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Involved in a Car Accident--Anything I can Do? (pg. 4)
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| ChemEnhanced |
| quote: | Originally posted by djeso
First find out what the total damage is, if it's under 2g's pay out of your pocket, that way it won't affect your insurance costs in the near future |
if he's already talked to the insurance company then it will make no difference if he goes through with a claim.....the accident has already been reported. Even if he reported the incident to the police then eventually the insurance company will find out. Some insurance companies have agreements with the police that the police reports will be sent to the insurance company once one of their insureds are identified as being involved in an accident. |
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| Moral Hazard |
| quote: | Originally posted by djeso
First find out what the total damage is, if it's under 2g's pay out of your pocket, that way it won't affect your insurance costs in the near future |
Bad advice at this point, as he's already reported it to his insurance company. Personal automobile policies are priced based on a risk rating; meaning you are charged a premium per thousand dollars of insurance based on the level of risk you represent... risk meaning the probability that the insurer will have to respond to a claim made against your policy. The amount of money that the insurer pays on claims has no bearing on risk rating. Whether he withdraws his claim at this point or continues with it the effect on his insurance will be the same. Now, this could be good advice if his insurer was not already aware of the loss.... I say could because the decision of whether or not to claim for damages depends on a great many personal factors. |
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| ChemEnhanced |
| quote: | Originally posted by Moral Hazard
Bad advice at this point, as he's already reported it to his insurance company. Personal automobile policies are priced based on a risk rating; meaning you are charged a premium per thousand dollars of insurance based on the level of risk you represent... risk meaning the probability that the insurer will have to respond to a claim made against your policy. The amount of money that the insurer pays on claims has no bearing on risk rating. Whether he withdraws his claim at this point or continues with it the effect on his insurance will be the same. Now, this could be good advice if his insurer was not already aware of the loss.... I say could because the decision of whether or not to claim for damages depends on a great many personal factors. |
why do you feel the need to say what I already said :D |
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| Moral Hazard |
| quote: | Originally posted by ChemEnhanced
why do you feel the need to say what I already said :D |
Your post wasn't there when I started drafting mine. |
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| zoogla |
| both of you are flaming homosexuals |
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| ChemEnhanced |
| quote: | Originally posted by fayraree
both of you are flaming homosexuals |
only when you are involved :p |
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| 1dawoman |
Did you sustain any injuries as a result of this mishap? Any headaches or whiplash? I would've assumed no however you said it was on the highway therefore it is possible considering the speed you were most likely travelling at. If yes, then in addition to repairs, you may be entitled to treatment through your insurance company...just something to keep in mind.
| quote: | Originally posted by Nick Cenik
Respectfully, I'm not in the mood for any jackass responses :) |
I see you haven't had much luck with that... :rolleyes: |
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| ChemEnhanced |
| quote: | Originally posted by 1dawoman
Did you sustain any injuries as a result of this mishap? Any headaches or whiplash? I would've assumed no however you said it was on the highway therefore it is possible considering the speed you were most likely travelling at. If yes, then in addition to repairs, you may be entitled to treatment through your insurance company...just something to keep in mind.
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You can also get paid to have someone clean your house and not to mention the psych issues you will have for the rest of your life....I don't think I would ever be able to drive at night again....I'd be too affraid of something being on the road. As an adjuster....I see so much potential with this. |
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| 1dawoman |
| quote: | Originally posted by ChemEnhanced
You can also get paid to have someone clean your house and not to mention the psych issues you will have for the rest of your life.... |
Obviously, that's taking advantage of this situation...which isn't what I was referring to....however, if he sustained some injuries a simple PAF wouldn't be out of the question in my opinion. |
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| ChemEnhanced |
| quote: | Originally posted by 1dawoman
Obviously, that's taking advantage of this situation...which isn't what I was referring to....however, if he sustained some injuries a simple PAF wouldn't be out of the question in my opinion. |
Since the PAF came out...which personally I think is an absolute waste of time...I think I've had one claim that actually ended with the completion of the PAF. |
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| 1dawoman |
| quote: | Originally posted by ChemEnhanced
Since the PAF came out...which personally I think is an absolute waste of time...I think I've had one claim that actually ended with the completion of the PAF. |
that's cuz people are greedy and want more money than what a PAF pays out...even though that treatment plan would suffice. |
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| Moral Hazard |
| quote: | Originally posted by 1dawoman
that's cuz people are greedy and want more money than what a PAF pays out...even though that treatment plan would suffice. |
I blame the para-weasels |
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