vehicle totalled two monmths ago and still making payments a

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PostPosted: Wed Mar 02, 2011 5:29 pm   Post subject: vehicle totalled two monmths ago and still making payments a  

We had our trailblazer stolen,burned and drove off cliff two months ago.Are we required to keep making payments?The insurance company has the vehicle.And does oregon law require that we are provided with rental car until we settle? we were told rental car was not part of our coverage but how can they take there time and leave me without vehicle when I have paid them money every month?It has been two months

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PostPosted: Fri Mar 04, 2011 5:03 pm   Post subject:   

Sorry about your situation.

Oregon law does not state that your insurer is required to provide you with a rental car. If you had rental car coverage on your policy, that coverage would only pay for rental charges for a period of time, which may or may not equal the time you didn't have a car to drive. But, you didn't have the coverage and as such, the insurer is not required to provide it for you. You either have the coverage or you don't. The fact that you have been making your insurance payments has no bearing on this- your payments were for the coverage provided through the policy and if rental car coverage wasn't one of those coverages, there simply isn't any coverage.

In terms of your making payments on the car- the short answer to that is "yes." The agreement that you have with your lender has nothing to do with whether the car is drivable or not. You signed a contract with the lender and they expect to get their payments, regardless of the condition of the car. There is nothing in your loan agreements that gets you out of the payments if the car is stolen, wrecked or anything along those lines. If you contact them and explain the situation, they will likely work with you. Ignore them and it's going to whack your credit like any other obligation that's ignored.

I know that this isn't great news, but unfortunately, this is the way it goes.

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PostPosted: Mon Mar 07, 2011 4:07 pm   Post subject:   

You may want to check with your department of insurance to see the length of time your insurer has to resolve the claim has passed to the point where they must notify you in writing why they are asking or taking more time to investigate your claim.


If you can't find the time to do it right, how will you ever find the time to do it over.
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