Coordinated, precise deployment of these comprehensive resources helps minimize the consequences — including employee injury or toxic tort claims by exposed persons, and difficulty in
recovering insurance assets.
Not exact matches
Guaranteed
Asset Protection (GAP) with PowerBuy covers the difference between your loan balance and the amount your
insurance policy would pay out if your vehicle were to be damaged beyond repair («totaled») or stolen and never
recovered.
In these situations it may allow the accident victims to
recover compensation not just from any applicable
insurance policy, but also from the significant
assets held by the company that employs the negligent driver.
The charge ranks above any other claim against the bankrupt's
assets (which is not limited to current
assets, unlike the WEPPA charge) except the right to
recover thirty - day goods, the charge in favour of suppliers of agricultural goods, the WEPPA charge, and the source deductions related to income tax, Canada Pension Plan, Employment
Insurance, or the provincial equivalents.
As uninsured drivers often have little to nothing in the way of personal
assets, and by definition do not have any
insurance coverage for the accidents they cause, a person injured by an uninsured driver may have difficulty
recovering adequate compensation for those injuries.
Even if a friend, relative or neighbor is the owner of the animal that caused your injury, it is important to speak with a personal injury attorney to determine if filing a legal claim or lawsuit is appropriate to
recover compensation from homeowners
insurance or other
assets.
This means that a severely injured person may be able to
recover damages by way of the company's
assets as well as an accident
insurance policy.
As a practical matter, it is nearly impossible to
recover your damages from someone with little or no auto
insurance, since they usually have no
assets, can homestead their home, or simply file for bankruptcy.
If you consult us, we will gladly help you research the defendants in the case and determine if there are any applicable
insurance policies and / or financial
assets from which you might attempt to
recover damages.
Because of this, a tractor - trailer crash victim may have the ability to
recover damages by way of a trucking company's
assets in addition to any payments made through a liability
insurance policy.
Kidnap and ransom
insurance, known in the
insurance world as K&R, can provide corporations (and individuals) with the ransom money needed to
recover key employees or other corporate
assets.
Gap
insurance — also known as guaranteed
asset protection — helps you
recover the difference between what you owe on your car loan or lease and the amount of compensation you'll receive from your
insurance company after a total loss.
As mentioned above, permanent life
insurance can appeal if you don't want to worry about
recovering your
assets in a financial crash.
Homeowners
insurance can be a great
asset to you when it comes to
recovering from various types of loss, but only if you have the right coverage in place.
While the landlord may be able to put in a claim to fix the property or
recover money for any of his
assets that may have been plundered, any of your personal belongings will not be considered replaceable under the landlord's
insurance policy.
While they may have information about South Bend renters
insurance, they do not offer to pay your damages or
recover your
assets.