The IRS Deductions Blog

Posts Tagged ‘auto’

Question: Should I sue the person at fault or use my collision insurance and PIP?

My wife was rear ended at high speed while stopped at a light and there is no question about liability. Our car was totaled and my wife and her passengers were injured. My ins. co. wants to pay for our car under the collision coverage and pay medical under the PIP part of the policy. I would have to pay a 300 dollar deductible and part of the rental car fees. Would I be better to simply sue the at-fault person’s ins. co. (State Farm) so I could be made whole? Or would the attorney fees be too much? The car was a 2007 Ford Focus.

Answer: If the car is a total then the 300 would be take out of the total loss settlement. If you owe more than what it is worth the other carrier is not responsible for anymore. That can happen because of your interest rate, if you had a balance moved over from a trade in, ect. If you have GAP coverage that was purchased with the veh, that will coverage the balance of the loan. New vehicles, always get insurance if you will be in the negative on the loan.

Some people use the injuries to get more money to cover this loss. First have your insurance pay the medical bills. The other carrier will need to pay your insurance back for collision and PIP. They should pay your insurance back your 300. Then you get that back. After each person is done being treated for the injuries then State Farm has to offer a final injury settlement. This will include the medical bills that your insurnace pays and then anymore for the injuried person. This may include pain and suffering and any other out of pocket expenses. If there is any travelling to get to and from doctors, then record the mileage. They may owe for this and PIP may have coverage too. When people hire attny that is usually only for the injury portion. You can do this at anytime. Some people do it right after the accident or they wait until settlement time if they are not getting what they want. State farm will come up with a low ball figures. You can always negotiate the amoun up. Kind of like Monopoly. They start low. You start high. meet in the middle. Your PIP adjuster will also have all the documentation to show what the treatments and diagnosis are too. This will help prove the extent of the injuries. Good luck!

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Saving money on car insurance

So you know all those ads claiming you can save a bundle on car insurance – with just a call or click of a mouse? Well, it’s true. Bay Area Consumers’ Checkbook and Checkbook.org evaluated auto insurance companies and found that most local drivers can save… Insurance – Vehicle insurance – Financial Services – Automotive – Business

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Question: Can anyone answer my question about my auto insurance policy?

okay, last december 2005 I was involved in a minor car accident due to weather conditions, and I had to pay my auto insurance company a “500 Deductible” to repair the damages that I made to my vehicle, so they had fixed it. This august of 2007, I recieve a letter from my insurance policy attorney stating that I am being sue by the plantiff of the vehicle that I hit. Why I’m being sued if I was cover by my insurance policy and the plantiff car, and is there anything I can do to defend myself. Because they should go after my insurance company if they didn’t pay for the plantiff car…. not me.

Answer: Apparently your insurance company was not able to get the claim with the other party settled and the other party elected to file a law suit.

If it was a minor accident – the other person may have gotten a bit crazy with the medical treatment and run up a bunch of bills that your insurance company does not think are related to this accident.

The other person can not sue the insurance company. The law suit can not read “John Doe vs. XYZ Insurance Company”. The law suit has to be filed against you since you are the negligent party. You are the one who caused the damage/injuries.

The law suit also has to be served on you – not the insurance company. This is usually done by process server or certified mail. As soon as you get the suit papers -call the person who wrote you the letter – ASAP! The insurance company has a limited time to get an answer on file and the clock starts when you get the papers. Failure to get the answer in on time results in a default judgement against you (not good for you).

The insurance company will need to know when you got the papers and how. They will need the original papers but can give you a copy for your records.

Your insurance company will hire an attorney to defend you.

You can choose to hire an attny of your own at your own expense but you don’t need to. The defense attny that your insurance company will hire will be very competent.

You will need to cooperate with the insurance company and the defense attny. They will need to get information from you to answer the law suit. At some point, depositions will be taken and mediation may even happen. Very few lawsuits go to trial.

Most likley – the adjuster sent you the letter to give you a heads up that suit papers may be coming. I send those letters out when the plaintiff attny is really yelling threatening suit. The adjuster expects that the letter will prompt you to call them.

So call the adjuster – he/she will be able to give you more detail on what’s happening and how they will handle it.

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Save 10%-40% on auto insurance

Question: American Express Collision Damage Waiver CDW?

i rented a car from Enterprise and i declined collision and damage insurance because my american express card i used is supposed to cover that. i just took liability insurance from them. unfortunately i met with an accident and they gave me a ticket. i just want to know that what will american express cover. and is there a Deductible Amount that i need to pay like there is on other insurances?

Answer: call amex they are the best

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Credit Card Rental Car Insurance How-To

Most people know about this coverage perk, but few have any idea about how to cash in. Find out here.

New Baltimore – Auto Body – Bayview Collision Inc.

Question: What is third person liability in a car insurance?

Hi, I am getting insurance for my car, and it ask me online the amount of third person liability! I don’t know what that is! Can someone help me, please?
And also what is Collision or Upset (deductible)? is it like what you are willing to pay when you get in an accident?

Answer: Third person is your passenger. collision pays for your car if its your fault.

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NEW INFO: Numerous Accidents Reported; Car Slides into House in Huntington

Numerous weather-related wrecks were reported throughout the region Monday night, including one in Huntington that involved a car sliding into a house.