Hi,
Typical practice is that when this catches up to the underwriting department of
the insurance company they will request proof that the vehicle has been
repaired.
The acceptable proof may be in the form of paid receipts from the repair shop
that completed the work and/or detailed pictures. Lacking documentation, the
companies usually delete the vehicle from the policy entirely or at least the
physical damage coverage.
This is generally a simple matter and there is seldom a coverage lapse unless
the owner ignores or fails to comply with the request for proof.
This information and required proof may vary among insurance companies.
I have seen these requests from the underwriting departments take as long as 6
months from the time of settlement.
Jay Fishbein, CT
On 03/05/99 18:55:21 you wrote:
>
>In a message dated 3/5/99 3:43:11 PM Eastern Standard Time, rcbrown@lucent.com
>writes:
>
><< My insurance company (standard street car coverage) considered the car
>totalled,
> but for 15% of the settlement I was able to keep the car with no effect on
>the
> title. The settlement was far below what is listed in
> any of our common references as the value of a 62 BT7. But it took 3months to
> get them to agree to what I did get, and it was sufficient
> to cover all the work I have had done, with very little left over. >>
>
>- - - - - - - - - - - - - - - - - - - -
>
>That brings up an interesting point. Since the insurance company "totalled"
>the car, but you kept it and repaired it, what happens (God forbid!) if you
>have another accident? Can you put in another claim on a car that your
>insurance company retired? Can they consider it uninsurable, because they
>already paid you for it?
>
>Maybe it's time to get antique car insurance from a specialty company. Any
>comments? Jay?
>
>Allen Hefner
>'77 Midget
>'92 Mitsubishi Expo LRV Sport
>
>
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