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#1
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Underinsured motorist at fault in accident- any suggestions to comeout
Hi all,
I met with the accident in Texas.I was at fault in the accident. I hit the pickup truck in the rear end corner .The driver hit bushes on side of road.No1 injured in the accident So, far the insurance claim had come up to 35000$.The other persons insurance company is paying them and sent the estimate to my company. I am covered by my company for a liability of only 15000$. Claims does not sound to be reasonable from the visible damages I had seen. I am not sure how to handle this. Should I approach an attorney for solving this? What are the chances of other insurance suing me for the remaining amount? ....As a final option, I am thinking of filing a bankruptcy.If I do so, wat major problems will I face? Any guidance would be great. Thanks and Regards, Vinoth |
#2
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Underinsured motorist at fault in accident- any suggestions tocome out
> I hit the pickup truck in the rear end corner .The driver hit bushes
> on side of road. > So, far the insurance claim had come up to 35000$. Most pick-up trucks aren't worth $35,000. You need a different value estimator. > Should I approach an attorney for solving this? Your insurance should be doing that for you. You shouldn't be billed for more than the sale price of the truck. It sounds like you are being swindled. > ....As a final option, I am thinking of filing a bankruptcy.If I do so, > wat major problems will I face? You would be in bankruptcy, which is a big problem. |
#3
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Underinsured motorist at fault in accident- any suggestions to come out
"Alexander Rogge" > wrote in message ... >> I hit the pickup truck in the rear end corner .The driver hit >> bushes >> on side of road. >> So, far the insurance claim had come up to 35000$. > > Most pick-up trucks aren't worth $35,000. You need a different > value estimator. Why do you think that? Have you priced a full sized diesel pick-up truck lately? Without more information (truck model, age, options, damage, etc.) it is impossible to say that what the replacement cost might be. I also suspect there might be injury charges included. No matter how minor the accident some people develop ailments that they attribute to the accident. My son was in a extremely minor incident (his foot slipped off the brake and he rolled forward and touched a car in front at a light). There was absolutely no property damage, not even a scratch on a bumper, yet the driver of the car he touched is claming a neck injury and suing for damages. >> Should I approach an attorney for solving this? > > Your insurance should be doing that for you. You shouldn't be > billed for more than the sale price of the truck. It sounds like > you are being swindled. Could be. However, an insurance company is not necessarily looking out for your best interest. They only care about their best interest. Another example. My other son was in a parking lot accident that I felt was mostly the other drivers fault. My son was turning into a parking space and a car tried to pass him on the right as he was parking, resulting in damage to the side of my Son's car and the front of the other vehicle. The police investigated and noted my son did not use his turn signal. The police ignored witnesses who described the accident. I contacted the insurance company and was assured that my son was not at fault and that they would not pay any claim by the other party. Unfortunately they also explained that under North Carolina law the other party would not have to pay either, since it was obvious both parties were at least partially liable. I was not ahppy, but let it go. A few months later, when I got my insurance bill, I was shocked to see a large increase. When I queried the company, I was told that the rates had increased becasue they had paid out after an accident (my Son's parking lot accident). It turns out the other party in the accident had hired a lawyer and was threatening to sue and my insurance company just paid the claim rather than fight. They never told me that they were going to do this. I understand that this is their right. However, if I had known they were going to treat the claim this way, I would have hired my own lawyer and sued the other party under the same basis. >> ....As a final option, I am thinking of filing a bankruptcy.If I do >> so, >> wat major problems will I face? > > You would be in bankruptcy, which is a big problem. If you have no money, and no insurance, the other party is unlikely to sue, particularly if they are running a scam. Not much profit in suing poor people with bad insurance. I think it is silly of you to have such low liability limits. $15K would barely cover the cost of a modern stripper (Corolla S, Focus, Honda Fit, etc.). Ed |
#4
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Underinsured motorist at fault in accident- any suggestions to come out
In article <478b8bed$1@kcnews01>,
C. E. White > wrote: > >attribute to the accident. My son was in a extremely minor incident >(his foot slipped off the brake and he rolled forward and touched a >car in front at a light). There was absolutely no property damage, not >even a scratch on a bumper, yet the driver of the car he touched is >claming a neck injury and suing for damages. The only ailment that driver has, if the situation is as you say, is extreme greed exacerbated by the smell of money. -- There's no such thing as a free lunch, but certain accounting practices can result in a fully-depreciated one. |
