by rkurhajetz » Wed Nov 19, 2008 02:21 am
Hello, I live in Minnesota and was in an accident on Friday 11/14. I had a 2003 Honda Civic, EX, 95000 miles.
the first thing I did on friday was call the person at fault's insurance and report the claim (progressive). I've been working with them, they called me today and said it's a total loss, and they are calling me with the amount.
I reported my claim to my insurance (western national) but have been working with progressive.
Do I have to pay a deductible?
the first thing I did on friday was call the person at fault's insurance and report the claim (progressive). I've been working with them, they called me today and said it's a total loss, and they are calling me with the amount.
I reported my claim to my insurance (western national) but have been working with progressive.
Do I have to pay a deductible?
Posted: Wed Nov 19, 2008 05:18 am Post Subject:
Do I have to pay a deductible?
If you decide to file the claim under you own auto policy then you'll be required to pay the deductibles. If the responsible driver's insurer attains the claim then no deductible will apply to you.
Hope it clarifies.
Posted: Wed Nov 19, 2008 05:23 am Post Subject:
Yeah, Simon has got it right. The deductibles apply to the collision coverage and not to the property damage liability coverage. When you aren't the at-fault party and the damages are being addressed by the other driver's insurer, no deductible will be levied upon you.
You are required to inform your carrier about the losses & what you have done very correctly. Hope things will get sorted very soon.
~Jeremy
Posted: Wed Nov 19, 2008 11:41 am Post Subject:
Do I have to pay a deductible?
nope, no deductible paid on this one....they should as well have you in a rental until 3 days or so after an offer of settlement has been made....let us know if you have any other questions or we can be of further assistance to you...Posted: Wed Nov 19, 2008 01:12 pm Post Subject: question answered!
Thank you very much, do I need to file a claim with my insurance company or simly notify them of the loss?
Posted: Wed Nov 19, 2008 02:22 pm Post Subject:
for now i would just advise my agent...you will need to change your policy of course for whatever you buy to replace this totaled one
Posted: Wed Nov 19, 2008 05:19 pm Post Subject: thank you
Thank you again, this is a wonderful website, please figure out a way to have everyone know about it. You information is quite valuable especially in the frustrating situation of dealing with an accident!
Posted: Wed Nov 19, 2008 11:54 pm Post Subject:
Becareful, this company has a history of deducting the cost to repair every single scratch and dent on your vehice from your actual cash value. They call it unrelated prior damage even if it is normal wear and tear. If you have pre-existing hail damage and wrinkled fenders, that one thing, but if you have only a few minor cosmetic flaws, their appraisers are trained to deduct the cost to repair those items from the acv which could be a very significant amount of the total loss settlement.
I would suggest you keep your company in the loop and if you suspect unfair treatment and settlement offers from the third party's company, I would be prepared to pay your deductible to possibly get a more fair settlement from your own company which is contractually obligated to you. They would then subrogate your claim and collect your deductible and any additional loss of use in the settlement.
Posted: Thu Nov 20, 2008 05:43 am Post Subject:
Thank you again, this is a wonderful website, please figure out a way to have everyone know about it. You information is quite valuable especially in the frustrating situation of dealing with an accident!
We are glad that we were able to help you. Hope things, henceforth, continue smoothly with the claim.
You can always refer the site address to the friends and families. At the top right had side of the page the option of “invite a friend” can also be useful, or you can simply ask people to check this site out.
And for you, keep coming back to us :D
Posted: Thu Nov 20, 2008 11:32 am Post Subject:
Becareful, this company has a history of deducting the cost to repair every single scratch and dent on your vehice from your actual cash value. They call it unrelated prior damage even if it is normal wear and tear. If you have pre-existing hail damage and wrinkled fenders, that one thing, but if you have only a few minor cosmetic flaws, their appraisers are trained to deduct the cost to repair those items from the acv which could be a very significant amount of the total loss settlement
Pete ALL company's should be looking at the entire vehicle while determining an ACV, and I suppose some adjusters don't understand the difference between pre-exsisting damage and normal wear and tear...they will be deducting a percentage of the PED not the entire amount...but if the OP does run into this please do let us know and we'll gladly give our opinions re: PED or wear and tear..as an example on your vehicle (2003) I would not deduct for door dings, minor rock chips etc...impacts or collisions absolutely...Posted: Thu Nov 20, 2008 03:32 pm Post Subject:
I believe alot of that stuff has to be included when determing the overall shape of a vehicle and assigning a rating. When my truck was totaled I still recieved good condition on it when expected they would give me fair condition. Yes they had every little "credit card" tear but I actually eneded up with a bit mroe than I paid and the truck was a '97. (garage kept).
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