A company sports car hit me and is giving me a check for the damages, can I stir through my insurance company?
The check was made out to me but its not from thier insurance company its a personell check from them. My insurance company knows who hit me and said they will fix it but I hold to pay the deductible. Can I take the check from the company that hit me and hold my insurance company fix my car?
Answers:
You can but you run the risk of getting caught. Because there is a unsystematic after your insurance company fixes your car, That they will try and recover near money from the guy that hit you. So when they sue him and he produces a check made out to you that you cashed you may be in hot water...............md
That's douible dipping. You're collecting from two different entities for like damage. That's not a good concept. You will end up having to clear somebody back. You need to choose between going through your own company or the adverse do. What you can do is ask the responsible party to issue you a check in the amount of your deductible and doesn`t matter what rental charges you will incur. That way you are not out of pocket for any of the repairs. You can exchange the original check they give you for the new one. I would also ask for a cashier's check if it's not a check from the insurance carrier. This is better than going through your own company for the rental because your own policy may enjoy some limits as to how much they will pay for rental and may not cover the entire day by day rate and taxes. The responsible party owes you for reasonable rental while the vehicle is surrounded by the shop undergoing repairs (if your vehicle is driveable post accident) plus tax (usually gas, milease and insurance charges are your responsibility no thing who pays). You are entitled to reimbursement for a rental of like kind and standard to the vehicle you had been driving at the time of the chance. Source(s): 27 years of handling insurance claims.
Yes you can.
Well, you can, but it will backfire. See, you can't "double dip", legally. What your company is going to do, is contact them and read out, hey, you did the damage, you need to pay packet us back what we paid out. Then they're going to speak, no, we don't, because we ALREADY paid Joe! Here's a copy of the cancelled check. Then, your insurance company is going to contact you and say, hey, you owe US that money. And next, even if you pay them back, they're going to non-renew your policy.
So it's a bleak idea to try to play that one.
You cannot collect twice for the same damages.
Otherwise, you company fixes the car, and tries to collect from the other insurance company. The adjuster for that other company call for a statement, and finds the insured has paid for the damages directly, and you seize a VERY nasty call from your insurer, and accusation of attempting insurance fraud.
If you have accepted the cheque, the thing is legally done, if you try to get the repairs through insurance, and also change the cheque, it is a blatant attempt to profit from the accident.
Try to concord it out of pocket, otherwise insurance rates will go up much more. You can check how quotes will change here - car-insurance.66ghz.com
There are lots of sites where you can achieve an online quote. http://www.autoadviceonline.com/Auto-Insurance-Quote.html It only takes roughly 10 minutes to do.
Related Questions:
Answers:
You can but you run the risk of getting caught. Because there is a unsystematic after your insurance company fixes your car, That they will try and recover near money from the guy that hit you. So when they sue him and he produces a check made out to you that you cashed you may be in hot water...............md
That's douible dipping. You're collecting from two different entities for like damage. That's not a good concept. You will end up having to clear somebody back. You need to choose between going through your own company or the adverse do. What you can do is ask the responsible party to issue you a check in the amount of your deductible and doesn`t matter what rental charges you will incur. That way you are not out of pocket for any of the repairs. You can exchange the original check they give you for the new one. I would also ask for a cashier's check if it's not a check from the insurance carrier. This is better than going through your own company for the rental because your own policy may enjoy some limits as to how much they will pay for rental and may not cover the entire day by day rate and taxes. The responsible party owes you for reasonable rental while the vehicle is surrounded by the shop undergoing repairs (if your vehicle is driveable post accident) plus tax (usually gas, milease and insurance charges are your responsibility no thing who pays). You are entitled to reimbursement for a rental of like kind and standard to the vehicle you had been driving at the time of the chance. Source(s): 27 years of handling insurance claims.
Yes you can.
Well, you can, but it will backfire. See, you can't "double dip", legally. What your company is going to do, is contact them and read out, hey, you did the damage, you need to pay packet us back what we paid out. Then they're going to speak, no, we don't, because we ALREADY paid Joe! Here's a copy of the cancelled check. Then, your insurance company is going to contact you and say, hey, you owe US that money. And next, even if you pay them back, they're going to non-renew your policy.
So it's a bleak idea to try to play that one.
You cannot collect twice for the same damages.
Otherwise, you company fixes the car, and tries to collect from the other insurance company. The adjuster for that other company call for a statement, and finds the insured has paid for the damages directly, and you seize a VERY nasty call from your insurer, and accusation of attempting insurance fraud.
If you have accepted the cheque, the thing is legally done, if you try to get the repairs through insurance, and also change the cheque, it is a blatant attempt to profit from the accident.
Try to concord it out of pocket, otherwise insurance rates will go up much more. You can check how quotes will change here - car-insurance.66ghz.com
There are lots of sites where you can achieve an online quote. http://www.autoadviceonline.com/Auto-Insurance-Quote.html It only takes roughly 10 minutes to do.
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