After a wreck can I except the partial claim from their insurance after my insurance fixed my vehicle?
They were found at fault. Their insurance merely wants to pay 70%. So I chock-full with my insurance who is paying 100% minus my 500 dollar deductible. My insurance the other day told me if they other company call me trying to get me to except the 70% not to take our they won't be capable of go after them for reimbursement. But this has be a pain from both insurance companies in my ***. Neither will wage for my rental car I'm out 500 bucks that was christmas money and the coincidence wasn't my fault nor was I given any tickets.
Now my piece if I take the 70% I get 1600 and I can pocket 1100. Say bite me to both of them. I surface I earned it.
Answers:
Wrong, dude. You CAN take the other companie's money but you will still be departed with a wrecked car and one and only 70% of the amount it takes to repair it. Your insurer is trying to help you (dummy) by repairing your saloon and it will only cost you $500. If you think for one second you can trick them into paying you twice later better get ready to spend that money on a security lawyer. They will find out and they will sue you and they will win.
By the way -- how the heck hold you EARNED this money? Source(s): Claims guy that hates liars and cheats.
If you draw from the money from both insurance companies, your current company will just have to come after you to attain the money back.
Good luck winning that one! There are probably criminal charges that would be in motion along with that too. My guess, but no attorney. But insurance fraud is not something I would want to face.
Matt
like the others said, you cant bring paid twice, it is illegal;
right presently you are out your $500 deductible and rental; technically you are owed 70% of your rental since they are only accepting 70% liability; but dont take that give; i am guessing that you dont have rental on your policy, or your company would have rewarded;
right now both companies are disputing liability; your company wants 100% to protect their interest; if they cannot agree on a numeral, both companies may go into arbitration; in arbitration, an independent 3rd party reviews all the facts and make a final determination that is binding to both parties; but arbitration resembling going to court takes time; usually the hearings are set 6 months contained by advance due to backlog;
if they dont arbitrate, it is not uncommon that respectively side will compromise; ie; split the difference; so maybe the other company may agree to 85%;
now if your company is unsuccessful surrounded by negotiating the liability and accepts the 70%, after you will be reimbursed your deductible by 70% or $350 and your company will receive 70% of what they paid to repair your car; if they dont submit your rental to them for reimbursement, later after your company settles with them, go to the other company for your "share" or the amount that both companies agree on for reimbursement of your rental;
lately be glad you had insurance; if not, you would enjoy been out roughly 1K of your own money with no recourse;
You can't collect twice, and make a profit, over the same coincidence. If your insurance covers it, they have the right to go after the at error company to be reimbursed. Just because they only want to accept 70% of the blame doesn't propose they can. Let your insurance fight with them over blame. If they oversee to collect 100% from the at fault company, you can get your deductible posterior then.
haha "youve earn it"
Youve got to be kidding me. You will be contained by deep sh*t if you take money from the other company after yours have already paid. Thats called double dipping and its ILLEGAL.
Sure, you may fool them long satisfactory to have them pay (if they havent communicated beside your company as much as they should) But when they find out you collected twice you can guarantee they will come after you in all routine possible to get their money back (b/c they already hold to pay your company back ) They will sue you, catch lawyers, and garnish wages until its collected.)
How ungrateful can you be? Your company is TRYING to lend a hand you and your trying to screw them over? They are going to FIGHT that other company to get your deductible back and that take time.
It cracks me up when idiots think they can fool the system. Actually- i want you to try to collect twice. It will be funny if you learn your lesson the easier said than done way. Only in america do inhabitants think they are owed money for every little hardship they progress through.
Related Questions:
Now my piece if I take the 70% I get 1600 and I can pocket 1100. Say bite me to both of them. I surface I earned it.
Answers:
Wrong, dude. You CAN take the other companie's money but you will still be departed with a wrecked car and one and only 70% of the amount it takes to repair it. Your insurer is trying to help you (dummy) by repairing your saloon and it will only cost you $500. If you think for one second you can trick them into paying you twice later better get ready to spend that money on a security lawyer. They will find out and they will sue you and they will win.
By the way -- how the heck hold you EARNED this money? Source(s): Claims guy that hates liars and cheats.
If you draw from the money from both insurance companies, your current company will just have to come after you to attain the money back.
Good luck winning that one! There are probably criminal charges that would be in motion along with that too. My guess, but no attorney. But insurance fraud is not something I would want to face.
Matt
like the others said, you cant bring paid twice, it is illegal;
right presently you are out your $500 deductible and rental; technically you are owed 70% of your rental since they are only accepting 70% liability; but dont take that give; i am guessing that you dont have rental on your policy, or your company would have rewarded;
right now both companies are disputing liability; your company wants 100% to protect their interest; if they cannot agree on a numeral, both companies may go into arbitration; in arbitration, an independent 3rd party reviews all the facts and make a final determination that is binding to both parties; but arbitration resembling going to court takes time; usually the hearings are set 6 months contained by advance due to backlog;
if they dont arbitrate, it is not uncommon that respectively side will compromise; ie; split the difference; so maybe the other company may agree to 85%;
now if your company is unsuccessful surrounded by negotiating the liability and accepts the 70%, after you will be reimbursed your deductible by 70% or $350 and your company will receive 70% of what they paid to repair your car; if they dont submit your rental to them for reimbursement, later after your company settles with them, go to the other company for your "share" or the amount that both companies agree on for reimbursement of your rental;
lately be glad you had insurance; if not, you would enjoy been out roughly 1K of your own money with no recourse;
You can't collect twice, and make a profit, over the same coincidence. If your insurance covers it, they have the right to go after the at error company to be reimbursed. Just because they only want to accept 70% of the blame doesn't propose they can. Let your insurance fight with them over blame. If they oversee to collect 100% from the at fault company, you can get your deductible posterior then.
haha "youve earn it"
Youve got to be kidding me. You will be contained by deep sh*t if you take money from the other company after yours have already paid. Thats called double dipping and its ILLEGAL.
Sure, you may fool them long satisfactory to have them pay (if they havent communicated beside your company as much as they should) But when they find out you collected twice you can guarantee they will come after you in all routine possible to get their money back (b/c they already hold to pay your company back ) They will sue you, catch lawyers, and garnish wages until its collected.)
How ungrateful can you be? Your company is TRYING to lend a hand you and your trying to screw them over? They are going to FIGHT that other company to get your deductible back and that take time.
It cracks me up when idiots think they can fool the system. Actually- i want you to try to collect twice. It will be funny if you learn your lesson the easier said than done way. Only in america do inhabitants think they are owed money for every little hardship they progress through.
Related Questions:
- In NY, what imperative states vehicle insurance co. can't force you to win work done where on earth they want you to budge.?
- I forget to renew my license, but i have an misfortune next to my vehicle..?? immediately will i cover the vehicle Insurance..?
- I enjoy a suspended license but own a vehicle, my wife currently have insurance on this vehicle contained by her signature?
- Regarding company vehicle within an coincidence and insurance issues!?
- I'm financing a vehicle, will the nouns loan cover motor insurance costs too?