A trailer truck hit me and the insurance company is offering me what seem to be a lame business, can they do this
It hit me and the police report said its his fault. I have no insurance so the trucks insurance company looks at my motor and says the care is worth $1,500 but the wreckage is $3,700. so they say they can either whip my car and give me $1,700 for it or I preserve it and they give me $1,200
I don't see how thats helping me. It seems close to I am coming out worse. If I keep the car and they administer me the 1,200 how will I get my car fixed if the damge is worth 3,700?
Can they do this or are they trying to procure over
Answers:
Hell no don't pinch that offer tell them your calling your attorney. And call one you suffered because of the negligence of that truck driver and all here offering you is a little over a grand forget that. Were you injured also? I would find a attorney asap and sue them for every penny they owe for damages and if you were injured more. Good Luck
The first issue is why are you driving without insurance? Do you even have a clue what a risky position you are within? Next thing....take your motor to a couple shops for estimates on the damage and then you will see how much they should be paying for the repairs.If the harmed truly is more than the worth of the vehicle, they will "total" it and pay the value of the saloon...not the amount of the damage estimate. Was a police report filed? If not you should do so ASAP. In citation to your comment on why you don't have insurance....You can't afford NOT to have it. Are you really inclined to risk all you have surrounded by hopes that you are not found to be at fault in a crash? I dream up it foolish to do so as it is illegal in most areas to drive in need it. I also don't like reading about the outcome for someone injured by a driver in need coverage. Their life is ruined by debt that can't be paid by the creature who caused the problem because they "couldn't afford insurance". How would you feel if the other entity had no insurance? You wouldn't be getting squat.
Here's the deal: not a soul is going to give you more than your car is worth (duh). Secondly, the state REQUIRES that the vehicle be declared a total loss if costs to repair exceed the appeal -- it's a law. The fact that the insurance company is ready to give you $1,700 for a $1,500 car is a buy and sell (you could not have sold it for as much) so take it, buy another $1,500 coup¨¦ and get on with your duration.
P.S. -- to all you morons advising to hire a attorney, get a clue; a lawyer will lone take HALF of the settlement to handle the paperwork. He cannot sort the claim worth more than it is. Source(s): Claims guy
call the insurance commision and they can
advise you...
What they are trying to tell you is that the damages to your car exceed the importance of your car. They can do this. They don't have to repair the motor if this happens. What you can do is fight and try to capture more money for your car.
Let the insurance company keep the wreck and buy yourself another coup¨¦.
When the value of the car is smaller amount than the estimate to fix the car, the car is considered a total loss, even if the motor is still driveable. The insurance company will usually offer you current market effectiveness for the vehicle, with adjustments for mileage, condition, and any previous disrupt.
Since you had no insurance, you are lucky you were not arrested. In my nouns of the woods, you would have been arrested for damp squib to provide insurance.
You do not have to accept the money, but the insurance company also does not hold to give you a higher present. Source(s): Totalled 3 vehicles. Known many others who also enjoy totalled vehicles.
And I ALWAYS keep insurance on my vehicle.
The insurance company is only obligated to retribution you the Actual Cash Value of the car. Actual Cash Value is replacement cost less depreciation. Seems close to your car is pretty well depreciated and singular WORTH $1500, regardless of how much it costs to repair it.
So - your choices are simple: 1) take the $1700, buy another $1500 car and put $200 towards your insurance 2) lug the $1200 and drive a wrecked car and maybe you can return with your friends to repair it with salvage yard parts plenty to get you by or 3)keep writing to answer boards for their opinions.
You can clutch some of these folks answers, hire an attorney and he'll charge 30-40% plus expenses and you get $850 and STILL don't have a coup¨¦!
Take door number 1 and get on with your enthusiasm!
Good lucka nd I hope this helps! Source(s): Insurance agent for 27+ years
this is legal, they are not going to pay more than the coup¨¦ is worth so they will total it out
They own totaled your car, and are offering you fair flea market value for it, and once they give you that, the sports car becomes the property of the insurance company. Or, you can buy it back for salvage attraction and keep it. That is why there are two offer on the table.
Since you had no insurance, they really don't need to grant you anything. Without insurance, you should not have been out near in the first place, and if you hadn't been, the disaster would not have happened.
I'd suggest you run the deal before they cancel it, and once you have a car again, don't drive unless you are fully legally recognized, which includes insurance.
yea they will only give u what the coup¨¦ is worth blue book u should of had insurance yourself to cover repairs total the car and receive a new one
Yes they can do this. Your vehicle is only worth the 1,500, that is what they will pass to you. Some people choose to keep their vehicle and fix it. In your case it would not be a good theory, because the estimates are already higher than the value of the sports car. Take the 1,500 and get a new sports car. There is not much you can due. You can get a lawyer, but you will not draw from more than the value of your car.
