by Guest » Fri Sep 26, 2008 06:20 am
Hi friends..I'm pretty much confused about this concept of comparative fault. Can anyone depict such scenarios which involve comparative faults in auto accidents? What are the laws that govern such scenarios? Please guide me! Crossbreed
Posted: Fri Sep 25, 2009 01:40 am Post Subject:
That also leaves 2 people having "deductibles" subtracted from the value of their claim instead of only one. Who gets a benefit from that??
The one person gets 90% of their deductible back, the other person gets 10% of their. Let me ask you a question... if you rear end someone, should anyone else have to cover your deductible? Same thing here... if one person is 90% at fault (almost the same as 100%), should someone else have to pay their deductible?Posted: Tue Nov 10, 2009 03:38 am Post Subject:
It seems as if the insurance companies are the true beneficiaries of this. Both parties pay their deductibles and both parties get an increase in premiums from their respective companies. The insurance company of the party at fault offers an 80/20 or 90/10 to the other company, which it accepts without question because the alternative is to actually do some legal work and actual investigation. Which means $$$. For the most part insurance investigators for some companies are akin to most real estate appraisers...highly paid, uneducated rubber stamps.
Someone who works for an insurance company- prove me wrong.
Posted: Tue Nov 10, 2009 06:31 am Post Subject:
I think you are assuming that both get an increased rate. This is not always the case.
Who said anything about an insurance company not investigating a loss? Truth is, you're just making stuff up. I spend a good portion of my day investigating claims. In the case of auto accidents I obtain statements from both parties, I obtain a copy of the police report, I inspect the vehicles in the accident and I talk to any witnesses. What more would you have someone do?
If an adjuster does not think they should give up 10% or 20% then they won't. Just take a look at a company called Arbitration Forums Inc. They arbitrate a whole lotta claims each and every day when insurance companies can't agree on settlements,
Someone who works for an insurance company- prove me wrong.
Do you want to see my paycheck or the fact that I'm not getting a raise this year. Do I need to post my diploma?Oh, and no Christmas Party either (which was just a dinner at a restaurant).
Posted: Tue Nov 10, 2009 12:43 pm Post Subject:
For the most part insurance investigators for some companies are akin to most real estate appraisers...highly paid, uneducated rubber stamps.
AJ, what are you basing this WEALTH of information you have? I'm with T, every single day a min. of 9hours a day work on claims in one way or another, statements, inspects, scene investigations, statements, tracking down people etc.. ... Last year got a 1% raise, this year probably none...the 'economy' you know.. :roll:
What is it you do for a living AJ that you can make such harsh judgements about industrys and/or profession(s) you clearly know absolutely nothing about?
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