- According to my insurance company, if i receive money from the
at fault other driver as in a settlement, then yes I have to repay
my own insurance company for the medical related expenses they paid
for me that fell under my medical coverage policy. So if you have
Ten,000 in bodily injury and you used Five,000 in medical and you were
awarded 20,000 by the other insurance company, you must pay them
back that Five,000 and can keep the rest. This may not be true for all
companies. Your claim advisor or insurance agent should be able to
reaction for you. The other screwy thing is that if you have to go to
court to get a settlement or any money awarded, my insurance
company said they will not pay for any costs associated with a
lawyer or court but that if I get any money, I HAVE to pay them
back all the medical they paid out on my behalf. I can choose to
get whatever settlement is suggested and get the leftovers, I can
hire an attorney(out of my pocket) or I can do nothing. I am not
sure why we pay these people. - In the UK there are very clear distinctions inbetween
compensation for anguish and suffering for bodily injury and financial
expenses such as medical expenses. Often the sums paid by your autoRelated video:
insurer on your behalf including vehicle repair expense will be
claimed directly by your auto insurer from the person at fault
whilst your solicitor deals with the claim for your bodily injury
and extra financial losses. However, your solicitor will
liaise cautiously with your auto insurer to ensure that the
insurer’s rights are not prejudiced and all decent monies are
recovered. To see examples of the types of compensation you can
claim click the related link entitled “traffic accident
compensation”. - In Florida, the response depends on whether you have
uninsured/under-insured motorist (“UM”) coverage. Very first, your own
company must pay the very first $10k, then the at-fault party must pay
the remainder, up to the policy boundaries. If the at-fault party’s
policy thresholds do not cover all the expenses and you intend to seek
the unpaid remaining expenses from your policy (the UM coverage)
and not from the at-faulty party, then you must obtain permission
from your own insurance co. prior to lodging for the at-fault
party’s policy thresholds. As to the very first bulleted reaction above: that
person should truly find someone UNBIASED to seek advice from
other than the employee of the for-profit insurance company.
Is there a co-op auto insurance where the only time premiums are charged is when the company has claims to pay out?
Reaction .
If there were, it is certain they would have more business than they could treat. Obviously the reaction is no>.
Reaction .
There is a way to do this, but you would have to talk to an attorney and essentially commence your own petite insurance co-op that generally is still regulated by the state. It may even cost you more in the end, due to the legal paperwork and fees involved. But yes, if you truly wished to, you could put a large sum of money in an account for what is called a “reserve” of just in case money. Then when each member of the co-op has a claim, they pay higher amounts until they substitute all the money that they have taken out. Be careful with this type of insurance, because if you pick the wrong people to permit in the co-op and they have a large claim, but can’t afford higher premiums, the other members of the co-op must pay the difference if they wish the co-op to remain in business. In brief…Talk to an attorney..
Will insurance companies pay a claim if the insured driver did not have a valid drivers license?
Response .
Yes, my daughter had recently given her beau permission to drive her car. He had an expired lerners permit. He had also hit and run and the tags were traced by the person who had been hit. Our insurance company paid for her car and the other parties vehicle. I’m sure that it will be made up in the renewal of our policy. Hope this helps..
Can you claim bodily injury from your insurance for a car accident in which you were found at fault?
You cannot claim bodily injury against your own policy for yourself because you cannot be liable to yourself. Bodily injury coverage falls under the liability portion of your policy, for injury to others caused by you or the driver of your vehicle. You must carry PIP or MEDPAY for your own injuries. .
In the UK – the law is based on fault. Namely the driver at fault pays for the injury and vehicle harm to the virginal road user. Motor insurance is compulsory as this pays the liability of the driver at fault. So you cannot claim for bodily injury from your own insurance as you would be claiming against yourself – but if your motor policy was comprehensive you can claim from your own insurer for vehicle harm – subject to an excess. See the related link entitled “car driver injury claims” for a utter explanation as to when a car driver can claim and when a car driver is considered liable.
Do you have to reimburse a health insurance provider that paid for medical bills if you received a bodily injury settlement from your auto insurance?
Do you have to pay federal or state taxes on an insurance claim settlement?
For US Federal taxes, it would depend on who was paying the premiums for one thing. If you pay the premiums yourself and the loss is not business related, then no. If your employer pays the premiums or if the loss is business related then maybe. Based stringently on the information given in this question, the reaction would be no..
If you have health insurance will your PIP pay for an injury in an auto accident?
In Florida, PIP will pay 80% of the bills till a total of $Ten,000 is reached. .
After the $Ten,000 limit, the health insurance will kick in as if that was the primary insurance. .
So what about the 20% before the $Ten,000. Send the remaining balance bills to your health insurance or the provider if the provider belongs to the health insurance list. Most of the health insurance companies will pay nothing of the 20% as the auto PIP will have paid several fold the allowable amount that the helath insurance pays had it not been as a result of an auto accident. They will tell the provider that no extra payment is due. So you will not pay a dime from your pocket till you reach the $Ten,000 limit. .
