quote:

Originally posted by Moral Hazard Dude!

Couldn't one person do it all?

quote:

Originally posted by VERTiG0 Couldn't one person do it all?

it would be hard for one person to do it all....there are too many levels of expertise needed when dealing with insurance claims now a days. Not every one of those adjusters is going to be on each claim as not all claims have those exposures. I handle auto AB claims, auto bi claims, property claims and casualty/liability claims.

___________________

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

Thats shitty. I have a clean record and I am stil paying 200$ for my 08 gti

quote:

Originally posted by VERTiG0 Couldn't one person do it all?

As Scott said... different claims require different levels of expertise and areas of specialty. Accident Benefits for example is a highly specialized area; so much so that most AB adjusters are trained only to handle AB, they wouldn't have a clue on how to handle a physical (vehicle) damage claim. Bodily Injury claims are normally handled by more senior adjusters; who naturally command a higher salary... using them to handle a physical damage claim (or even the physical damage portion of a claim) is a poor use of resources. Additionally, by law the person handling the AB claim cannot also handle the Bodily Injury claim... it is a conflict of interest because for AB the adjuster is working on behalf of the injured party and bor BI they are in an adversarial position to the injured party. Finally, each insurance company will need their own adjuster(s) because each adjuster is working for the interests of their own insured and insurance company.

___________________

quote:

Originally posted by RickyM you're just a shit version of Moral Hazard. At least he knows what he's talking about.

quote:

Originally posted by pkcRAISTLIN lol, i love it when moral feels the need to lay the smack down

I got my policy today - rates have skyrocketed by as much as $3 a month. That's almost $36 a year!

___________________
My party schedule:
2009-02-21 - DJ Attention @ I'm So Popular
2009-06-18 - DJ Annoying @ People Need To Know Where I'll Be
2012-11-32 - DJ Insufferable ɸ Or At Least the Stalkers I Complain About
2048-06-66 - Spastic & Whocares ¶ Although I'm Actually Flattered
9999-45-81 - Tweaker Gimp ☼ I Probably Won't Even Go To This But I Have To Make Sure I Fill Up All The Available Space Here

quote:

Originally posted by DigiNut I got my policy today - rates have skyrocketed by as much as $3 a month. That's almost $36 a year!

better get a second job

___________________

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

quote:

Originally posted by DigiNut I got my policy today - rates have skyrocketed by as much as $3 a month. That's almost $36 a year!

Holy shit! How am I going to feed my family

___________________

quote:

Originally posted by RickyM you're just a shit version of Moral Hazard. At least he knows what he's talking about.

quote:

Originally posted by pkcRAISTLIN lol, i love it when moral feels the need to lay the smack down

quote:

Originally posted by DigiNut I got my policy today - rates have skyrocketed by as much as $3 a month. That's almost $36 a year!

lol!

___________________
TECHNO IS THE BEST NOISE ON EARTH.
Save Techno - Stop Minimal / Tech-House

I didn't want to start a new thread about an insurance related question so I thought I would post in here.

Earlier today I was involved in a very minor collision. I rear ended a vehicle as I thought he was pulling forward and then proceeded to slam on his breaks. I didnt have a chance to react.

Anyways, we pulled over to the side of the road, realized there were no injuries and minimal damage. Some scratches to my car and his rear bumper is damaged (most likely needs to be replaced). Because the damage was so minimal and the abcense of injury we opted not to call the police.

We exchanged insurance information and personal biographical information. I also advised him not to get repairs done to his vehicle through insurance as they would charge him the deductible and his car is not worth much on the market anyhow. He agreed.

