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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 ...
You should file a claim whenever something happens that your policy would cover. So, for example, if you have comprehensive coverage and your car was vandalized or stolen, you would file a claim ...
6. Don’t file unnecessary claims. This is a big one, because nothing will jack up your premium faster than filing a damage claim. Of course, it's sometimes necessary to file a claim — after ...
Many criticisms leveled against Allstate (and other insurers), including Barardinelli's book, involved the use of a software program called "Colossus" to process claims. In 2010, Allstate paid a $10 million fine to settle a lawsuit brought by 41 states concerning inconsistencies in the manner in which Colossus was used.
Most states require a victim to sue the uninsured motorist (or a fictitious John Doe hit and run driver when litigating the second category of uninsured motorist claim) for his injuries in order to prevail on a breach of contract action against the insurance carrier. Some states, such as Virginia, require that the victim actually obtain a ...
a claim in respect of any one casualty where the aggregate claim against all insurers exceeds $500,000 or the equivalent in any other currency prior to adjustment for any franchise or deductible under the terms of the policy, shall, subject to the prior written consent of the Assignee, be paid to the Owner as and when [the vessel] (the "Vessel ...
Then Sharp tried to file a claim with his insurance company, Allstate, for the theft, but the company refused to pay. He said the company claimed that since he entered into a sales agreement, his ...
The Allstate Claim Core Process review portion is basically direct quotes from other sources. This needs to be reworded at the very least. Given that claims processing is always going to be a source of contention between insurance companies and customers, it may not be necessary to add.Patken4 14:36, 18 June 2006 (UTC)