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. It is a document that an auto insurance company submits to the state to certify that a person has a current insurance policy that meets the state's requirements for financial responsibility or minimum liability coverage.
Similarly, a good credit score tells insurance providers that you're more likely to pay your annual premium, so it's less risky to insure it. 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. 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. These prices are only estimates based on fares for an average Alabama driver and should not be used to compare insurance prices.
Not having car insurance in many states can make you a high-risk driver when you buy car insurance. It includes comprehensive and collision coverage, and covers most damages incurred in a car accident up to the market value of your insured car. 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. In a commercial auto insurance policy, UM coverage can help cover expenses incurred after you or a covered employee is involved in a hit and run or accident with an at-fault driver who is uninsured or underinsured.
Alabama licensed insurers must enter insurance information into the Online Insurance Verification System (OIVS). Most AL insurers will ask you to select a deductible amount, the out-of-pocket cost you must pay before your insurance coverage begins for each accident, and the amount you choose will directly influence your premium. If you can't show proof of insurance or if your limits fall below the minimum car insurance requirements in Alabama, you could be subject to several consequences. Commercial auto insurance is generally for drivers who use their car or truck for activities related to their occupation or business (other than commuting).
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. Direct's commercial auto insurance policies are competitively priced and offer flexible payment options, available discounts, and policy terms for 6 and 12 months. This type of car insurance coverage in Alabama is used to repair your vehicle when physical damage occurs from incidents not related to a collision (subject to deductible). .