Previous page FAQs Main Page A. If the company does not plan to file for subrogation, you can usually file a lawsuit in Small Claims Court to recover the amounts owed, or you can try to recover your deductible by calling the at-fault party's company. You can file a claim against the at-fault party's insurance policy. Finance Department, Risk Management Division (33) 242-5616 P.
Box 303250 Montgomery, AL 36130-3250 Department of Finance handles insurance claims for all agencies in the state of Alabama. First you need to find out why there was a discrepancy in the quote. Sometimes, information will be disclosed to the company in its Motor Vehicle Registry (MVR) that will require the company to change the originally quoted premiums. The producer should be able to give you a satisfactory explanation of the increase in your premium.
If you think your premium was intentionally quoted low to get your business, you must file a Request for Assistance with the Department. A company must notify 10 days in advance of non-payment of the premium. For any other reason, 20 days. Yes, a lender has the right to require the borrower to protect the interests of the lender in the collateral.
A secured loan agreement usually includes a provision that requires the borrower to keep the collateral secured and that allows the lending institution to secure and collect coverage; if the borrower does not obtain the required insurance. These charges are subject to interest and the premiums are usually much higher than if you had purchased insurance yourself. Yes, as long as the repairs return the vehicle to its value that existed before the loss. The parts used do not necessarily have to be original equipment manufacturer (OEM) parts, but must be of the same type and quality as the parts being replaced.
Ask your company what guarantees they will give you on these parts. Insurance companies are required to pay in accordance with the provisions of their policy, which is usually the actual cash value of the vehicle at the time of loss. This amount doesn't always cover the loan balance because you may owe more than the vehicle is actually worth. The borrower of the loan is responsible for paying the difference to the financial institution.
The actual cash value (ACV) of your car is the amount on which the insurance company will base the agreement. You can review the vehicle evaluation report used by the insurance company and consult other available sources, such as the “blue book” and comparable vehicles in your area that are for sale. The Alabama Department of Insurance has no regulatory authority over the monetary evaluation of your vehicle. The company is obliged to pay the claims for which the insured is legally responsible, due to an accident.
The fact that the insured did not report the accident seems irrelevant, provided that sufficient documentation can be provided to the company to justify the claim. When damage to a vehicle is equal to or greater than 75% of the value of the vehicle, it can be considered a total loss. Code of Alabama 32-8-87 (d) File a complaint, search for a life insurance policy, view information about long-term care, etc. Apply for, renew or print a license, view the CE transcript, check status, exam sites, etc.
Search for companies, filing requirements, rate bulletins, forms, captives, Clarity Act, etc. Alabama auto insurance laws require all drivers to have liability coverage for bodily injury and property damage. Driving without this minimum level of insurance can lead to costly fines and jail time. Alabama's auto insurance laws state that being at fault in an accident prohibits you from filing a claim, as does damage caused by anything other than a collision.
Not having car insurance in many states can make you a high-risk driver when you buy car insurance. Review Car Liability Insurance Cancellation for Reasons Insurance Companies Can Cancel Your Insurance. The consequences of driving without insurance exceed the monthly insurance premium and may result in the following penalties. Having a policy with at least the minimum car insurance coverage in Alabama is mandatory for all drivers.
As such, the minimum commercial auto insurance requirements in Alabama for what is known as a “light vehicle,” such as a sedan or van, are the same as the minimum requirements for a personal vehicle. Direct's commercial auto insurance policies are competitively priced and offer flexible payment options, available discounts, and policy terms for 6 and 12 months. Certain car insurance qualifying factors, such as your driving record, can significantly affect your insurance costs. New minimum insurance requirements and penalties for driving without insurance came into effect in January.
The minimum commercial auto insurance requirements in Alabama vary depending on the size, type and weight of the vehicle, the number of passengers it is carrying and whether it is carrying hazardous materials, whether it is a rental taxi or a tow truck, among other factors. Since 2003, law enforcement officers in Alabama can immediately verify the insurance status of a vehicle through the State of Alabama's Online Insurance Verification System. Alabama ranks seventh among all states for uninsured drivers, so uninsured motorist insurance is something you should consider, even if it's not part of Alabama's minimum auto insurance requirements. Although the Alabama Department of Revenue's Division of Motor Vehicles uses online verification, Alabama's auto insurance laws still require drivers to carry proof of insurance on all vehicles at all times in the form of a physical insurance identification card or a electronic image of your insurance identification on your mobile phone.
phone. The terms, definitions and explanations of insurance are intended for information purposes only and do not replace or modify in any way the definitions and information contained in individual insurance contracts, policies or reporting pages, which control. . .