my vehicle was damaged by a garage collapsing am i liable for the deductible since my insurance company will be filing claim against garage owners insurance
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UPDATED: Aug 21, 2018
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Insurance Question from Carrollton, TX
Asked on 08/21/2018
my vehicle was damaged by a garage collapsing am i liable for the deductible since my insurance company will be filing claim against garage owners insurance see above
Answer given on August 27, 2018
If your vehicle was damaged due to a collapse of a building you don’t own, and your insurance company is handling the claim for damages to the vehicle, you will be subject to the deductible under your policy. However, your insurance company will be subrogating against the owner of the building for the damages they have paid for your vehicle. If your insurance company can collect all damages from the other insurance company, your insurance company will reimburse you for the deductible under your policy. If your insurance company only collects a portion of the amount they paid out for your vehicle, they will only get a portion of your deductible and they will pay you that percentage of the deductible. It is most likely they will receive full payment from the other insurance company unless there are several other vehicles involved and the insurance coverage for damage to others is insufficient. If that is the case then your insurance company will only get a percentage of the damages for your vehicle.
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