Everyone keep saying you should have insurance, and I agree next to them. But having insurance wouldn't change the situation you are surrounded by now. If it was the trucks quirk, his insurance will pay not yours. Hello, think individuals!
I was in a similar situation. My coup¨¦ was totalled and the insurance company offered me $6500 for it. No options, that be it. I wrote to them disputing their assessment, and they told me that what they offered WAS the current market value.
So, what I did be went back through some recent the media from both classified ads and car merchant ones. I took all the ones that were similar age/kms to my own, and upheld my claim for $8500 be the current market value base on ads.
My insurance company came hindmost with a once-only, now-or-never offer of $7500. I be pissy about it, but took the offer and get on with life.
EIT: Oooops, almost forgot. It is critically key to actually BE right. Having a mate say "its worth more" isn't what insurance companies whip into account when estimating values. The data they own will disappoint almost anyone, saying vehicles are worth smaller quantity than a hopeful owner feels is right.
Since the cost to repair the car exceeds the market importance of the car -- your car is a total loss.
The other company does not owe you the amount of mar -- they owe you the market value of your vehicle.
The reason for the different offers: when the company total losses the vehicle - in essence - they buy the car from you. They after take the car to a salvage courtyard and sell it for parts to re-coop some of the money they paid you.
If you choose to hang on to the car - they do not have the vehicle to deal in for parts - you do. So they deduct what they think they could hold gotten for the car at the salvage auction and give you the motor and the difference. What you do with the car is up to you. They don't fastidiousness if you fix it or turn it into a lawn ornament.
It sounds resembling what the company is doing is legit. Source(s): Insurance Adjuster 12 years
they will try to give you the tiniest they can, get a lawyer
Not being competent to afford insurance is not a valid excuse for driving without it. This accident shows why you can't afford to drive next to no insurance. When you have insurance, you have a company beside a vested interest in gettin you taken care of, and, if you are not at defect, they have a law department to punch-up for you. The other insurance company is not there to help you.
By the passageway, if the accident was your quirk, you, personally would be on the hook for their damages, and any injuries. There are people paying rotten hundreds of thousands of dollars, and in one case I know of, 3 million dollars surrounded by uninsured damages.
You don't say what your car is, but any motor can be damaged beyond the value, surrounded by which case the pay-out stops at the actual cash appeal of the car at the time of the accident.
If you can show vehicle of same make, model, options, mileage, and conditions are in actual fact selling for more than their valuation, you can ask for more.
Typical ins tactic. You MAY have to whip them to court to get what's fair. I hold done it before.
Related Questions:
I don't see how thats helping me. It seems close to I am coming out worse. If I keep the car and they administer me the 1,200 how will I get my car fixed if the damge is worth 3,700?
Can they do this or are they trying to procure over
Answers:
Hell no don't pinch that offer tell them your calling your attorney. And call one you suffered because of the negligence of that truck driver and all here offering you is a little over a grand forget that. Were you injured also? I would find a attorney asap and sue them for every penny they owe for damages and if you were injured more. Good Luck
The first issue is why are you driving without insurance? Do you even have a clue what a risky position you are within? Next thing....take your motor to a couple shops for estimates on the damage and then you will see how much they should be paying for the repairs.If the harmed truly is more than the worth of the vehicle, they will "total" it and pay the value of the saloon...not the amount of the damage estimate. Was a police report filed? If not you should do so ASAP. In citation to your comment on why you don't have insurance....You can't afford NOT to have it. Are you really inclined to risk all you have surrounded by hopes that you are not found to be at fault in a crash? I dream up it foolish to do so as it is illegal in most areas to drive in need it. I also don't like reading about the outcome for someone injured by a driver in need coverage. Their life is ruined by debt that can't be paid by the creature who caused the problem because they "couldn't afford insurance". How would you feel if the other entity had no insurance? You wouldn't be getting squat.
Here's the deal: not a soul is going to give you more than your car is worth (duh). Secondly, the state REQUIRES that the vehicle be declared a total loss if costs to repair exceed the appeal -- it's a law. The fact that the insurance company is ready to give you $1,700 for a $1,500 car is a buy and sell (you could not have sold it for as much) so take it, buy another $1,500 coup¨¦ and get on with your duration.
P.S. -- to all you morons advising to hire a attorney, get a clue; a lawyer will lone take HALF of the settlement to handle the paperwork. He cannot sort the claim worth more than it is. Source(s): Claims guy
call the insurance commision and they can
advise you...
What they are trying to tell you is that the damages to your car exceed the importance of your car. They can do this. They don't have to repair the motor if this happens. What you can do is fight and try to capture more money for your car.
Let the insurance company keep the wreck and buy yourself another coup¨¦.