My question is: In Ontario we have no fault insurance. If her were to go through insurance anyways, would it effect my insurance premiums at all? I understand I am at fault technically but because of no fault would my insurance be effected at all if I do not make a claim myself? Both out vehicles are 10 years old, so it makes no logical sense to have a bumper replaced through insurance when the cost would be close the value of the vehicle. However to be honest, I'm only willing to give the guy 300-400 max, as chances are he will not bother with the repairs anyways.

quote:

Originally posted by Sentinal I didn't want to start a new thread about an insurance related question so I thought I would post in here. Earlier today I was involved in a very minor collision. I rear ended a vehicle as I thought he was pulling forward and then proceeded to slam on his breaks. I didnt have a chance to react. Anyways, we pulled over to the side of the road, realized there were no injuries and minimal damage. Some scratches to my car and his rear bumper is damaged (most likely needs to be replaced). Because the damage was so minimal and the abcense of injury we opted not to call the police. We exchanged insurance information and personal biographical information. I also advised him not to get repairs done to his vehicle through insurance as they would charge him the deductible and his car is not worth much on the market anyhow. He agreed. My question is: In Ontario we have no fault insurance. If her were to go through insurance anyways, would it effect my insurance premiums at all? I understand I am at fault technically but because of no fault would my insurance be effected at all if I do not make a claim myself? Both out vehicles are 10 years old, so it makes no logical sense to have a bumper replaced through insurance when the cost would be close the value of the vehicle. However to be honest, I'm only willing to give the guy 300-400 max, as chances are he will not bother with the repairs anyways.

First and foremost; you gave him terrible advise... if he reports a claim his damages will be repaired under a coverage called Direct Compensation, which carries NO DEDUCTIBLE.

If he reports a claim; his insurance company will contact your insurance company to confirm that you have a valid insurance policy and that you were at-fault for the collision (most likely). This will likely promt your insurer to investigate the collision, confirm liability, and it will appear on your claims history... therefore; your premiums are likely to go up. Remember; your premiums are in no way effected by the amount of money you have claimed; rather, they are effected by whether or not you were at-fault.

I would recommend that you have the other guy get an estimate on his bumper and try to work it out privately; however, you have absolutely no obligation to pay him a penny.... by law the only party he can claim against is his own insurer. So, if you can't work out a deal that you're comfortable with then tell him to piss off.

BTW, I wouldn't put too much stock in the guy saying he wasn't injured at the scene... most soft tissue injuries don't show symptoms until a day or two after the collision.

___________________

quote:

Originally posted by RickyM you're just a shit version of Moral Hazard. At least he knows what he's talking about.

quote:

Originally posted by pkcRAISTLIN lol, i love it when moral feels the need to lay the smack down

quote:

Originally posted by Moral Hazard First and foremost; you gave him terrible advise... if he reports a claim his damages will be repaired under a coverage called Direct Compensation, which carries NO DEDUCTIBLE. If he reports a claim; his insurance company will contact your insurance company to confirm that you have a valid insurance policy and that you were at-fault for the collision (most likely). This will likely promt your insurer to investigate the collision, confirm liability, and it will appear on your claims history... therefore; your premiums are likely to go up. Remember; your premiums are in no way effected by the amount of money you have claimed; rather, they are effected by whether or not you were at-fault. I would recommend that you have the other guy get an estimate on his bumper and try to work it out privately; however, you have absolutely no obligation to pay him a penny.... by law the only party he can claim against is his own insurer. So, if you can't work out a deal that you're comfortable with then tell him to piss off. BTW, I wouldn't put too much stock in the guy saying he wasn't injured at the scene... most soft tissue injuries don't show symptoms until a day or two after the collision.

The idea was to not go through insurance to save the premiums from increasing. And the impact was at 5 k/ph. It was a bump.

But it would be foolish for my premiums to go up over something as small as this, it can be resolved outside of insurance.

a) sucks when it's a new car you just bought!

b) even if it was $1000 feel-like-a-ripoff-cash you'd have to pay him, I'd still pay it. The increase in insurance is more costly in the long term. Bite the bullet and pay the stimate (hopefully he'll show your 3 of them).

___________________

Short time TA, Long time Guver, Good time giver.