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Smart Shopper Questions About Auto Insurance & Accidents
4420 messages, Last post on Dec 04, 2009 at 1:08 PM
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Replying to: oldfarmer50 (Aug 17, 2007 2:03 am) 
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Replying to: Mr_Shiftright (Aug 17, 2007 9:19 am) I'm not so sure I'd call them tyrants but it pays not to piss them off. Half of my son's points came from the one accident. He slid on ice coming down a hill, slid through a stop sign and over an embankment into the woods. This was in January, he was cold so instead of calling the police he called a friend and went to the friend's house to warm up (and I guess to come up with an excuse for why my car was in the trees). In the meantime the police dragged me out of bed thinking I had been driving. When they saw it wasn't me and there was no one with the car they brought out the bloodhounds to search for him. By the time I located my son the police were in a rare mood. I made sure to accompany him back to the scene because I was afraid they would work him over if they got him alone. In the end they took it out on him by writing multiple tickets.
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Replying to: oldfarmer50 (Aug 17, 2007 12:51 pm) Don't be afraid of Police as they are there to "Serve and Protect" so I trust you thanked them for searching for your errant son.
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Replying to: euphonium (Aug 17, 2007 2:33 pm) It sure was. It was after they found out he was OK that both my and the police's mood changed. "...Leaving the scene is not recommended..." No it is not. It can even get you a ticket "...I trust you thanked them..." Yes I did. And I insisted that my son apologize to each officer. I still would not have left him alone with them though. Police are people too and they can make bad judgments in the heat of the moment, just like teenagers. |
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Replying to: euphonium (Aug 17, 2007 2:33 pm) Supposedly state insurance boards are supposed to regulate insurance companies and protect the consumer, but one has to wonder. I've tried to file a complaint against an insurance company for violation of state regulations. It's a sobering experience. No wonder there are so many class actions suits flying around right now. Here's an interesting website on the subject--but I have no idea how accurate or fair it is-- http://www.badfaithinsurance.org/ |
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Last month the 10th District Court of Appeals (Franklin County) unanimously recognized that diminished value can be recovered in Ohio in Rakich v. Anthem Blue Cross & Blue Shield, 2007-Ohio-3739. This is now the law in Columbus (and I sure hope I never need it!). According to yesterday's edition of The Columbus Dispatch, the insurance company has yet to decide whether to appeal to the Ohio Supreme Court. IMHO the decision was well reasoned and will not be reversed if appealed. Caveat: perhaps I should say that it should not be reversed. Given that the GOP holds all 7 seats, pro-business decisions are not unknown here. Per the newspaper, the SUV in question sold for $49,000 new. Five months later it was broadsided and the insurance company paid $8000 to repair the damage. The owners are now seeking an additional $6000 for diminished value.
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Replying to: cccompson (Aug 19, 2007 4:52 pm) In California I was under the impression that you can sue the third party but not your own company for DOV. Insurance companies HATE DOV claims. They fight every one tooth and nail. |
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Replying to: Mr_Shiftright (Aug 19, 2007 5:43 pm) It should be honored in all Property Damage Liability Claims and all U.M. Property Damage Liability claims. The more pricey or costly of the vehicle in question, the more DV should be awarded. |
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Replying to: Mr_Shiftright (Aug 19, 2007 5:43 pm) LOL, the newspaper quotes the vice president of governmental affairs for the Ohio Insurance Institute as saying that the case is little more than a marketing ploy for civil lawyers and that it will have "...very little impact on how claims will be handled in the future." Right - the spin never ends. As it happens, Nationwide is my insurer and they will not pay DV to a policyholder unless the policy has such an endorsement. One of the interesting points the court made related to Nationwide's claim that such claims were inherently speculative. They disposed of this summarily by saying that one of the things insurance companies do all the time is determine before and after values of crashed vehicles. |
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Replying to: cccompson (Aug 20, 2007 1:20 pm) Exactly! And what would compel him to choose the repaired vehicle? Yep, lowering the price. What might be somewhat "speculative" is the actual dollar amount required to convince the man to buy the previously damaged car. But we know it's going to be a substantial amount, probably 25%-35% deduct off "book".
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