by Guest » Thu Jan 29, 2009 06:34 am
I hit some ice and my car went into a ditch. It is partial at fault, but in any event I have a $1000 deductible, when do I have to pay this? I did alot of damage, just a little to the body but I wrecked my trnasmission. Is there a chance I pay this over time or do I have to pay before they will fix my car?
My car is nondrivable and they will give me a rental for 16days, but I don't have $1000 to pay right now. Do i Pay it to the insurance company or to the garage?
My car is nondrivable and they will give me a rental for 16days, but I don't have $1000 to pay right now. Do i Pay it to the insurance company or to the garage?
Posted: Thu Jan 29, 2009 11:04 pm Post Subject:
I thought once you DO have a Deductable 'in place', on your Insurance policy, you can't change it right in the middle of things? Hope you can understand my question, LORI.
That is correct SD but you aren't changing the deductible...many times (especially now) an adjuster will find as many appearance allowances or owners will chose not to repair certain things they can live with rather than have to pay their entire ded...another example....3k in damages (all body work so it won't be so confusing) 1k deductible, ins. company is paying 2k to owner/insured right? ok, well in this 3k in damages is are two h/lamps that are being replaced and each on only has a deep scratch they still look fine and they cost 500k...so the owner says, 'i decided i'm fine with those headlights just they way they are don't replace them.'' so that 1k goes against their deductible now reducing it to zero ON THAT JOB ONLY....
Posted: Fri Jan 30, 2009 01:34 am Post Subject:
However.......when this accident happened, my Insurance company DID say it was NOT a 'No Fault' accident ( I think that's the words they used). How can the accident be ANYONE'S fault when it was just that..an accident.. and I din't hit anyone?
You did not control your vehicle and is the reason that they would consider it an "at fault" accident. Now if a deer ran out in front of you and you struck it... that would be a different story.
Posted: Fri Jan 30, 2009 09:50 am Post Subject:
As what Dasfuk said above, the fact that you reacted and tried to do something, thus taking control of the situation made it worse, if you were completely unawares and taken by surprise then you wouldn't have to pay.
Posted: Fri Jan 30, 2009 10:43 am Post Subject:
just an fyi, ''at fault'' means 'chargeable' you will likely see a rate increase for this one.
Posted: Sun Feb 01, 2009 03:53 pm Post Subject: kinda sounds shady
We all know how expensive transmissions can be. minimul body damage and a damaged transmission may raise some eye brows. Deductibles must always be paid before the Insurer does anything. Although raising your deductible when you get a quote will lower your rates, this is the drawback of a high deductible.
Posted: Tue Feb 03, 2009 02:37 am Post Subject:
If the garage though agrees to payments from the insured then why would that have to be paid completely up front before the insurance company would pay? They (the insurance company) would have paid what they were responsible for leaving the insured to finish paying it off...it would not be a loss out of anyones pocket except for the garage owners. I do not get why they would not pay up before the deductible was met.
Posted: Tue Feb 03, 2009 05:10 am Post Subject:
Firey, the insurance company may expect the insured to pay the deductibles upfront when there is a lien in place. The insurance company is responsible for safeguarding the interest of the lien holder, and, therefore, may insist that the car get repaired properly.
Posted: Tue Feb 03, 2009 06:13 am Post Subject:
Hi,
I do not get why they would not pay up before the deductible was met.
This is about the coverage agreement between an insurance company and the insured. This agreement is based on other important factors which have been considered while arriving at the risk associated with the insured.
Don't forget that even the rate of premiums that have been paid by the insured for so long has been dependent on this risk factor. More the risk, more would be the premium. By opting for a greater deductible the insured is actually sharing more of the risk burden and thus achieving a lesser rate from his carrier. Now all of these could be followed through a legal agreement where the insured would promise to share his own loss along with his carrier.
Fatman
Posted: Tue Feb 03, 2009 11:34 am Post Subject:
Deductibles must always be paid before the Insurer does anything.
Sorry Roberts, this is incorrect information,I do not get why they would not pay up before the deductible was met.
You don't get it because it is incorrect...you are right Fire..The DAMAGE has to exceed the deductible..meaning the total cost of repair/replacement cannot be below the deductible...but once the damage cost has eclipsed the deductible the carrier wil pay the claim...the carrier does not EVER have to wait for the deductible to actually be paid (to whomever it's due) to issue payment..In fact to do so I'm sure would violate the fair claims practices. That (deductible) is between the insured and the vendor (if there is one)...
Firey, the insurance company may expect the insured to pay the deductibles upfront when there is a lien in place
Nope..lein holders have nothing to do with deductibles.The insurance company is responsible for safeguarding the interest of the lien holder,
Correct and that is done by way of issueing the draft in payment of the loss to the insured and the lein holder or the insured and a shop...and, therefore, may insist that the car get repaired properly
NO one can do that either...the carrier is bound to protect the leinholder and the insured ... has zero to do with the quality of repair (the owner picks the shop).Now all of these could be followed through a legal agreement where the insured would promise to share his own loss along with his carrier.
Agreed Fatman but this has nothing to do with the insured having to cough up a deductible prior to the carrier issueing payment for the claim (any monies above the deductible).Posted: Tue Feb 03, 2009 11:36 am Post Subject:
Fatman, I've a question...according to the OP the bodyshop owner has agreed to set-up a payment plan for him to pay the deductible later on.
I just want to clarify teh guy who does the body work here will let me pay later, I just assumed the insurance got the deductible. So all is good.
Isn't it violating the contract drawn between the insured and the insurance company? Can the insurer take steps against the policy holder for not contributing his part on time? Wouldn't it affect the claim of the OP?
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