I had AIG as my auto insurance. Few months ago, we had an auto accident. If AIG is in bankruptcy, will they pay out the claim if any? Also, should we switch out the AIG to other insurance company for our auto insurance?
7
Apr
Apr
If AIG goes under, what will happen to my auto insurance policy?
Posted by Admin in Wednesday, April 7th 2010 2 comments already
Related Post
- What are some good auto insurance companies to go with? (May 14th, 2011)
- Can the auto insurance refuse to repair my car, and give me the car value? (May 12th, 2011)
- What to do if i just got into an accident and i have liability auto insurance? (May 10th, 2011)
- Is an international drivers license good enough to buy a car and auto-insurance (while waiting)? (May 8th, 2011)
- If you switch from one auto insurance company to another does it look bad? (May 6th, 2011)
- how can I get a fair replacement cost by the auto insurance company when my car is totaled? (May 2nd, 2011)
- Does the clerk of courts really check auto insurance policy numbers when you submit proof of insurance? (April 30th, 2011)
- What to do if you find out you auto insurance was canceled after an accident? (April 28th, 2011)
- Can I get Auto Insurance if I let it lapse? (April 26th, 2011)
Spread the word
2 Comments Already
BlueSurfr Said,
April 7th, 2010 @11:49 pm
File a claim and see what happens. Maybe you can find another insurance company going forward.
Insurance companies put reserves on claims. If the claim happened a few months ago it should be settled unless there was a lawsuit filed. I would imagine that AIG will sell off the auto insurance policies to another company (this is actually fairly common just not advertised a lot). If you have a local agent you should call them and ask them about the status of your claim and also about your auto insurance.