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Smart Shopper Questions About Auto Insurance & Accidents
4417 messages, Last post on Dec 04, 2009 at 10:55 AM
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Replying to: cccompson (May 25, 2008 6:19 am) |
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Can DV be claimed under Uninsured Motorist Property Damage Liability? Question is asked because your own carrier pays under your policy for UMPD. However............. In that you're buying PD Liability for the adverse party, I opine the UMPD should include DV. |
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Replying to: cccompson (May 25, 2008 6:19 am) So basically you are demanding that the insurance company make restitution for its negligence in restoring the full value of your loss. Of course, most insurance companies will karate chop you the minute you bring up a DV claim, but they cannot legally refuse to accept consideration of such a claim IMO.
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Replying to: Mr_Shiftright (May 26, 2008 8:16 am) DV is resultant damage of an at fault crash otherwise known as a legal wrong. The at fault insurance company includes the DV to be paid under the Insured's Property Damage Liability coverage. Other items payable under PD Liability are Rental Expense, Loss of Use, & other expenses that are a result of the crash. As in other facets of the claim, the innocent party has to prove and present his DV claim to the Claims Manager of the opposing company. |
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Hello everyone! My name is Jennifer and I'm 27 yrs old. I have a concern about my explorer. She is a 94 Eddie edition and recently someone didn't notice I was at a red light and hit me. Any way long story short the insurance company is NOT going to fix her. I'm so upset! I LOVE THAT TRUCK. The insurance company gave a quote of only $1500. I know this is Edmunds and I checked here and its about average for her. My question is why are there so many different quotes? I checked KBB and its almost double there saying at least $3200. I just want to make sure the insurance company is not ripping me off. Please let me know...I really just wanted my truck fixed and not the aggravation of a settlement. 
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Replying to: funkypetals (Jun 07, 2008 4:35 pm) |
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Replying to: funkypetals (Jun 07, 2008 4:35 pm) Each price guide uses different methods and their "values" may represent different things. Kelley could be "dealer asking prices", or it could be "dealer selling prices as reported by the dealer" whereas Edmunds or someone else could be reporting private party REALIZED prices as gathered by Edmunds, not reported by a dealer. Guide books are just that "guide" books. The insurance company uses an appraiser and so should you, if you don't agree with them. Keep in mind that some states REQUIRE an insurance company to total a car if the percentage of damage is too high versus the Fair Market value. Before you hire your own appraiser, do some research, say on Craigslist, or autotrader.com, of COMPARABLE cars to yours---trim level, mileage, exterior and interior condition. An Eddie Bauer with 20,000 miles and pristine condition is not an Eddie Bauer with 120,000 miles and 4 dents in it. If you find in your research that the MAJORITY of the cars you see are NOT selling at Kelley's price, then chances are you shouldn't bother hiring an appraiser and going to arbitration to battle it out. Also if the damage estimate is very close to the Kelley Value, you probably will not get the car repaired even if they offer you more money. Here's a sample ad I found: http://sfbay.craigslist.org/pen/car/708819160.html If you want to hire an appraiser, that will cost about $250. Then if the insurance company doesn't offer you more money, you will have to go to arbitration which will cost you about $300 for the referee + another fee for your appraiser to represent you. So it's going to cost you about $700 to fight the insurance company, and probably the referee will give you that back if nothing else. Personally, if I were you, I'd look around and find out what it REALLY would cost you to buy a substitute vehicle, and then ask for that amount, without going to your own appraiser. The insurance company may cough up. But if you shove a Kelley Blue Book in front of them, they aren't likely to dislodge their position based strictly on that evidence. |
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Does anyone know of a way I can get a feel for insurance rates on one car vs. another? My 16yo daughter recently got her driver's license and we're starting to car shop. Right now, pretty much anything with 4-cyl, 4 wheels and an auto tranny is on the table. Would a 2-door civic be more expensive than a 4-door civic, all else being equal, for example? A VW cabrio more than a VW golf? (I'm assuming that the answers to both of those questions is yes). It gets much cloudier when the cars become a 2-door civic vs. a 2-door ford probe. I've been calling my insurance company with VINs to get rates, but since so many different cars are being looked at, it's getting to be a real pain in the butt. I guess I'm looking for some database of cars that provides an "insurability" rating of some sort. Where I can quickly and easily see that car "A" would be ~20% more expensive to insure than car "B". Again, I don't need $$ amounts, just something with relative costs. Anyone know of any such thing? Thanks!! |
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Replying to: kominsky (Jun 09, 2008 8:18 am) |
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Replying to: kominsky (Jun 09, 2008 8:18 am) tidester, host SUVs and Smart Shopper |
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