quote:

Originally posted by fayraree oh--ok. As our buddy ChemEnhanced (from the insurance industry) mentioned, most insurance companies receive the voluntary collision reports from the collision centres (which is connected to the police). Therefore, if Fahad report-y, Fahad pay-y.

wtf

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i also had a small accident before and had to go to the collision centre and the insurance company called me and i told them that i wasn't going to make a claim. they were fine with it. just wanted to make sure.

when i had my second accident. i didn't make a police report just a claim. and insurance still paid for the damages.

what you are not getting is that when the girl goes through her insurance and reports you they will find your insurance company.

what happens with insurance is that each company pays their customer and the companies fight it out after for the money to get back from the company of the customer that was at fault.

with you not getting any of her info you are sort of shit out of luck because she can't contact you just her insurance. who the fuck knows, she may have no deductible and some sort of deal with her premiums.

i know that you want people to cheer you up so i will add as everyone has already that the most important thing is that you are ok.

Thanks, Margs! Another reason for my post was to also get advice about the best action to take and you guys are DEFINITELY helping by giving me insight that I didn't have before...

To clarify...

quote:

Originally posted by StereoPrincess i also had a small accident before and had to go to the collision centre and the insurance company called me and i told them that i wasn't going to make a claim. they were fine with it. just wanted to make sure.

Is that because the costs to repair the damages were less than your deductible? Also, did the insurance co. record this as an at-fault accident for you? Because that's what I'm trying to avoid here. Same question goes for your second example...were both of these the other person's fault? If so, you're clear! I, however, am not.

And yeah, if she goes to her insurance co., I'm fucked either way! The accident WAS my fault, after all, so I'm prepared for that consequence (which of course, is not as severe as Malek made it out to be). By not reporting, there's a chance I can get away with it...I think...

i don't know about Ontraio, but over nha hit and run is a grave offence.

anyhow, don't you worry, i'll pay you a visit in prison and bring you some shwartz

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Originally posted by malek anyhow, don't you worry, i'll pay you a visit in prison and bring you some shwartz

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Originally posted by malek i don't know about Ontraio, but over nha hit and run is a grave offence.

Here too, when there are significant damages, especially with bodily injury. Not a scuff on the bumper. (I think--a while ago when I called the police after something was stolen from my car, they didn't seem to care). If the lady complains about a scuff, during the first snow storm of the season when there were hundreds of more serious accidents on the highway, I have feeling they'll say, "ching-chong-chung, lady, we don't care"

Fahad

Listen man i know exactly what you are going through. Its the worst feeling in the world.

The most important part is that you are Alive and well. yes no one likes extra financial burdens but hey its only money and can be made back. If you were injured no money in the world would help you.

So dont think about it too much cause it will only stress you out.
Remember these things happen for a reason and everything will be ok in the end.

Party UPPP!!

see u in Montreal buddy

quote:

Originally posted by StereoPrincess what happens with insurance is that each company pays their customer and the companies fight it out after for the money to get back from the company of the customer that was at fault. with you not getting any of her info you are sort of shit out of luck because she can't contact you just her insurance. who the fuck knows, she may have no deductible and some sort of deal with her premiums. i know that you want people to cheer you up so i will add as everyone has already that the most important thing is that you are ok.

I really do try to stay out of insurance talk on weekends....i really do....but Margs you are wrong.....that is not how insurance works in ontario.....in the old days before No-Fault Insurance that is how it worked....but No-Fault Insurance stopped that....and believe it or not....actually helped lower insurance premiums.

I will try to explain this situation as how it would work in insurance. Our crazy MoFo Fahad here.....slips into the ass end of this biatch.....well the Ontario Government set out a set of rules as to who would be liable for the accident. The adjuster for this lady would look at the set of rules and note that Fault determination Rule 6 (2) would indicate that Fahad was at fault. This would mean as long as Fahad's insurance company writes insurance in Ontario or is licensed to write insurance in ontario that her claim would be handled under the Direct Compensation Portion of the auto policy. Under this section of the policy her own insurance company would pay for her damages plus a rental car if need be. Normally there is no deductible for Direct Compensation claims however, in some cases there are. So after her vehicle is fixed and her insurance company has paid for the damages then the claim is over. Her insurance company would not go back after Fahads company.....that is why it's called no fault.....because no matter who is at fault...you only deal with your insurance company and your insurance company will make all payments with no subrogation.

