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Get your insurance company involved Posted by Bill Homer [Email]  (#3427) [Profile/Gallery]
(more from Bill Homer) on Sun, 26 Sep 2004 05:49:05
In Reply to: Other guy's insurance..car was rear ended while stopped, AlexA, Sat, 25 Sep 2004 19:07:30 Members do not see ads below this line. - Help Keep This Site Online - Signup |
First, talk to your agent to make sure that getting your company involved will not affect your rates - mine confirmed that it wouldn't (State Farm).
When my car was totaled (100% other driver's fault), the other company tried to lowball me on the value of my car. Granted, a 1994 9000CS Turbo is not as collectable as a red SPG, but it was also in exemplary condition and worth more to me than their offer. They wouldn't explain how they arrived at their offer, claimed that they had their own database of recent comparable sales. I also tried to fax them values from NADA, Kelly and Edmunds, along with ads for comparable cars, demanded the inclusion of sales tax and registration fees (a state law), but they wouldn't budge, didn't return calls, kept sending me fedex letters confirming our agreement (BS!) and demanding that I sign off in order to settle my claim.
OK, time to get my insurance company involved. Note that I have had the same policy for almost 20 years, which may or may not have helped. They sent an adjuster to look at the car, confirmed its overall condition, looked at the damage, and made me an offer that was 50% better, but subtracted my collision deductable ($500). I said OK, signed a form and had a check the next day. Meanwhile, they are "subrogating" (negotiating) my claim with the other company and supposedly attempting to get my deductable returned. If they fail to do so, they say I have the right to sue the other party (not likely for $500).
Remember that the other party's insurer has only one goal: to keep as much of their premiums as possible, which means paying out as little as possible. You are not their client, they are trying to keep their client out of court at the lowest possible price.
posted by 69.209....
, Sun, 26 Sep 2004 05:49:05 <-- Viewing This Message
, Sat, 25 Sep 2004 10:16:45
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