What is the legal definition of "Financial Betterment" in relation to an insurance claim? - legal definition of insurance
I bought a Toyota Yaris for £ 8500th It was a surprisingly good match. I had an accident the other day trying to avoid a deer and Toyota, said that after the glass guide prices, a Yaris at the age of my car with my car miles on the clock £ 9200th
My insurance company just called me and told me not bid more than 8500 pounds, otherwise it "would improve the service." What does this mean?
PS You're asking me this afternoon! I need advice ASAP!
Monday, January 18, 2010
Legal Definition Of Insurance What Is The Legal Definition Of "Financial Betterment" In Relation To An Insurance Claim?
2 comments:
unless referred to the policy specifically allowed (usually as new from the old insurance company) does not pay more than you originally paid for the car .. unless they can prove that they do not addtiional things (in the car such as a better radio / CD player, etc. ..)
essentailly what they do, insurance fraud is a classic .... He bought a car, this insurance at market value. learned that less than market value for what they are looking for ways to reduce the costs to them of the claim. However, it is necessary to understand what the true market value .. Be sure to reference value equal to suign to them.
Front at the point of view that insurers are expected to guard against fraudsters could say that the purchase of a car accident that you and some of the demand in the value of Cristal
One of the basic principles of insurance is in place of the insured after a loss in the same financial situation as before the loss. If you are charged EUR for 8500, then that is what is insurance required to pay. Regardless of the exchange, an insurance company can not bring in a better position than before the loss. Note that there is now a car accident, that the value placed by Toyota in 9200 probably because it would fall anyway.
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