What can i do if a car insurance company tells you they will refund your money when you get in a accident, and your car is the one who needs to be fixed?And you were covered by them at the time?
2007-01-07 15:48:42 · 4 answers · asked by trying 2no 1 in Cars & Transportation ➔ Insurance & Registration
You left out a lot of details and we don't know where to start.
Either you are covered by a policy, or you are not. If you are covered by a policy, it would be in writing, unless it was cancelled retroactively due to non-payment.
If your car is the one that got damaged, only "collission" insurance (i.e. comprehensive) will cover your own damages.
So include some details.
2007-01-07 16:26:19 · answer #1 · answered by Kasey C 7 · 0⤊ 0⤋
When you pay by instalments you have entered into a credit agreement, so if you have not cancelled your policy before your 14 days cooling off period, then your contract is legally binding once the 14 days have lapsed. Each insurer has different term and conditions. Reading the Cancellation of Policy above, it says that you must return the insurance certificate, it also says 'Be aware that cancellation refunds outside of the initial period are not given after a claim, and note that some insurers charge cancelled policies on a short period scale'. This says to me that you are bound by a fee based on the cancelled policies on a short scale, which works in the same way as a contract for a mobile phone as you have agreed to the terms, it could also depend on the reason for cancellation.
2016-05-23 07:22:07 · answer #2 · answered by Anonymous · 0⤊ 0⤋
I don't fully understand what you are asking here. You are leaving out some needed information. Was the accident your fault? What were the circumstances? What coverage did you have? Why are they offering a refund?
All I can suggest is that you ask them why they are refunding your money, since only they would know the answer to that question.
2007-01-07 15:53:17 · answer #3 · answered by oklatom 7 · 0⤊ 0⤋
The insurance company doesn't have the option to refund your premium when you file a claim. They have to pay for the repairs to your vehicle, or give you the fair market value if it is totaled.
No insurance company would attempt to clear their obligation by refunding the policy premium; insurance doesn't work that way.
2007-01-07 16:38:18 · answer #4 · answered by Bostonian In MO 7 · 0⤊ 0⤋