Car luck, insurance 500 liability. Guy at defect requirements to take-home pay for damages?
Keep in mind my boyfriend or his sister and not on my policy.
On friday my boyfriend sister was driving my vehicle they were behind a guy and adjectives the sudden this guys decides to stop in the middle of the street to posterior up in reverse and hits my car they. He states he looked and did not appear them.
At that time he stated he didn't have insurance and he was not getting it till the following morning and to not report the accident. We didn't believe him so my boyfriend decided to nickname the police and insurance company. We filled all the critical things.
He called us today to let us know he have insurance now. We know that that is zilch the accident happened formerly already. He stated to us he needs to "settle this or else his license will be suspended for a year" ( I don't know who call him or who told him this)
My insurance on Friday told me you have a 500 dollar liability and we basically I pay cheque up 500 for the damages and they take care of the rest. They stated they will cover it ( I be suprised since they are not on the policy) I told the insurance that the guy had stated he had no insurance and she said ohh no after we are not going to get anything back?
So I am super confused. I want to adopt this guys money to repair it, but if they want to suspend his license I have nothing to do beside that. I think he wants me to notify the insurance hey he is going to discharge for it drop charges? but I dont think that is possible.
Please guidance
Answers:
Your question is so confused and confusing that I'm not sure where on earth to start, but...If the other driver had no insurance at the time of the accident, he desires to pay you for any damages he cause; insurance starting the subsequent day won't help him or you.
His license will be suspended by the DMV for not have insurance, and there's nothing he or you can do about that. It should stay suspended until he's salaried you in full.
I hope that "500 liability" you mention is $500,000 liability coverage; it you mean your deductible is $500 on collision, that's what you'll enjoy to shell out if he doesn't pay you.
Your $500 liability is a $500 deductible. In other words, for damage to your vehicle, you pay the first $500 contained by repairs and the insurance company pays the rest, up to the policy limits.
If your insurance pays to fix your car, they will most potential turn around and sue the other driver. Your insurance company can't suspend the other driver's license and you can't "drop the charges".
I think what you meant to read out was that you have a $500 deductible - this channel that you pay the first $500 of property damage and your insurance will cover the rest. This would be lower than the collision portion of your insurance (or possibly comprehensive, but most likely the collision coverage).
Just so you know, your liability insurance covers generally anyone who is driving the sports car with your permission, but since this situation lone involves the collision coverage to your car, the driver does not matter anyway.
You are right - the other driver is, as they articulate, "A day late and a dollar short." His insurance be not in affect at the time, and it will provide no coverage.
The reason your insurance rep said that the insurance company isn't going to seize anything back is because in insurance, insurance companies subrogate against the personage at fault. "Subrogate" means that your insurance company would remuneration you then go against the other driver's insurance (or the other driver personally) for the money it have to pay you. In this case, since the other driver have no insurance, your insurance company assumes he isn't worth the time and trouble of suing for compensation. (People with insurance are easy to sue because the money is right here for the taking, whereas people without insurance across the world do not have a lot of assets and so it make it not worth the time and money, usually).
There is nothing you can do or not do now as far as the other driver's license. The issue is already in the hands of the police. The prosecutors and / or DMV will not drop the business just because the other driver has offered to clear you.
If he is willing to pay (or if you want to threaten to sue), maybe you can get him to pay the $500 deductible. Again, it won't convert the legal effect of his not having insurance - and it won't prevent him from getting his license suspended. (Don't discern bad about it - he should hold had insurance. Plus, the fact that he know this is coming may indicate he has avoided getting insurance previously.)
If anyone in your vehicle be injured, that will be an entirely different situation. Property damage to the car and liability coverage are different. The injured human being would sue him personally, but if he had no applicable insurance (which it sounds similar to he didn't), then it will probably come back to your own insurance company for the damages due to injuries. The injured party will be best served by obtaining a lawyer. Source(s): I am a advocate who handles cases like these every daytime....
go with your gut/keep away from this guy and gain your stuff done/some times you can recover the deductible
He is responsible. He did something stupid. Do not lose any money because of him. Let him pay the $500 deductible for this, have your insurance company fix it and consent to them go after him for reimbursement.
If you let him only give you some money to fix it without insurance involvement, you may be liable if it never really get fixed. Also, if the cops were called, it's too behind schedule for him to weasel out of a suspended license.