#5
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Underinsured motorist at fault in accident- any suggestions to come out
"Scott in SoCal" > wrote in message ... >>The only ailment that driver has, if the situation is as you say, is >>extreme greed exacerbated by the smell of money. > > Ersatz conclusion. How can you possibly make that determination > based > solely on *one* side of the story? Matthew did qualify his statement with "if the situation is as you say." From where I sit, I think it is probably an accurate conclusion. Both car were at a light, my son's foot slipped off the brake and his Accord rolled a couple of feet forward into the back of the Mercedes. There was no physical damage of any kind, not even a scratch (the Police report lists the speed at impact as 2 mph). Ironically after the "accident" was over, my son drove to McDonalds. In the drive thru lane he was behind the same car. The insurance company doesn't have any incentive to fight this sort of petty fraud assuming the driver of the Mercedes isn't too greedy. If they can make it go away for a few thousand dollars, then that will be the cheapest way for them. They'll just jack up my sons rates and call it even. Ed |
#7
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Underinsured motorist at fault in accident- any suggestions to come out
Vinoth:
> Hi all, > > I met with the accident in Texas.I was at fault in the accident. First off, I am not a lawyer, so any advice you recieve from this post is worth what you paid for it. > I hit the pickup truck in the rear end corner .The driver hit bushes > on side of road.No1 injured in the accident > > So, far the insurance claim had come up to 35000$.The other persons > insurance company is paying them and sent the estimate to my company. Those must be some expensive bushes. Or was the truck painted with gold? There's something fishy about that claim and I suspect some bill padding was done. > I am covered by my company for a liability of only 15000$. > > Claims does not sound to be reasonable from the visible damages I had > seen. I agree. > I am not sure how to handle this. > > Should I approach an attorney for solving this? If it would make you feel better, then by all means do so. Talking to the lawyer would only cost you his fees and he can provide you with better advice than anyone here can. > What are the chances of other insurance suing me for the remaining > amount? > > ...As a final option, I am thinking of filing a bankruptcy.If I do so, > wat major problems will I face? See what your insurance company and the other one do first. They may just write it off and be done with it. > Any guidance would be great. -- "Mc Gruff the Crime Dog has been missing for about two weeks, now. He was last seen sniffing around Michael Vick's House..." --Jay Leno |
#8
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Underinsured motorist at fault in accident- any suggestions tocome out
On Jan 14, 7:43*am, necromancer
> wrote: > *Vinoth: > > > Hi all, > > > I met with the accident in Texas.I was at fault in the accident. > > First off, I am not a lawyer, so any advice you recieve from this post > is worth what you paid for it. > > > I hit the pickup truck in the rear end corner .The driver hit bushes > > on side of road.No1 injured in the accident > > > So, far the insurance claim had come up to *35000$.The other persons > > insurance company is paying them and sent the estimate to my company. > > Those must be some expensive bushes. Or was the truck painted with gold? > There's something fishy about that claim and I suspect some bill padding > was done. > > > I am covered by my company for a liability of only 15000$. > > > Claims does not sound to be reasonable from the visible damages I had > > seen. > > I agree. > I suspect an examination of the claim will have medical claims included. As to the insurance. I didn't know you could even get insurance with such a piddling coverage. My first policy back in 54 I paid extra to boost the minimum to 100,000 which was high for those days. I was driving a junker 38 chev at the time working for minimum wage. Harry K |
#9
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Underinsured motorist at fault in accident- any suggestions tocome out
On Jan 14, 6:25*pm, Scott in SoCal > wrote:
> On Mon, 14 Jan 2008 08:52:51 -0800 (PST), Harry K > > > wrote: > >As to the insurance. *I didn't know you could even get insurance with > >such a piddling coverage. * > > The state minimum in Florida is a ridiculous $10,000. > -- > "You can all kiss my @ss!" > * - Carl Rogers, Message-ID: > Why have a mandatory insurance at all? Or is it even mandatory? Harry K |
#10
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Underinsured motorist at fault in accident- any suggestions tocome out
On Jan 14, 9:11*pm, Harry K > wrote:
> On Jan 14, 6:25*pm, Scott in SoCal > wrote: > > > On Mon, 14 Jan 2008 08:52:51 -0800 (PST), Harry K > > > > wrote: > > >As to the insurance. *I didn't know you could even get insurance with > > >such a piddling coverage. * > > > The state minimum in Florida is a ridiculous $10,000. > > -- > > "You can all kiss my @ss!" > > * - Carl Rogers, Message-ID: > > > Why have a mandatory insurance at all? *Or is it even mandatory? > > Harry K It is in many states. Here in MO a conviction for no insurance carries a harsher fine than first-time DUI. |
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