When the value of the car is smaller amount than the estimate to fix the car, the car is considered a total loss, even if the motor is still driveable. The insurance company will usually offer you current market effectiveness for the vehicle, with adjustments for mileage, condition, and any previous disrupt.
Since you had no insurance, you are lucky you were not arrested. In my nouns of the woods, you would have been arrested for damp squib to provide insurance.
You do not have to accept the money, but the insurance company also does not hold to give you a higher present. Source(s): Totalled 3 vehicles. Known many others who also enjoy totalled vehicles.
And I ALWAYS keep insurance on my vehicle.
The insurance company is only obligated to retribution you the Actual Cash Value of the car. Actual Cash Value is replacement cost less depreciation. Seems close to your car is pretty well depreciated and singular WORTH $1500, regardless of how much it costs to repair it.
So - your choices are simple: 1) take the $1700, buy another $1500 car and put $200 towards your insurance 2) lug the $1200 and drive a wrecked car and maybe you can return with your friends to repair it with salvage yard parts plenty to get you by or 3)keep writing to answer boards for their opinions.
You can clutch some of these folks answers, hire an attorney and he'll charge 30-40% plus expenses and you get $850 and STILL don't have a coup¨¦!
Take door number 1 and get on with your enthusiasm!
Good lucka nd I hope this helps! Source(s): Insurance agent for 27+ years
this is legal, they are not going to pay more than the coup¨¦ is worth so they will total it out
They own totaled your car, and are offering you fair flea market value for it, and once they give you that, the sports car becomes the property of the insurance company. Or, you can buy it back for salvage attraction and keep it. That is why there are two offer on the table.
Since you had no insurance, they really don't need to grant you anything. Without insurance, you should not have been out near in the first place, and if you hadn't been, the disaster would not have happened.
I'd suggest you run the deal before they cancel it, and once you have a car again, don't drive unless you are fully legally recognized, which includes insurance.
yea they will only give u what the coup¨¦ is worth blue book u should of had insurance yourself to cover repairs total the car and receive a new one
Yes they can do this. Your vehicle is only worth the 1,500, that is what they will pass to you. Some people choose to keep their vehicle and fix it. In your case it would not be a good theory, because the estimates are already higher than the value of the sports car. Take the 1,500 and get a new sports car. There is not much you can due. You can get a lawyer, but you will not draw from more than the value of your car.
Everyone keep saying you should have insurance, and I agree next to them. But having insurance wouldn't change the situation you are surrounded by now. If it was the trucks quirk, his insurance will pay not yours. Hello, think individuals!
I was in a similar situation. My coup¨¦ was totalled and the insurance company offered me $6500 for it. No options, that be it. I wrote to them disputing their assessment, and they told me that what they offered WAS the current market value.
So, what I did be went back through some recent the media from both classified ads and car merchant ones. I took all the ones that were similar age/kms to my own, and upheld my claim for $8500 be the current market value base on ads.
My insurance company came hindmost with a once-only, now-or-never offer of $7500. I be pissy about it, but took the offer and get on with life.
EIT: Oooops, almost forgot. It is critically key to actually BE right. Having a mate say "its worth more" isn't what insurance companies whip into account when estimating values. The data they own will disappoint almost anyone, saying vehicles are worth smaller quantity than a hopeful owner feels is right.
Since the cost to repair the car exceeds the market importance of the car -- your car is a total loss.
The other company does not owe you the amount of mar -- they owe you the market value of your vehicle.
The reason for the different offers: when the company total losses the vehicle - in essence - they buy the car from you. They after take the car to a salvage courtyard and sell it for parts to re-coop some of the money they paid you.
If you choose to hang on to the car - they do not have the vehicle to deal in for parts - you do. So they deduct what they think they could hold gotten for the car at the salvage auction and give you the motor and the difference. What you do with the car is up to you. They don't fastidiousness if you fix it or turn it into a lawn ornament.
It sounds resembling what the company is doing is legit. Source(s): Insurance Adjuster 12 years
they will try to give you the tiniest they can, get a lawyer
Not being competent to afford insurance is not a valid excuse for driving without it. This accident shows why you can't afford to drive next to no insurance. When you have insurance, you have a company beside a vested interest in gettin you taken care of, and, if you are not at defect, they have a law department to punch-up for you. The other insurance company is not there to help you.
By the passageway, if the accident was your quirk, you, personally would be on the hook for their damages, and any injuries. There are people paying rotten hundreds of thousands of dollars, and in one case I know of, 3 million dollars surrounded by uninsured damages.
You don't say what your car is, but any motor can be damaged beyond the value, surrounded by which case the pay-out stops at the actual cash appeal of the car at the time of the accident.
If you can show vehicle of same make, model, options, mileage, and conditions are in actual fact selling for more than their valuation, you can ask for more.
Typical ins tactic. You MAY have to whip them to court to get what's fair. I hold done it before.
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