by s.1006 » Fri Feb 06, 2009 06:32 pm
Hi,My case is that in Oct 2007 our house was damaged by a car accident. It's 100% their fault, so the insurance will be the fix fee. but finally the contractor company charged us instead of request payment from insurance.the worst thing is they didn't tell us we need to pay, and insurance company told instructor company the payment would from insurance not us. so we were charged on Mastercard and generated $300 interest.how can i let insurance or instructor campany pay the interest?thanks
Posted: Fri Feb 06, 2009 08:02 pm Post Subject:
Nope. You could have submitted the bill to your carrier when you obtained it and either had them pay for the repairs or had them pay you so that you could pay the contractor. The bill for the repairs is ultimately between you and the contractor. Granted, your insurance company should be promptly paying any bills submitted to them.
How you paid the contractor is completely on you. That is, if you borrowed money from a loan shark at 1000% daily interest, you cannot pass on this expense to the insurance company. If you charged it on your credit card, you cannot pass that charge onto your carrier. Most credit cards have a 20 day grace period. Was the bill given to the insurance company right away? Did you follow up to make sure the payment was being issued quickly? $300 in interest...? How long was it on the card? Did the insurance company not issue payment as soon as they knew the expense?
Posted: Fri Feb 06, 2009 11:41 pm Post Subject:
$300 in interest...? How long was it on the card? Did the insurance company not issue payment as soon as they knew the expense?
I'm with Tcope on this...this charge had to be on that card for quite awhile to generate that kind of interest...why would you not have notified the carrier as soon as you got the bill...and how on earth did the contractor even have your car number to start with? No reason for them to have your CC number..Posted: Sat Feb 07, 2009 01:31 am Post Subject:
Unless they had to have gaurentee of the payment up front until they got money from the insurance company. Would that make any sense? Never give your credit card number out to anyone.
Posted: Sat Feb 07, 2009 12:00 pm Post Subject:
Unless they had to have gaurentee of the payment up front until they got money from the insurance company. Would that make any sense
Sure it makes sense, I wouldn't have done business with them though if that were the case...Posted: Sun Feb 08, 2009 10:55 pm Post Subject:
Thanks for all your concern.
the sales person asked me whether i have a Sears card or not,and i by chance have a stupid Sears Mastercard, so i gave it to him. because this is accident claim(a car ran hitted our house, this is the reason we got the house fixed). the insurance company would pay the contractor dirctly.
--finally, the contractor charged me on Sears Mastercard instead of sent invoice to insurance, the worst thing is Sears home improvement deportment never asked my authorization to get the payment if it's great than the limit.($1000 limit on my Sears Mastercard, but they charged me $3865).
--i was on vacation for a month, when i came back i got lots of call from Mastercard to request payment plus interest, and i was totaly in dark, i tried very hard to think when and where i spent more than $1000, and i knew i never use my mastercard more than 1000.so i asked them to do investigation for me, another month passed. by the time i figured it out the interest is more than $300, and that's totaly Sears' fault, but they deny. i hate Sears, i'll never ever deal with them!
Posted: Mon Feb 09, 2009 10:15 am Post Subject:
Well, when you gave them your card number that's all they needed for authorization I'd presume...Has the carrier paid you for the damage?
Posted: Mon Feb 09, 2009 01:53 pm Post Subject:
Your deal is with the contractor to fix your house, so YES the contractor tells you. The third party's insurance company should have already paid you.
You're on the hook for interest - NOT the insurance company.
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