But if you are going to a out-of-network provider, I do not know. So when you go to ER or a doctor, tell them you only want to see your health insurance providers. They may not do so but insist..
Beaware of even network providers attempting to ask you to pay the balance if your health insurance company does not pay anything. They become greedy like anyone else..
The sun is setting on reqd PIP in Florida. It is a boon for people who have a insurance as they will not go thru the hassles that providers put you thru for the balance of the PIP. On PIP, charges are 3-4 times what is permitted by health insurance companies. So hospitals and doctors make a killing. With PIP gone in Fall, now the lawyers will make a killing by suing for injuries. And if you are not insured, you are in trouble even if the accident was not your fault. PIP was a good idea, but when hospitals and doctors got greedy, it became to be known as a scam. .
With our mentality of making money in the brief run, this is what the consumer gets. He is shafted no matter what, just getting shafted by different people. Do you want to be shafted by the medical community or the lawyers. Take your pick.
In California if you do not have auto insurance and you are involved in an accident that is not your fault does the insured at fault have to pay your medical and or ache and suffering?
Related video:
California law restricts owners and operators of motor vehicles injured in a motor vehicle accident from recovering compensation for agony, suffering, inconvenience, physical impairment, disfigurement, and other non-pecuniary damages if the injured person was not insured at the time of the accident
If your wifey had an accident and she was not on your insurance and was driving a rental car that had sui and cdw but no pai for medical injury who pays your auto-ins rental-ins or medical-ins?
Your medical insurance will very likely pay; however, you will have to put in a claim to the other insurances very first and get a written copy of denial before your medical insurance pays on a car accident. Make sure your doctors’ billing offices have those instructions. I fought the charges from a surgery for 6 years before the hospital admitted they messed up the billing procedure.
Do you need to file a claim with your auto insurance if you wish to seek medical coverage for the injuries sustained?
medical coverage is any out of pocket expenses you incure. If another auto was at fault, you would file under their policy, for Bodily injury
Do you pay taxes on an auto insurance settlement?
Who pays if a driver does not have auto insurance but the passenger does?
for the driver – there will no coverage. For the passenger the same as well. It is your responsibility as a passenger, to be sure that the vehicle you are driving in is INSURED, always.
Can you receive money from an auto insurance claim after you sell the car?
When did you suffer the loss? Did you own the vehicle at the time of the accident that resulted in harm to it? Did you file a claim BEFORE you sold the vehicle? If you filed a claim and subsequently sold the vehicle, you should have no trouble collecting for your loss. If, however, you failed to file a claim and then sold the bruised vehicle at a diminished price and now regret that stir, you’re pretty much out of luck.
Do you pay taxes on the settlement of an insurance claim?
In Michigan if you report an accident to the police for insurance purposes will the at-fault driver get a ticket if there are no bodily injuries?
Injury claims how much does the at fault or no fault insurance pay?
Can you sue at fault driver in California who has insurance if his insurance company denies to pay your claim for medical expenses or do you have to sue his insurance company?
Do you pay taxes on the settlement of an accident insurance claim?
But In general the reaction will be “NO” This is because most claim settlements are compensation for a loss and not considered profit or earned income.
Who’s auto insurance is responsible for medical if the other driver does not have insurance?
Which insurance company pays for auto accident settlement?
Question If you are involved in and auto accident in Florida and the other driver is at fault but has no auto insurance and you are injured can you sue your insurance company for injuries?
Do you have to pay taxes when you receive money from a life insurance claim?
If the life insurance policy names a trust as beneficiary, the trust may be subject to estate taxes.
Does insurance investigate injury claims?
Will private medical insurance or car insurance pay medical expenses in an auto accident?
What can happen if after an At Fault accident the auto is totaled and you choose to cancel the insurance because you will not drive again and there are individual injury claims not lodged?
I signed an auto insurance settlement for medical. can I switch my mind?
If you are in an auto accident and the other driver has no insurance and your insurance provider pays your claim do you need to have the auto repair done or can you keep the money?
Will supplemental insurance pay for auto claims that medicare doesn’t?
Do you pay taxes for auto insurance settlement?
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?
Insurance bodily injury covers?
What is an insurance policy with bodily injury coverage?
Can the driver at fault file a claim to his own insurance for bodily injury under his uninsured motorist portion of his policy if he was driving a friend’s vehicle who had no insurance coverage?
Can an auto insurance co reject to pay for my car and injury when their insured was at fault just because my registered car was insured under my friends name and not mine in the state of California?
Can you Dispute auto accident bodily injury claim?
If no auto insurance will medical insurance pay?
What is the consequences of not paying medical bills after receiving an insurance settlement when you’re the passenger in the accident?
How are insurance bodily injury claims treated?
Will your auto insurance policy pay for your medical bills?
What to do if the at fault driver has not reported a claim to their insurance?
Who pays injury claim when at fault driver doesn’t have bisexual and injured doesn’t have insurance?
Can other drivers claim bodily injury from your insurance for a car accident in which driver is found at fault?
Does insurance pays claims for under age driver accident?
Will medical insurance pay your claims if you received DUI?
Related video: