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. These prices are only estimates based on fares for an average Alabama driver and should not be used to compare insurance prices.
The following laws have recently been enacted in Alabama and may affect your insurance coverage decisions:. For more details on Alabama's auto insurance rules, direct from the state, visit the Alabama Department of Revenue's Mandatory Liability Insurance webpage and the Be Sure to Insure - Alabama campaign. 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). Not having car insurance in many states can make you a high-risk driver when you buy car insurance.
With this optional coverage, Nationwide will not increase your car insurance rates after your first at-fault car accident. To purchase commercial auto insurance in Alabama, stop by a participating Direct Auto location in Birmingham, Cullman, Mobile, Decatur, Gadsden, Albertville, Florence, Huntsville, Athens or Russellville. You will need an SR-22 to have your driver's license reinstated and prove to the state that your policy meets the minimum requirements for car insurance in Alabama. New minimum insurance requirements and penalties for driving without insurance came into effect in January.
Direct's commercial auto insurance policies are competitively priced and offer flexible payment options, available discounts, and policy terms for 6 and 12 months. 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. 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, making it less risky to insure it.