The person at fault cannot even pay for the damage done to my car. I had a rental car, but it was taken back because they did not have the money to pay for it. So what is going to happen here. It will cost me a fortune to fix the car. I imagine that my rates are gonna end up through the roof. This isn't fair!. What should I do ?
Will Update as needed.
2007-09-25 09:28:31 · 9 answers · asked by Robert T 2 in Cars & Transportation ➔ Insurance & Registration
Sadly the kid is rather poor, I believe. I don't think that I can even sue him, he has no money. I would feel bad about this.
2007-09-25 10:03:41 · update #1
Hiya:
True it's not fair but...the problem is likely that the person elected to carry low liability limits. Nowadays - that's a big risk but apparently a risk they were willing to take.
I would recommend reporting the loss to your insurance company, if you haven't already. You will be able to have all of your damages taken care of (less your deductible) and they can worry about pursuing the other person to get some money back.
I know most people wouldn't want to use their insurance company in this situation but the simple fact of the matter is that you PAY them to help you out in this kind of situation.
Will your rates go up? Rates are affected by SO many things. The color of your car, the zip code where you park your car at night, how far you drive to/from work.....Most of the times not at fault accidents won't be a major consideration when it comes time to renew. Keep your credit in line.
Good luck!
~jifr!
2007-09-26 06:12:07 · answer #1 · answered by Jifr 4 · 1⤊ 0⤋
I would check with you own insurance company. Some state require that you carry uninsured morotist coverage. Lots of times you insurance will pick up the rest after his insurance has paid the max due to the policy limits. I also can tell you that your insurance company will most likely not rerate you since you are not at fault and paid out under this coverage. The increase in premuims usually come from accidents that are your fault and where you injure someone. You should not see a rate increase at all since it should not be a chargeable accident. As for a rental car I would check on your own policy and see if you have the rental coverage and you may be able to get in a rental vehicle this way.
2007-09-25 11:34:43 · answer #2 · answered by rebecky139 2 · 0⤊ 0⤋
Contact your insurance company and see if you have a coverage on your policy call "Under-insured Motorist Coverage".
Under-insured Motorist (UIM) [ not to be confused with uninsured motorist - um] - pays for your damages and injuries when you are involved in an accident that is not your fault and the at fault person does not have enough insurance to cover.
Give your agent a call. He/She should be able to tell you if you have this coverage and assist you in filing the claim. Your agent will also be able to give you an idea how it would affect your rates.
2007-09-25 11:28:58 · answer #3 · answered by Boots 7 · 0⤊ 1⤋
Her coverage business corporation is by utilising no ability answerable for the movements of a few drunken lunatic so get the chip off your shoulder and ignore approximately snaking the coverage business corporation. in case you want to play hardball then pass after HER -- drag her to court and see if a decide will furnish you something (nonetheless I doubt it..). you may properly be entitled to a pair diminished value on your motor vehicle (based upon what your state regs are) yet be warned: that isn't the quantity of the damages -- in many situations 10 - 15% is a good settlement. Your themes are no longer with the coverage business corporation. All they're obligated to do is pay you on your loss and in case you get pi$$y with them it is going to pass very, very undesirable for you. Be basic, logical and lifelike with the claims human beings and you will pass plenty extra than screaming, crying and foot stomping. in case you even hint approximately getting a criminal professional your document would be packed-up and despatched to the criminal dept. and THEIR attorneys will deal consisting of your criminal professional and it will finally end up costing you a fortune.
2016-10-19 23:14:23 · answer #4 · answered by hussaini 4 · 0⤊ 0⤋
i am guessing the other guy has minimum limits on property damage; that is the reason for buying more than is required by law;
do you have underinsured property damage liability? if you do, your policy will pay in excess to of the other guys policy. if not, you might want to try and take this guy to small claims court, but if he has minimum limits, he could also have no assets to repay you so you are back to square one;
talk to your insurance company and the rental company for some suggestions; but it does not look good;
good luck
2007-09-25 10:15:35 · answer #5 · answered by lucy 7 · 0⤊ 0⤋
Your own collision or underinsured motorist coverage will 'gap' the difference up to your limits. Your insurer will then deal with recovering the funds from the other driver.
2007-09-25 13:33:18 · answer #6 · answered by Anonymous · 0⤊ 0⤋
Its not fair at all. It sucks. It happened to me once, the guy hit my car with his friends car, and he did not have a license. So my insurance had to pay for it all, and yes, I had to come up with the deductible!
Sorry:(
2007-09-25 09:36:39 · answer #7 · answered by Anonymous · 0⤊ 0⤋
the other person's insurance will pay up to the policy limit. damages above that limit can be sued for, so if it's worth it to you, get an attorny. otherwise you are responsible for the excess amount.
2007-09-25 09:47:20 · answer #8 · answered by My Pits A Lover Not A Fighter 5 · 0⤊ 0⤋
People who can't afford to be financially responsible shouldn't drive. Nobody ever said driving wasn't expensive. Sue them.
2007-09-25 11:44:52 · answer #9 · answered by Anonymous · 0⤊ 1⤋