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Smart Shopper Questions About Auto Insurance & Accidents
4406 messages, Last post on Oct 17, 2009 at 9:53 AM
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Replying to: houdini1 (Aug 07, 2008 1:08 pm) OTOH, every carrier (insurance company) has required the agency to have E&O. Never had the carrier require the agent to obtain it unless writing surplus lines. But our agents do not issue binders/policies so YMMV. |
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Replying to: euphonium (Aug 08, 2008 7:43 am) |
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has E&O, and the agent works for the agency, then the agent should be covered, I would think, just like nurses do not have their own malpractice policy, but, as employees of the hospital, they are covered for malpractice...or have I just blundered into the wrong area again???
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Replying to: marsha7 (Aug 09, 2008 6:11 am) Hospital nurses and pharmacists are usually covered for MP as you suggest. After my wife retired, we decided she would not be a relief pharmacist, as she would have to carry her own MP policy & making only $50/ hour is not worth risking our assets. |
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Maybe I could take a class or two from you and fill in all those gaps in my meager knowledge...I always appreciate anyone who can teach me a thing or two (or three, or four...)
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Replying to: marsha7 (Aug 09, 2008 10:31 am) Today CE is via the internet and much more efficient, but not as much fun or personal. 
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Hey anybody I just found out my vehicle which was hit by a storm a few weeks ago, is deemed total loss. Its a 2000 5speed nissan sentra with over 123K's on it. I got the value from the ins. agent and I just don't know if its enough. Sure it covers my loan since I was still paying on it, but the balance (after they pay it off)is not enough to get another vehicle, and I need one. I dont want to finance again, I'd like to just buy another used one instead but is there a way to know if the ins. co. is giving me a fair share? is there any way to know this? thanks
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Replying to: uturnsue (Aug 18, 2008 11:34 am) Then you sort of average all of them out and come up with a ballpark #. Some guides are: www.edmunds.com (click on "used cars") www.kbb.com www.nadaguides.com These guides will NOT agree but they should be reasonably close. Keep in mind that "excellent" means a *very* sharp clean car. Most 8 year old cars are "clean" or "average". Very few are "oustanding". Actually you should be glad it covered your loan. Some people don't end up that "whole". |
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Replying to: uturnsue (Aug 18, 2008 11:34 am) > It's a 2000 5-speed Nissan Sentra…I'd like to just buy another used one Depends upon the type of storm damage. If it's hail (or sand) damage and the repair would consist of removing hail dimples and repainting the car, then tell the insurance company that you'd like to keep the car. You will still receive the insurance payment less one or two hundred dollars for the salvage value of the car. If there is water damage or a tree fell on the car, then take the full insurance claim and either buy another 2000 Sentra, making sure that the insurance pays for all of your costs including sales tax, dealer fees, etc. Or use the insurance check as a down payment on as new a car as you feel comfortable with the payments. > I got the value from the ins. agent and I just don't know if it's enough…Is there any way to know this? Your car is worth what it would cost to replace it, say $5500 plus sales tax and dealer fees and minus the outstanding loan balance and minus the comprehensive deductible. |
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Replying to: uturnsue (Aug 18, 2008 11:34 am) |
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