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Similar to filing car insurance claims, time limits for filing police reports vary by state. For example, Tennessee requires that police reports be filed within 20 days of an accident, while ...
With the average full coverage-car insurance policy costing a hefty $2,500 annually, ... Single-car accidents. ... For example, if you owe $20,000 on your car but it's only worth $16,000, gap ...
For example, if you're putting $100 or $200 away each month to build a down payment, save an extra $25 to $50 monthly to cover the cost of an extended warranty.
The first two numbers seen are for medical coverage. In the 100/300 example, the policy will pay $100,000 per person up to $300,000 total for all people. The last number covers property damage. This property damage can cover the other person's vehicle or anything that you hit and damage as a result of the accident.
The scope and duration of automotive warranties can vary significantly, but they generally cover areas such as: bumper-to-bumper warranty, powertrain warranty, corrosion warranty, emissions warranty and others. [2] There is also an "extended car Warranty" also known as a "service contract" which is purchased separately.
An indemnity is distinct from a warranty in that: [8] An indemnity guarantees compensation equal to the amount of loss subject to the indemnity, while a warranty only guarantees compensation for the reduction in value of the acquired asset due to the warranted fact being untrue (and the beneficiary must prove such diminution in value).
For example, if your state requires only $10,000 in property damage coverage but an accident you cause results in $30,000 in damages to somebody else's car, you could be on the hook for the ...
To collect diminished value after a car accident, insurance companies usually ask for a diminished value report. In Canada, this is more commonly called accelerated depreciation; how a person goes about reclaiming those losses in either country is a different process. In some US states, insurance companies acknowledge diminished value and ...