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If the car insurance claim payment came from your insurance company, you might receive a check written out to you and the approved body shop. Auto insurers tend to issue two-party checks to reduce ...
After the ANF intervention, Geico quickly honored its original decision, took possession of the stolen Infiniti and even increased the settlement payment to account for the additional car payments ...
Based on this example, an auto insurer would pay out a maximum of $1,500 for a diminished value claim on this vehicle. However, based on the damage and mileage, the final calculated estimate for a ...
Auto insurers generally settle total loss claims on one of three methods of claim settlement: [15] Actual Cash Value (or ACV): the value of the vehicle is determined by the claims adjuster after the total loss occurs, Agreed Value: the vehicle value is determined prior to the start of the policy period), or
Accord and satisfaction is a settlement of an unliquidated debt. For example, a builder is contracted to build a homeowner a garage for $35,000. The contract called for $17,500 prior to starting construction, to disburse $10,000 during various stages of construction, and to make a final payment of $7,500 at completion.
A person who has been injured by a stolen vehicle may qualify for an uninsured claim. A few states require physical contact for uninsured claims. If contact is required, it can be any kind of contact, such as that between two cars, but can also consist of a vehicle contacting the leg of a motorcyclist or a motorcycle tire.
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