in the rear end on the driver side. The adjuster with the other persons insurance company came out the other day and said that my truck is a total loss now. Its a 2001 C1500 chevy silverado. I was just wondering will that insurace company pay for my truck since it was his fault. And im still paying for this truck also.Please someone help so ill know what to be looking for when i get all the info when they call. |
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kokopuff18
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amit
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| Posted: Fri Feb 13, 2009 6:28 am Post subject: |
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| Quote: | | I was just wondering will that insurace company pay for my truck since it was his fault. |
I'm not clear about this statement....do you want them to repay the loan on your behalf?? If your car has got 'totaled' the responsible driver's insurer would only pay for the actual cash value of the car, which might or might not meet the entire loan amount. And, you'll be responsible for the rest. Now if you have Gap insurance on the truck. It'd then bridge the gap between the loan amount and claim check. |
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simon
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| Posted: Fri Feb 13, 2009 6:47 am Post subject: |
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| Quote: | | Now if you have Gap insurance on the truck. It'd then bridge the gap between the loan amount and claim check. |
It might not happen that way always. If you have taken the 'gap' policy along with the collision and comprehensive coverage from your insurer, they may restrict its payout only to the collision & comprehensive claims, that is, if its a third party claim you may not receives the benefits from the gap coverage since the claim wasn't filed with the comp&coll coverage.
However, not all policies are the same. Hence, you may need to go through the policy document to find out more. |
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jeorge
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| Posted: Fri Feb 13, 2009 4:22 pm Post subject: |
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| Your bewst bet for a direct answer would be to call your auto insurance agency or your company directly. They will be able to pull your policy and tell you exactly how your policy works. Its better than thinking of all the what-ifs. A quick call could ease your mind. |
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fireyone
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| Posted: Fri Feb 13, 2009 5:24 pm Post subject: |
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hey fireyone, i really appreciate your nature of " up to the point".
That's what any guest is looking for. Isn't that true? 
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amit
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| Posted: Sat Feb 14, 2009 5:49 am Post subject: |
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| Quote: | | And im still paying for this truck also. |
Are you paying out of your pocket or do you have auto insurance to pay?
| Quote: | | I got into an accident last month and it wasnt my fault....I was just wondering will that insurace company pay for my truck since it was his fault. |
And I am wondering, does your state have any statute of limitations on the time by when you should make your auto insurance claim? If not, then maybe you can still file your claim. Talk to your insurance agent (if you have a policy) and let him guide you best with the claim.
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sil
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| Posted: Sat Mar 31, 2012 4:01 am Post subject: NIvrPiNjcWyIPHjGWpA |
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Maybe, maybe not. Your auto liability, tuohgh, will NOT pay for damage you do to your house. See, that liability coverage really is damage to property of OTHERS . It doesn't cover damage to property that is YOURS. So. The auto policy won't pay, for sure. And some homeowners policies ALSO exclude damage done to the building, by a car owned by or operated by a household member or the insured.You'll have to ask your agent, or read your policy.
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Paty
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