What the government was thinking when they introduced this crazy way of handling things was that in the insurance industry there was a lot of money flowing between each company for subrogation of auto claims. With the law of large numbers theory it basically works out that company A is asking for the same amount of money as company B from each other. By stopping this subrogation it saved money on administration costs which gets reflected in the premiums we pay.

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Scott has been introduced to the rave scene, and Ecstasy, by Craig. The two of them go out on the weekends, with some of Craigs friends, and stay up all night, dancing in a drug-fueled trance.

Last edited by Moral Hazard on Apr-26-2011 at 07:48

Last edited by ChemEnhanced on Dec-10-2005 at 15:14

quote:

Originally posted by fayraree Is that because the costs to repair the damages were less than your deductible? Also, did the insurance co. record this as an at-fault accident for you? Because that's what I'm trying to avoid here. Same question goes for your second example...were both of these the other person's fault? If so, you're clear! I, however, am not. And yeah, if she goes to her insurance co., I'm fucked either way! The accident WAS my fault, after all, so I'm prepared for that consequence (which of course, is not as severe as Malek made it out to be). By not reporting, there's a chance I can get away with it...I think...

Just to let you know....even if you don't make a claim.....and your insurance company finds out....it will affect your status.....it will still show as an at fault accident and you will see an increase in your premiums. Before you punch me out for saying that remember that when insurance companies determine what your premium will be they are trying to predict the likelyhood of you taking money out of the pool of money set aside for claim payments for people in your class rating. The biggest problem with insurance ratemaking is that its prospective not retrospective.

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Scott has been introduced to the rave scene, and Ecstasy, by Craig. The two of them go out on the weekends, with some of Craigs friends, and stay up all night, dancing in a drug-fueled trance.

Last edited by Moral Hazard on Apr-26-2011 at 07:48

Aww, fufu, thats totally fucking balls man!!! really really ballstastic and ungoodly! :S

i dunno whut to say... cars can be big worries and obviously when shit like this happens it blows donkey balls.

im glad ur safe and fine (we dont need jenny crying bc her fay-bitch now has a gimpy leg and is missing mobility in 6 of his fingers )

uhm - i hope eventually things start to improve in ur mind buddy..

cheers fay, im sorry to hear about this shit.

im here for support man!!

-jamie-

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Save Techno - Stop Minimal / Tech-House

I have had 3 accidents so far with my bimmer (one of which was a hit and run...two of which were completely my fault) however never under any circumstances should you report it to the collision centre unless you are going through insurance. We got screwed once because we reported it but didn't know it got back to our insurance company even though we took care of it ourselves.

Also, body shops do not have to report anything and usually cut you a deal because you aren't going through insurance...well, i also happen to be a repeat customer and they know I can't drive for $hit.

quote:

Originally posted by riskytrader I have had 3 accidents so far with my bimmer (one of which was a hit and run...two of which were completely my fault) however never under any circumstances should you report it to the collision centre unless you are going through insurance. We got screwed once because we reported it but didn't know it got back to our insurance company even though we took care of it ourselves. Also, body shops do not have to report anything and usually cut you a deal because you aren't going through insurance...well, i also happen to be a repeat customer and they know I can't drive for $hit.

Actually....it will cost you more to get it repaired when not going through insurance. The hourly rate that can be charged for insurance claims is about $15-$20 less then they can charge privately.

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quote:

Scott has been introduced to the rave scene, and Ecstasy, by Craig. The two of them go out on the weekends, with some of Craigs friends, and stay up all night, dancing in a drug-fueled trance.

Last edited by Moral Hazard on Apr-26-2011 at 07:48