Questions About Auto Insurance & Accidents

4409 messages, Last post on Nov 29, 2009 at 5:58 AM

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What is this discussion about? Buying Insurance

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Messages Page 403 of 442: 1; ...; 400; 401; 402; 403; 404; 405; 406; ...; 442; Prev; Next; Last

#4013 of 4409 Re: No payment for lost warranty coverage on insurance claim [dvexpert] by bobsexton Aug 23, 2008 (7:26 pm)
Replying to: dvexpert (Aug 23, 2008 6:16 pm) I am dealing with a similar problem. I was involved in an accident that was not my fault. The other persons insurance totaled out my 93 Acura Legend. They first offered me $2800 and I complained. I told them I thought the vehicle was worth $6000. They did some more investigating and finally brought the offer up to $4000. They turned down some other expenses related to the accident. I filed a complaint with the NC Dept. of Insurance. Basically the findings state that the insurance company is not required to pay me anything, they are simply attempting to offer me money to avoid litigation that would involve their client. My insurance company will not help me because I did not have collision insurance on my vehicle. By the way, the rep from NCDOI said that the insurance companies are tightening their belts, so guess who pays?? Replies to this message: dvexpert (Aug 24, 2008 9:05 am)
#4014 of 4409 Re: No payment for lost warranty coverage on insurance claim [dvexpert] by cccompson Aug 24, 2008 (5:46 am)
Replying to: dvexpert (Aug 23, 2008 6:16 pm) How has the value of "this loss" (the value of Chrysler's lifetime non-transferable powertrain warranty) been calculated in the cases in which you've been involved? Replies to this message: dvexpert (Aug 24, 2008 8:41 am) cccompson (Aug 24, 2008 3:36 pm) Mr_Shiftright (Aug 25, 2008 7:00 am) and 14 more...
#4015 of 4409 Re: No payment for lost warranty coverage on insurance claim [cccompson] by dvexpert Aug 24, 2008 (8:41 am)
Replying to: cccompson (Aug 24, 2008 5:46 am) Manufacturers know to the penny how much warranty costs on each model in their product line. While the exact dollar amount is never revealed by manufacturers for proprietary reasons, numbers are usually provided as a percentage of the sticker. It gets complicated sometimes because warranty for body, rust through, drive train, emissions etc have varying mileage and time limits that have to be considered. One also has to deduct for the time and mileage already used. David Williams www.SafeCollisionRepairs.com www.ConsumersGuideToAutoRepair.com Replies to this message: cccompson (Aug 24, 2008 3:36 pm) Mr_Shiftright (Aug 25, 2008 7:00 am) chuckie68 (Aug 28, 2008 4:53 am) and 13 more...
#4016 of 4409 Re: No payment for lost warranty coverage on insurance claim [bobsexton] by dvexpert Aug 24, 2008 (9:05 am)
Replying to: bobsexton (Aug 23, 2008 7:26 pm) It is YOUR burden to prove your loss. You'll probably have to hire and expert to establish this number for you. Then, it needs to be presented as a demand from the person who caused your damage, NOT his or her insurance company. The at-fault party's insurance company is there to protect the negligent party from THEIR losses. It is not their job to protect you from your losses. You have no contract with the at-fault party’s insurer. To demand something from them will get you nowhere. The at-fault party’s insurance company will stall, lie, cheat etc - whatever it takes to make you go away and so it can protect its own policyholder from suffering losses. While the at-fault party’s insurer has every obligation to deal fairly with their policyholder – the one they have accepted money from to protect - they have no obligation to you whatsoever. Don’t let that frustrate or discourage you. Even if the negligent party has no insurance they are still obligated to provide restitution to you for the damage they caused. As for the DOI, its job is to protect the financial health and stability of the insurance industry - to see to it that funds are available to cover losses when they are owed. They are ineffective in policing the insurance industry because one can't levy fines and penalties against an entity it is sworn to protect the financial health and stability of. A tort or a wrong has been committed against you. Lawyer and courts are the most effective means of settling these disputes. But again, you will have to sue the party that caused the damage, NOT his or her insurance company. David Williams www.SafeCollisionRepairs.com www.ConsumersGuideToAutoRepair.com
#4017 of 4409 Re: No payment for lost warranty coverage on insurance claim [dvexpert] by cccompson Aug 24, 2008 (3:36 pm)
Replying to: dvexpert (Aug 24, 2008 8:41 am) Saying that the manufacturer knows how much it costs doesn't much help the person whose car has been totalled. "Time limits" is not an issue here. Chrysler's warranty is relatively new and it's unlikely that even they know what their costs will be down the road (assuming that they will be around). Heck, they probably have yet to honor it even once! Replies to this message: Mr_Shiftright (Aug 25, 2008 7:00 am) chuckie68 (Aug 28, 2008 4:53 am) Mr_Shiftright (Aug 28, 2008 6:13 am) and 11 more... mitzij (Aug 28, 2008 6:40 am)
#4018 of 4409 Re: No payment for lost warranty coverage on insurance claim [cccompson] by Mr_Shiftright HOST Aug 25, 2008 (7:00 am)
Replying to: cccompson (Aug 24, 2008 3:36 pm) If they offered you KBB pricing or very close to it, I'd take it. You can't do much better than that. Replies to this message: chuckie68 (Aug 28, 2008 4:53 am) Mr_Shiftright (Aug 28, 2008 6:13 am) chuckie68 (Aug 28, 2008 6:53 am) and 10 more... mitzij (Aug 28, 2008 6:40 am)
#4019 of 4409 Also remember that by marsha7 Aug 25, 2008 (7:36 am)
KBB, NADA, and others are all approximate pricing, and that really depends on local markets...we are simply lucky that our used vehicles have any value at all, because if it was used jewelry, stereos, computers, or furniture, they are rarely worth more than 10-25 cents on the dollar 6 months after you buy them...
#4020 of 4409 Car premium increase by hilversum Aug 25, 2008 (1:57 pm)
Why would your car insurance increase when you remove one car from 3 cars covered on your policy ? Replies to this message: tidester (Aug 25, 2008 2:21 pm) houdini1 (Aug 25, 2008 4:26 pm) euphonium (Aug 25, 2008 7:36 pm) wlbrown9 (Aug 29, 2008 9:28 am) euphonium (Aug 30, 2008 3:35 pm) wlbrown9 (Sep 02, 2008 10:40 am)
#4021 of 4409 Re: Car premium increase [hilversum] by tidester HOST Aug 25, 2008 (2:21 pm)
Replying to: hilversum (Aug 25, 2008 1:57 pm) It may depend on who's driving those cars and their relative values. For example, if you had a teenager driving a clunker that you've gotten rid of and he/she is now driving your Bentley you might expect your premiums to rise. Or it could just be a coincidence that the premiums went up at the same time you removed one car. tidester, host SUVs and Smart Shopper
#4022 of 4409 Re: Car premium increase [hilversum] by houdini1 Aug 25, 2008 (4:26 pm)
Replying to: hilversum (Aug 25, 2008 1:57 pm) Give us a little more info please and maybe we can help. Have you asked your agent?

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