How much will insurance pay out

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Asked by
Eda

How much will insurance pay out? Is there someone who knows about this? My girlfriend asked me this yesterday but I didn`t have a clue. Moshe

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Lussay

"Life insurance will give you a lot of..."

That depends on a few factors: how valuable your insurance is, how valuable are the goods and for how long you have payed that insurance. Because of all these factors, the amount of money you can receive from an insurance may vary a lot. For example, life insurance will give you a lot of money while a simple motorcycle insurance can barely cover the costs of repairs.

Q. How much does texas farmers insurance pay for labor if owner does work themselves?
i filed a claim with my home owners insurance (texas-farmers insurance) and i wish to do the work myself, instead of a contractor to save money then how much does farmers pay owners for hourly wages?

"If you filed home owners insurance..."

If you filed home owners insurance, you are in the wrong place to ask, this is car insurance. If it was indeed your car you're asking about, are you a qualified body shop?

Q. What is the amount you pay before your insurance pays the balance?
for example, i have to pay the first 50 euros and then the insurance pays the remainder.

deductable

Q. Will my insurance company pay for damages i caused in a hit and run?
i plead guilty to hit and run. will my insurance pay for the damages incurred by the other vehicle?

"Some insurance companies may deny coverage if the..."

Your property damage coverage should cover you for this loss up to your property damage policy limit. You were legally responsible for the loss. However, some insurance companies may deny coverage if the loss was not reported to them in a timely manner. Contact your insurance ASAP.

Q. Would someones 3rd party car insurance pay out if someone sued them?
a woman gave a friend a run every week, a couple of weeks ago they bumped into another car, there was no damage to either car. her friend the passenger claimed she had whiplash, she was off work for 1 week and is now planning on suing driver. the driver only has 3rd party car insurance and was just wondering if her car insurance would pay out to passenger or would she have to pay out herself if claim goes through?

"That's what third party insurance is for..."

That's what third party insurance is for. The passenger would be considered the third party and can sue the driver of the vehicle in which she was travelling. If there is negligence on the part of the driver and damages as a result then there could be a valid claim. xxR

Q. How much does insurance pay on total loss if owner owes more than its worth?
if a car is worth appoximately 30,000 and the owner owes 40,000 what will the insurance company pay the owner? i hope it is 30,000....

"The insurance company will only pay the value of the car..."

The insurance company will only pay the value of the car. In this case $30,000. However, there is a thing called gap insurance that you can get which will make up the difference of the money owed and the value of the vehicle.

Q. Will gap insurance pay the difference after the car is repossessed?
my son had gap insurance on his new vehicle. now he can't continue the payment and may have his vehicle repossessed. there will be a big difference between what he still owe on his loan and the resale price of the vehicle. will gap pay for this difference?

"The finance company will make some reasonable arrangements to pay the balance..."

Unfortunately, GAP only pays if the vehicle is totalled in an accident or stolen and not recovered. It does not cover the deficiency balance after a repo sale. He will owe the difference. The finance company will make some reasonable arrangements to pay the balance, usually without interest.

Q. Will my insurance pay for braces since their position is causing cavities?
my front teeth overlap and are so close together its nearly impossible to floss between them. i've been using a waterpik, but i still got two cavities. i brush twice a day and waterpik before bed and use mouthwash. i definitely don't have the money for braces, but i really dont want cavities either! will insurance pay for braces since the reason i need them is not cosmetic?

I'm not sure of your age, but if I remember correctly insurances usually don't cover braces after your teen years. Any orthodontist will give you your initial consultation for free which will explain and answer your questions. You may also consider a general/cosmetic dentist who can generally correct pro lems like these with other methods of treatment. FREE consultations!!!

Q. Is their a law saying that i have to pay the insurance company of an auto accident of another partly?
i hard an auto accident on march 07. i made a left turn at a intersection at 10 mph and hit a 2007 audi that is slightly damage to my 94 caprice chevy more damage was done to her audi. no one was hurt. police was notify. she had a witness. now my insurance company say it was my fault also her insurance company since i have only 10,000 dollars in liability my insurance already paid her. her insurance paid the other 15,000 which cover the total cost of 25,000 dollars. her insurance company want to collect the other 15,000 from me. then was her insurance for ? this sounds like extortion with her carrier. is there a law saying i have to pay her insurance costs it was a dam accident. since when and where does it say i have to pay for an accident that was pay by her insurance company. this is extortion at the highest level. also at the intersection when it happen on her side of the road the stop sign was taken down. i was makin a left turn. [update] this happen in the state of new jesey. my insurance is liberty mutual. i have photos of the accident. i hope i have a case with my lawyer. check for you to see ; her audi : http://tinyurl.com/yvyu8f the missing stop sign : http://tinyurl.com/26xh5o explanation : http://tinyurl.com/293l8b my view make a left turn : http://tinyurl.com/28a6l7

"Or that her insurance has to pay anything at all..."

Not exactly. Let's break this down into parts: First of all, the law. There are two types of law - statutes, and case law. Statutes are the laws on the books. Case laws are they way they get interpreted, in courts. Generally, there are "standards of fault" for an accident. One typical standard of fault is making a left hand turn. If she was going straight, and you were making the left, you're at fault. Clearly, fault is not at issue here, as both your insurer and her insurer agreed that YOU are fully at fault in accordance with your state law. Now, insurance. If you were UNINSURED, you'd be just as at fault, just as responsible, as you are with insurance. Unfortunately, you are UNDERINSURED. You don't have very much coverage. Sorry, $10,000 won't fix MOST cars on the road today. Just because you carry a small amount of insurance, that doesn't mean the REST is forgiven. Now, her insurance. When HER policy pays out, in exchange for them paying her, she automatically gives up the right to sue you - passes it on to them. Just like they would with an UNINSURED driver, they will go after you for what you are responsible for - the $15,000 difference. Plus her deductible. After all, this accident is YOUR fault, it's not fair that SHE has to pay a deductible, or that HER INSURANCE has to pay anything at all. It's not extortion. You are responsible for $25,000 of damages. Your insurance paid some, YOU will end up paying the rest. The law isn't on the books. If you don't come to a payment arrangement with them, they will sue you in court. AND WIN. Then they will slap on interest charges and legal fees, and garnish your wages. It's pretty cut and dried. You caused the accident. You need to pay for the damages that your insurance doesn't cover. And then you need to raise your property damage limit to AT LEAST $50,000, and your bodily injury limit to AT LEAST $50,000/$100,000. At the very minimum.

Q. Does life insurance pay the spouse if the other commits suicide years after they brought the policy?
if a couple brought a life insurance policy years ago, and one of them commits suicide today. will the insurance pay the spouse?

"If it is a standard life insurance policy (not an accident life insurance policy..."

If it is a standard life insurance policy (not an accident life insurance policy) and the spouse is the named beneficiary, then yes the insurance would pay the spouse. Suicide is only an exclusion for the first two years under a standard life insurance policy (universal, term or whole life). After two years standard life policies become incontestable. I hope this helps. If you have lost your spouse, I am sorry for your loss.

Q. When there is a car accident does the drivers insurance company pay if there is alcohol involved?
was curious if a person has life insurance and is in a car accident where they are drinking and driving does the insurance pay. ultimately it is their own fault so i wasnt sure how that works?

"No the insurance wouldn't pay out..."

No the insurance wouldn't pay out, the person who has been drinking shouldn't be on the road so it is instantly their fault.

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