Can a bank offer you a settlement on a charged off auto loan and later refuse the settlement offer because you received a check from your auto insurance company to fix your car from an accident?
Yes, the bank or any lending institution can withdraw any offer unless a contract has been signed by all parties.
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What are your legal options if your auto insurance company refuses a claim because they say they never received your last check?
Answer . Read your contract language. If you can prove they received it (cancelled check), then you should be fine .. if not .. you may be SOL.
If an insurance adjuster pays a settlement for an auto accident but later finds it an error should the check be returned?
Answer . \nLegally the check must be returned IF the agent addresses you through "Documented" mail. You can ignore the plea to return the funds, but you WILL be sued!\n. …\n. \nY-THINK-Y
If an insurance company made a settlement offer and a check was to be written when they realized they were not the at-fault's insurer at the time of the accident are they still liable?
Answer . NO, They are not liable if their insured was not at fault or was not their insured regardless of whether a check had already been written or not. In fact should th…ey have issued a settlement check and later determined they were not liable, The insurer can demand a refund of the settlement amount they issued.
all do. however, if you get to many accidents they can drop you. If you are looking to be insured, ask the insurer, they will tell what they will allow and what they don't.
The insurance companies do not like to give away their money on accident settlements so they take their time for a number of reasons. One is to let them fully analyze the natu…re of the injury of the plaintiff and the liablilty of their insured. This keeps them from overpaying on injuries. A second, is to simply stall the issue hoping the plaintiff will get itchy for the settlement and maybe get afraid that a jury might award nothing. This makes plaintiffs agree to take less. A third is that as long as the insurance company still has the money in its own accounts, it is invested and earning money for it. Insurance companies make the most of their money by investing the premiums, not just keeping them. The longer they keep the settlement amount the more money they make on their investment. I am sure there are more than just these, but these are enough for now.
There isn't an average. It depends on how much Bodily Injury Limits the other person has. Most people have policies with $20,000 - $25,000 but can go up from there. That's not… to say you'll get it all, it depends on what happened in the accident, and if the person who died contributed at all to it. Either way you only get the max on their policy.
What is the best way to fight an auto insurance company if you are unhappy with the settlement they offer?
Is it a property damage settlement, or are there personal injuries, wage loss and other damages? If it's property damage only, you should be aware that a settlement you consid…er "fair" may simply be the value of your car. Stuff like recent new tires or sentimental value or worse, that you're upside down on your loan - those aren't considered. Simply put, they don't owe you what you owe on the car. They just owe you what the car is worth.. If you have injuries and wage loss and feel they're offering you a low settlement, the best way to fight an insurance company is with a lawyer. Yes, there's a fee. However, you will not get a fair settlement on your own. Even pursuing the lower cost option of arbitration is still risky without a lawyer. You can be sure the insurance company has in-house lawyers to represent its interests, even in arbitration.
No. Personal injury settlements are non-taxable. Double check with your state's commissioner of insurance, or the adjuster you settled with. It may vary by state.
3 million in West Virginia
If you have only liability auto insurance should your insurance provider help you with a claim settlement against another insurance company after a auto accident?
no - your insurer is under no "obligation" to help you. Best bet is to pursue through small claims court. if damage is greater than small claims value - consult an attorney an…d negotiate a reasonable fee (usually a % of settlement amount and you owe nothing if you lose)
It depends on your state's criteria regarding income while receiving compensation. While some allow it because it's not a source from the worker's previous employment income, …most states still require you to report ALL income, regardless the source. If it does affect it, it usually offsets unemployment only in the week(s) received.
As little as they can get you to accept.
Do you need to give a W 9 tax form to the insurance company to receive your settlement money from a auto accident?
Most likely you will have to supply this information. I take itthat since you are asking the question they have requested one fromyou. Fill out the form and get it back to the…m quickly so you canget your claim paid. What difference does it make to you anyway? ____________________________________________________________________ A DIFFERENT ANALYSIS: W9 is an employer identification number. For an individual, theSocial Security number is the equivalent. In an insurer is payingcompensatory damages to an insured or even to a third-party, theinsurer wants to be sure that the correct person is being paid.Therefor, proof of identity, such as a Social Security number maybe required.
Most banks that offer loans offer auto loans as an option. Some banks that offer auto loans include US Bank, Bank of America, Nationwide Bank, and PNC bank.
Any good car insurance company will offer auto accident coverage as part of their services. Some well known companies include AAA, All State, State Farm, and Progressive. Rate…s will vary according to one's driving record.
The following companies offer auto insurance: AAA, 21st Century Insurance, Nationwide, Progressive, State Farm, Allstate, Esurance, and Liberty Mutual.