I am at fault and I don't have any money to pay for both cars. whats the best decision to make? personal loans?is there an insurance company that will cover a previous accident if i become a member?
2007-10-15 15:48:17 · 9 answers · asked by sepiee 2 in Cars & Transportation ➔ Insurance & Registration
why were your driving around without car insurance?!
2007-10-15 15:57:22 · answer #1 · answered by becauseIsaidso 3 · 0⤊ 0⤋
If you were in an accident with no insurance. you are screwed. If you own anything. house, any other cars, property, etc, expect to sell it to pay for the other car's damage.
If the other person has insurance, then their insurance will cover it and sue you for the damages. But dont' worry, they'll make payment arrangements with you. If you dont pay them the payment arrangements then you will lose your drivers license till it's paid in full. No insurance company is going to pay for a previous accident. If that was the case, no one would have insurance until they hit someone. They don't make money that way.
If you can get a personal loan to pay for their car, then go for it. If you can do it and pay it, then do so. There's no reason to be driving around without insurance. some states, that's a law. My state it is not, but if you hit someone, you will be screwed. If you don't pay your fines, etc etc, you can go to jail.
2007-10-16 03:34:08 · answer #2 · answered by mannasox 4 · 0⤊ 0⤋
I own a company that represents insurance companies against uninsured motorists like you.
No insurance company will pay for any claim that happened before you bought their policy.
The best thing I can advise is to work with the other insurance company to come to a voluntary repayment plan. If you can repay in one lump sum they will give you a discount. Let's say you owe them $7500 if you tell them you can pay $5000 within 30 days they most likely will accept that.
If you don't the resources to pay a lump sum, most companies will let you set up a monthly payment plan. This will probably require a small down payment of a few hundred dollars to get started. Most companies won't charge any interest if you keep your payments current.
I would suggest taking care of the other car before yours. In most states an uninsured motorist can lose their drivers license and registration if they don't agree to repay the damages they caused to somebody else's car.
Good Luck
2007-10-16 04:48:17 · answer #3 · answered by fighting saints 6 · 0⤊ 0⤋
There is no car insurance that will cover previous accidents. If that were the case, why would anybody ever buy insurance.
About 12 years ago, I got into a accident with an uninsured driver who was 100% at fault. It took along time, but I got everything back from the other driver through the Court System.
My advise to you is to make sure you take care of the other driver first. He/she should be penalized for the stupidity of someone not having car insurance.
Sorry for sounding harsh, but I have no sympathy for you.
2007-10-15 16:22:40 · answer #4 · answered by game7ot 2 · 0⤊ 0⤋
The first thing you need to do is get in touch with the othe people insurance company and agree to make payments, but make sure what ecer you agree to you can afford, because as soon as you miss a payment you will loose you license. No insurance company will touch you to pay for a previous accident. You might get a loan depending on you credit worthyness, but if you can't satify the insurance company woth some monies they are coming after you. But first they will make sure that the state revokes your license.
So get on the ball now, try to scrape up some cash, ask them what kind of cash settlement they are willing to settle for, and if it's out of your reach then request to make payment. The insurance company doesn't have to take any payment that you make but they will just to recover their losses.
Good Luck.
2007-10-15 16:24:11 · answer #5 · answered by Randy W 5 · 0⤊ 0⤋
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RE: What should I do if i got into a car accident and don't have any insurance?
2014-06-25 15:58:01 · answer #6 · answered by Anonymous · 0⤊ 0⤋
What should I do if i got into a car accident and don't have any insurance?
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2014-07-14 07:29:17 · answer #7 · answered by Anonymous · 0⤊ 0⤋
there is no insurance. their car comes first and I think you can get your license revoked because in many states it is now law. you could be liable for so much more. i would not take out personal loans though because they can't come after you for what you don't have although they can place a lien on future income. good luck
2007-10-15 15:56:22 · answer #8 · answered by Anonymous · 0⤊ 0⤋
you should prepared to be sued & taken to courtroom. What do you mean "what ought to I do?" you weren't frightened about "what to do" once you've been utilizing with out coverage. i'm particular you do not opt for to take heed to each and every of the sh*t speaking, yet its the reality. Your coverage organization mails you a letter pointing out the date your coverage will be cancelled (properly a minimum of state farm does) so that you in basic terms isn't with out coverage. You knew the date you've been getting cancelled, so the date you received the notification, you should of been on your search for for brand spanking new coverage. Now you may ought to come out of pocket. The courtroom would placed you on a fee plan the position for ex: you pay $2 hundred a month till you've reached the ordered quantity. i do not comprehend for particular, thats in basic terms what I heard is a probability. The courtroom is going to charge you with utilizing with out coverage, so as which will be a level on your utilizing record. you may ought to pay an excellent for that and also you'd be required to have a SR-22 besides. strong luck.
2016-10-21 05:56:30 · answer #9 · answered by ? 4 · 0⤊ 0⤋
Do whatever you need to to get their car fixed. You will probably get your license suspended until it is taken care of. I had this happen in Florida and thats what happened to the uninsured driver that hit me.
2007-10-15 16:34:35 · answer #10 · answered by sensible_man 7 · 0⤊ 0⤋