Related Questions:
On friday my boyfriend sister was driving my vehicle they were behind a guy and adjectives the sudden this guys decides to stop in the middle of the street to posterior up in reverse and hits my car they. He states he looked and did not appear them.
At that time he stated he didn't have insurance and he was not getting it till the following morning and to not report the accident. We didn't believe him so my boyfriend decided to nickname the police and insurance company. We filled all the critical things.
He called us today to let us know he have insurance now. We know that that is zilch the accident happened formerly already. He stated to us he needs to "settle this or else his license will be suspended for a year" ( I don't know who call him or who told him this)
My insurance on Friday told me you have a 500 dollar liability and we basically I pay cheque up 500 for the damages and they take care of the rest. They stated they will cover it ( I be suprised since they are not on the policy) I told the insurance that the guy had stated he had no insurance and she said ohh no after we are not going to get anything back?
So I am super confused. I want to adopt this guys money to repair it, but if they want to suspend his license I have nothing to do beside that. I think he wants me to notify the insurance hey he is going to discharge for it drop charges? but I dont think that is possible.
Please guidance
Answers:
Your question is so confused and confusing that I'm not sure where on earth to start, but...If the other driver had no insurance at the time of the accident, he desires to pay you for any damages he cause; insurance starting the subsequent day won't help him or you.
His license will be suspended by the DMV for not have insurance, and there's nothing he or you can do about that. It should stay suspended until he's salaried you in full.
I hope that "500 liability" you mention is $500,000 liability coverage; it you mean your deductible is $500 on collision, that's what you'll enjoy to shell out if he doesn't pay you.
Your $500 liability is a $500 deductible. In other words, for damage to your vehicle, you pay the first $500 contained by repairs and the insurance company pays the rest, up to the policy limits.
If your insurance pays to fix your car, they will most potential turn around and sue the other driver. Your insurance company can't suspend the other driver's license and you can't "drop the charges".
I think what you meant to read out was that you have a $500 deductible - this channel that you pay the first $500 of property damage and your insurance will cover the rest. This would be lower than the collision portion of your insurance (or possibly comprehensive, but most likely the collision coverage).
Just so you know, your liability insurance covers generally anyone who is driving the sports car with your permission, but since this situation lone involves the collision coverage to your car, the driver does not matter anyway.
You are right - the other driver is, as they articulate, "A day late and a dollar short." His insurance be not in affect at the time, and it will provide no coverage.
The reason your insurance rep said that the insurance company isn't going to seize anything back is because in insurance, insurance companies subrogate against the personage at fault. "Subrogate" means that your insurance company would remuneration you then go against the other driver's insurance (or the other driver personally) for the money it have to pay you. In this case, since the other driver have no insurance, your insurance company assumes he isn't worth the time and trouble of suing for compensation. (People with insurance are easy to sue because the money is right here for the taking, whereas people without insurance across the world do not have a lot of assets and so it make it not worth the time and money, usually).
There is nothing you can do or not do now as far as the other driver's license. The issue is already in the hands of the police. The prosecutors and / or DMV will not drop the business just because the other driver has offered to clear you.
If he is willing to pay (or if you want to threaten to sue), maybe you can get him to pay the $500 deductible. Again, it won't convert the legal effect of his not having insurance - and it won't prevent him from getting his license suspended. (Don't discern bad about it - he should hold had insurance. Plus, the fact that he know this is coming may indicate he has avoided getting insurance previously.)
If anyone in your vehicle be injured, that will be an entirely different situation. Property damage to the car and liability coverage are different. The injured human being would sue him personally, but if he had no applicable insurance (which it sounds similar to he didn't), then it will probably come back to your own insurance company for the damages due to injuries. The injured party will be best served by obtaining a lawyer. Source(s): I am a advocate who handles cases like these every daytime....
go with your gut/keep away from this guy and gain your stuff done/some times you can recover the deductible
He is responsible. He did something stupid. Do not lose any money because of him. Let him pay the $500 deductible for this, have your insurance company fix it and consent to them go after him for reimbursement.
If you let him only give you some money to fix it without insurance involvement, you may be liable if it never really get fixed. Also, if the cops were called, it's too behind schedule for him to weasel out of a suspended license.
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