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Questions About Auto Insurance & Accidents

5324 messages,  Last post on May 09, 2013 at 1:37 PM

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Messages Page 515 of 533

#5134 of 5324 Re: victor23 [marsha7] by victor23

Oct 22, 2012 (2:38 pm)

Replying to: marsha7 (Oct 22, 2012 1:48 pm)
Thanks, marsha7, for your comments. That was not "Other poster"; actually both posts were mine. In that case, there was no speed difference of 10-15 mph, it was indeed a NYC traffic jam with stop-and-go at ~5 mph, as much as I could gather. The rear-ended party only complained that he is late for the party, and nobody ever heard from him for 2 years, until recently. Legal experts say that what he is presenting looks like an X-ray of a very old spine problem, though a more thorough review is in order.

#5135 of 5324 victor23 by marsha7

Oct 24, 2012 (8:56 am)

Assuming the x-ray was taken shortly after the collision, any degenerative arthritis is proof positive of an old problem, simply because arthritic spurring and thinning discs take a lot of time to show up on film...years...if they were present at the time of the collision, they were probably pre-existing for at least a year or longer...

#5138 of 5324 Hurricane Sandy victim? by Stever@Edmunds HOST

Nov 19, 2012 (5:43 am)

A reporter would like to speak to Sandy victims who lost a car in the storm and are trying to replace it. If this fits your description, please send your daytime contact info to predmunds.com no later than Tuesday, November 20, 2012 at 9 a.m. PT/noon ET.

#5139 of 5324 statements to insurance co. by sdunckel1

Dec 08, 2012 (11:54 am)

My daughter is insured under my policy (Allstate) and she recently was in a fender bender driving her grandmother's car. Her grandmother's insurance company is Gieco. Geico is wanting my daughter to give them a recorded statement. I've always heard to never to this. What would her grandmother's interest be in my daughter's recorded statement? Could she just give a written statement? What information is she required to give them that would not already be in the police report?
 
Thanks for your help

#5140 of 5324 Re: statements to insurance co. [sdunckel1] by Mr_Shiftright HOST

Dec 08, 2012 (12:45 pm)

Replying to: sdunckel1 (Dec 08, 2012 11:54 am)
tricky. you NEVER should give out recorded statements to the OTHER party's insurance company, but generally you are obligated to cooperate with your OWN insurance company and give such statements; however, since this is grandma's insurance company, what I would do is ask the claims agent to point out exactly upon what wording in grandma's policy is the agent is making this request. Be SURE that this agent does in fact represent GEICO. Also, if BOTH parties have GEICO insurance, I think I'd consult an attorney before giving the recorded statement.

#5141 of 5324 Re: statements to insurance co. [sdunckel1] by euphonium

Dec 09, 2012 (6:09 pm)

Replying to: sdunckel1 (Dec 08, 2012 11:54 am)
Grandma loaned her car and her insurance coverage when daughter was involved in the fender bender. What was the extent of bodily injury and who have the police deemed to be at fault? As Gieco is Grandma's company, it would be prudent of daughter to cooperate with them as much as possible.
 
Reason for Non renewal: Insured uncooperative following claim.

#5142 of 5324 Picking a collision ins. deductible , vs "Limited collision" by woodyww

Jan 16, 2013 (9:31 am)

My Amica auto insurance is up for renewal. I currently have a $1k collision deductible that's $211. A $2k collision deductible would be $171. OR: "Limited collision" coverage is $28, & I'm tempted to go for that. (And yes, I know the limitations of "Limited collision" coverage--so I'm wary at the same time).
 
The car: a 12 y.o. bmw 528i, really nice condition, super low miles. The Amica agent said they would price the "retail value" at $8300.
 
One reason I'm thinking of the Limited collision coverage is that I've been putting on less than 1000 miles a year. However it is Metro-Boston area, with crazy drivers & all. I've had quite a few minor bashes on my various cars over many years--all the other drivers fault. The one time a car I owned was almost totaled--a guy rear-ended me, & stuck around, so even Limited collision would have paid I believe.
 
So at current prices, over 10 years I'd save $1830 by going with the Limited collision, vs. the $1k deductible--that's not nothing. I know it's a crap shoot, but what would anyone else do? TIA for any thoughts.

#5143 of 5324 Re: Picking a collision ins. deductible , vs "Limited collision" [woodyww] by Mr_Shiftright HOST

Jan 16, 2013 (9:38 am)

Replying to: woodyww (Jan 16, 2013 9:31 am)
Well, first impression is that I don't think Amica would pay you $8300 for that car if it were totaled, so you may be overvaluing your car somewhat.
 
My general rule of thumb about this is to drop collision when the car's value hits about $5000.
 
You are still above that by a bit, so I guess I'd still keep collision if I were you.
 
Since you drive very little, and since you wouldn't need collision insurance of any kind if someone hit you and it was THEIR fault, and since you are obviously a careful driver and not likely to smash up your own car, I think I'd keep the $1K deductible until such time as the car's value drops under $5K, then I'd go with the limited collision.
 
There's too little difference between $1K and $2K deductible to bother with that IMO.

Messages Page 515 of 533

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