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Loss of use is the inability, due to a tort or other injury to use a body part, animal, equipment, premises, or other property.Law.com defines it as "the inability to use an automobile, premises or some equipment due to damage to the vehicle, premises or articles caused by the negligence or other wrongdoing of another."
An auto insurance claim is essentially your way of notifying your insurance provider that you’ll need to use your policy to cover expenses after your car is damaged in a covered incident. The ...
Claims will be considered for the cost of repairing/replacing the vehicle (comprehensively insured policyholders precluded), hire charges, loss of use and property damage. An injured party can also claim for treatment and/or rehabilitation for pain and suffering. Legal costs are paid in full by the MIB once the claim is proven.
However, in choosing which type of policy to purchase, the owner should consider whether, in case of a total loss, it is more advantageous for him or her to have the policy pay off the negative equity or provide a down payment on a new vehicle. For example, assuming a total loss of a vehicle valued at $15,000, but on which the owner owes ...
If your car was only worth $4,000 at the time of an accident and you're looking at $4,500 in body work to fix it, it doesn't make sense for your insurer to pay the higher amount when it can ...
A denied car insurance claim doesn’t necessarily mean the end of the claims process. If you do not agree with your insurer’s claim denial, you have the right to appeal the insurance company ...
Vehicle insurance (also known as car insurance, motor insurance, or auto insurance) is insurance for cars, trucks, motorcycles, and other road vehicles. Its primary use is to provide financial protection against physical damage or bodily injury resulting from traffic collisions and against liability that could also arise from incidents in a ...
You may want to wait until the claim is closed before buying a new car. Atlanta man was left with 2 auto loans after his stolen car was found in Florida and Geico canceled his $35K settlement ...