STOLEN TRUCK STILL PAID INSURANCE AND TRUCK NOTE

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Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

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UPDATED: Jun 12, 2012

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Insurance Question from Miami, FL

Asked on 06/12/2012

STOLEN TRUCK STILL PAID INSURANCE AND TRUCK NOTE MY NAME IS CALVIN HASLEM I LIVE IN MIAMI FL,MY TRUCK WAS STOLEN IN APRIL THIS YEAR THE INSURANCE COMPANY IS REPONSIVE INSURANCE.THEY TOLD ME THEY PAY UP TO $20 PER DAY ON RENTALS.?? I HAD A RENTAL CAR FOR 2 MONTHS AND THEN THEY SAID WE ONLY OWE YOU $300.00 AND I ALSO PAID 2 TRUCK NOTE PLUS 2 INSURANCE IS THIS RIGHT>?? THEY KNEW I STILL WAS RENTING AND THEY NEVER TOLD ME IT WAS ONLY UP TO $300.00 LIMIT PLUS THEY DIDNT PAY FOR GAS DID I HAVE TO PAY FOR INSURANCE ON A TRUCK I DIDNT HAVE>? AND 2 TRUCK NOTES WHILE I HAVE GAP>? SOMETHING ISNT RIGHT

Answer given on June 15, 2012

If you had your car stolen and the insurance company agreed to pay for a rental car, they should have been clear as to how much they would pay for the rental car. However, your policy probably indicates what the insurance company will pay for a rental car.Usually, once the insurance company has paid you for the actual cash value of your car, they will not continue to pay for a rental venicle. Again this should have been made clear. As to gas, you would be paying for gas whether you had your own car or a rental, so there would be no payment for gas on the rental car.If you have gap coverage that will pay the difference between the amount the insurance company paid for the truck and what was owed on the loan. You would also want to keep your insurance in force since you were driving the rental truck and, once you got a new truck, it would be covered by your existing insurance.You don’t say why you had a rental vehicle for 2 months. You should have gotten a replacement vehicle before that time and you shouldn’t have expected the insurance company to pay for a rental for so long.


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