insurance money

simx

hi all,
was in a car accident on the 21st,got a replacement car alright,im insured on it till tomorrow evening,am i entitled to the car until i get money? how soon should i get the money for the car?
sorry i should of said. . . its the other drivers fault and they accepted liability

Ms Minnie Mouse

It depends on the T&Cs of your policy. Some have a fixed period for a replacement vehicle. I'd be inclined just to double check with your insurance company just to make sure.

Also, if your insured vehicle was subject of a finance agreement, the insurer have a responsibility to name both yourself and your finance provider on the cheque. This may cause a delay as strictly speaking the finance on the vehicle should be settled prior to any surplus being issued to you.

If you decide not to settle finance first, your finance company may well find out. If the vehicle subject of the finance agreement no longer exists you may be liable to pay the full outstanding balance immediately as the contract has effectively been terminated.

Just saying.

***PS - I am not a lawyer and therefore do not purport to be offering anything other than my own point of view and experiences!***

simx

Ms Minnie Mouse wrote: »

It depends on the T&Cs of your policy. Some have a fixed period for a replacement vehicle. I'd be inclined just to double check with your insurance company just to make sure.

Also, if your insured vehicle was subject of a finance agreement, the insurer have a responsibility to name both yourself and your finance provider on the cheque. This may cause a delay as strictly speaking the finance on the vehicle should be settled prior to any surplus being issued to you.

If you decide not to settle finance first, your finance company may well find out. If the vehicle subject of the finance agreement no longer exists you may be liable to pay the full outstanding balance immediately as the contract has effectively been terminated.

my car is all paid for,i have the replacement car on their insurance so if i start acting up about wanting to extend this willthey hurry up?
Just saying.

***PS - I am not a lawyer and therefore do not purport to be offering anything other than my own point of view and experiences!***

my car is paid for,i have the replacement on their insurance

Ms Minnie Mouse

That's all good news.

I'd give their insurer a call just to confirm. They'd prefer you give them a call than for you to be driving around in their vehicle uninsured. Did you sign anything when you collected the vehicle?

simx

Ms Minnie Mouse wrote: »

That's all good news.

I'd give their insurer a call just to confirm. They'd prefer you give them a call than for you to be driving around in their vehicle uninsured. Did you sign anything when you collected the vehicle?

oh yeah im insured alright

Ms Minnie Mouse

simx wrote: »

got a replacement car alright,im insured on it till tomorrow evening

Presumed from the above that the insurance was to have run out this evening.

simx

Ms Minnie Mouse wrote: »

Presumed from the above that the insurance was to have run out this evening.

oh yeah sorry it was but its extendede until next week,when would you reckon id have the money for my car?