Not exact matches
However, the
total costs associated with a fatal
accident, including liability claims, can amount to millions
of dollars.
So, for example, if you have owned a $ 100,000 boat for three years that was
totaled in an
accident, the insurer wouldn't pay you the entire
cost of replacing the boat.
Mispricing from a domestic perspective is responsible for a large majority
of the global subsidy: in 2013, local air pollution
totaled 46 %
of the subsidy, under - taxation
of broader vehicle externalities (e.g., congestion,
accidents) accounted for 13 %, 11 %
of the subsidy came from undercharging for inventory
costs, and general consumer taxes amounted to 8 %.
I am very, very afraid that by the time we begin to address the issue in any sort
of meaningful, intelligent way, the
cost of action will be ridiculously and unnecessarily high, much as buying a new car is more expensive than bothering to fix the brakes on your old car before they cause an
accident that
totals the vehicle.
In
total, the number
of accidents costs society over # 1 billion.
The CDC found that motor vehicle
accidents contributed 71 percent
of the
total cost, about $ 70 billion, while motorcycle
accidents cost $ 12 billion, pedestrian
accidents cost $ 10 billion and bicycle
accidents cost about $ 5 billion.
The
total financial
cost of distracted driving is impossible to put a figure on because every
accident isn't reported and it's not always immediately evident that these distracting actions played a part in the incident.
The
total cost of tractor - trailer
accidents with fatalities in the US
costs $ 20 billion or more every year, where more than $ 13 billion goes directly to financial compensation to survivors.
If one party is deemed 80 % responsible for the
accident, and you are assigned the other 20 %
of the blame, then your resulting compensation can be no more than 80 %
of the
total costs incurred.
In this personal injury case involving two motor
accidents occurring 6 months apart (Wang v. Dhaliwal, 2014 BCSC 1662) the court awarded two set
of legal
costs totaling $ 13,000 in addition to the $ 59,000 out
of court settlement.
In addition, with all the sophisticated equipment on modern cars, a greater percentage
of vehicles involved in
accidents — nearly 20 % by some estimates — are being are being classified by insurers as «
totaled» — that is, the
cost to repair them is more than the vehicles are worth.
However, the share
of those 10 causes in the
cost of total workplace
accidents grew from 82.5 percent in 2016 to 83.4 percent in 2017.
Under Idaho law, the insurance company is required to pay the lesser
of two amounts: either the
cost of fixing damage incurred in the
accident or, if the car is
totaled, the fair market value
of the vehicle just before the collision occurred.
Drivers
of late model cars with high market value will find the
cost of additional coverage
of collision and comprehensive coverage less expensive than the replacement
of their cars should the cars be
totaled in an
accident.
After driving a car for many years, it may be more
cost effective to lower the comprehensive and collision amounts on the vehicle if the payout in case
of an
accident will be less than the
total amount you pay in premiums over the course
of a policy year.
Consider skipping the optional coverage if it
costs more than 10 percent
of what you'd get from your insurer following an
accident that
totals your car.
For example, let's just say that a car owner is involved in an
accident that has a
total cost of $ 5,000.
On the part
of the insurer, premium signifies a proportionate value
of the replacement
cost needed in case the car gets stolen or is
totaled in an
accident.
In the case
of an automobile that is
totaled in an
accident, for example, the insurance company would typically pay the actual cash value
of the vehicle after determining its replacement
cost and subtracting factors such as depreciation and wear and tear.
But if the
accident hadn't happened and you hadn't ended up in the hospital, your
total costs for the year would have been higher on the plan with PCP visits subject to the deductible ($ 675, instead
of $ 435).
For a $ 250,000 policy for a 40 year old male, an Accidental Death Benefit rider for an additional $ 250,000
of coverage in case
of accident (for a
total of $ 500,000) would
cost between $ 150 - $ 250 depending on which life insurance company you choose.
If a fire or other
accident leaves your home a «
total loss,» this coverage provides for the
cost of replacing your home at its current value, rebuilding to code, and Ordinance & Law.
Car insurance premiums are based partly on the price
of the vehicle, which affects the replacement
cost if it is stolen or «
totaled» in an
accident.
Even the
cost of modification made in your house and vehicle for combating any Permanent
Total Disability (PTD) or dismemberment caused due to
accident is paid under this policy
If your insurance coverage is not sufficient to cover the
total balance
of the
costs incurred in an
accident, you will be held liable for the remainder
of the balance.
In a serious
accident where your leased vehicle is judged unrepairable and is considered a «
total loss», insurance companies are often likely to be stuck for the vehicle's actual cash value, rather than for the
cost of repairing the vehicle.
Using the above example, if the
accident that Driver A caused did a
total of $ 4,000 in body damage to Driver B's car, Driver A's Property Damage Liability insurance would pick up this
cost.
This is an onerous responsibility, as statistics show that teens are three times more likely to have an
accident than older drivers and they account for nearly 30 percent
of the
total costs of vehicle related injuries.
If Person 1's medical bills
total $ 40,000, Person 2's
cost $ 30,000 and Person 3's
cost $ 25,000, you're likely covered, as each person's bills were under $ 50,000 (your bodily injury limit per person), and the
total cost of injuries is $ 95,000, which is lower than your $ 100,000 bodily injury limit for a single
accident.
They have well - trained claims adjusters who can quickly determine the
cost of damages sustained in
accidents, decide when it is wise to repair a car and when it makes more sense to
total it, and give us loaner cars in the meantime while they sort it all out for us.
Even the
cost of just replacing a car that gets
totaled in an
accident quite often exceeds $ 25,000 because the price
of new vehicles has climbed so much over the years.
By choosing a higher deductible you are asserting that you will pay a bigger percentage
of the
total cost in case
of an
accident.
This form
of coverage will cover the
total cost of your repairs from an
accident, regardless
of who is considered to be at fault in an
accident.
Collision coverage protects the Ames car insurance policy holder in the event
of damage to the covered vehicle in an
accident, paying out for the
total cost of damages less deductible.
However, when you are involved in an
accident, who would pay for the repair
costs of the car or the replacement
costs if the car is declared
totaled in the
accident?
If you are responsible for an
accident in Indiana that destroys a car and sends three people to the hospital, your available insurance will cover the first two people who file a claim, up to a
total of $ 25,000 in medical payments and liability
costs, and up to $ 10,000 in property damage
costs.