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 Posted: Sat Nov 15, 2008 8:02 pm Post subject: Quick question about At fault claim that never went through |
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In 07 I backed my truck into a car who was parked pretty much right on my bumper, lifted truck + parking in my blind zone = collision.
Anyways I only put 2 quarter size dents on his hood. I was at fault and agreed I was at fault, the thing is my insurance company never went through with the claim, the guy just forgot to go through with it, his car was never fixed and my insurance never payed them out.
My question is, is there a way I can get that accident removed from my record because nothing ever happened? It's an incomplete claim and I can barely pay my insurance as is and the difference between having one accident on my record and none is about $74 a frigging month!
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SeriousSam#
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| Posted: Sat Nov 15, 2008 10:56 pm Post subject: |
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| You could ask your carrier but they won't do it. It's an "at fault" accident even if they did not pay anything and that is precisely what they are tracking. |
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tcope
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| Posted: Sun Nov 16, 2008 11:12 pm Post subject: |
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| Wow that really does stink. Its a shame its set up this way even though nothing was paid on the claim. I think you will see this rate hike for at least a couple years. I would try to talk to your insurance company just to see but chances are its already on there and nothing you can do. Good luck. |
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fireyone
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| Posted: Sun Nov 16, 2008 11:31 pm Post subject: |
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That's one of those claims (if the guy wasn't in the car at the time of impact) that a person should've offered to pay out of pocket and not even file with their carrier, if your premium goes up that much GEEZE. You could've paid out of pocke nearly 900 in damages to the guy for what one years prem. increase is.....I'd be shopping brother...ask your carrier if you call the guy and he agrees to let you pay out of pocket or officially withdraw the claim, (probably be better to get a letter from him saying you have 'satisfied' the claim)...if they then will drop it.
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Lori
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| Posted: Sun Nov 16, 2008 11:33 pm Post subject: |
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| Thats an excellent idea Lori....you do your job well. Here I thought it was one of those hopeless..oh gosh dang it..kind of things. |
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fireyone
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| Posted: Mon Nov 17, 2008 4:56 am Post subject: |
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Lori has a suggestion, but I doubt that it'd be possible to remove the accident altogether from the record since you have placed the claim with your insurer. The record might have gone already to the CLUE report which is accessible by the insurance providers. Also the record will remain on your driving history which too will influence the auto premium.
I think shopping around is a good idea. You might get a competitive rate for same coverage with another carrier.
~Jeremy |
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JeremyHolter
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| Posted: Mon Nov 17, 2008 12:18 pm Post subject: |
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I disagree jeremy if the clmt owner will in writing withdraw any claim or acknowledge the claim has been satisfied, if my carrier wouldn't do something to help me out since they paid 'naaaada' i'd be taking that documentation to my states d.o.i. with a request for assistance...and I think i'd get it...
| Quote: | | you do your job well |
well fire, as my grandpa always said, '' even a blind hog will find an acorn once in a while' 
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Lori
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| Posted: Mon Nov 17, 2008 3:24 pm Post subject: |
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Rates are based on risk, not money paid out. Always has been. If rates were based on money paid out, it would be called banking and not insurance.
As such, I don't see why the carrier should lower the rates just because no money was paid out. On the flip side, should they increase rates by $1000/month when that pay a $20k claim?
There are many other reason's the OP's rates could have increase other then one chargeable accident. |
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tcope
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| Posted: Mon Nov 17, 2008 7:39 pm Post subject: |
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| True. We may not see the whole picture here as we don't know what his driving record is. I just think it might be worth a stab to try Lori's idea. The only thing lost would be a little time and that may be worth the extra money not paid out due to the rise in the OP insurance. Guess the OP should call and see exactly why his rates rose so high. |
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fireyone
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| Posted: Tue Nov 18, 2008 1:43 am Post subject: |
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| Quote: | | Rates are based on risk, not money paid out. Always has been. If rates were based on money paid out, it would be called banking and not insurance |
ah but my friend rates, and 'puniative increases' for using the policy are different...for instance has every company you worked for not had a pay out threshold prior to an increase? ie, the company I work for now has to pay out on an at fault or chargeable loss in excess of 600 (coll or pd) for a rate increase to be generated...prior carrier i worked for it was 400, (course that could be higher now)...maybe it's a MO thing... | Quote: | | As such, I don't see why the carrier should lower the rates just because no money was paid out. On the flip side, should they increase rates by $1000/month when that pay a $20k claim? |
I think he has a great arguement (depending of course on the rules/laws and regulations for his state
The great state of MO, will not allow a rate increase simply because an ''at fault'' loss was reported...it must have a payment issued for there to be a rate increase...
| Quote: | )...In connection with any accident caused
by the insured, an insurer may request an
increase in premium as a result of payment by
an insurer to or on behalf of the insured in
settlement of any claim made by or against
the insured.AUTHORITY: sections 374.045 and 379.470,
RSMo 1986.* This rule was previously filed
as 4 CSR 190-17.100. Original rule filed
*Original authority: 374.045, RSMo 1967, amended
1993, 1995 and 379.470, RSMo 1947. |
The more I think about the more I think the payment 'threshold' is likely a company thing...
And of course MO does not allow any rate increase for comp, or um losses and many collision losses (ie hit and run while parked, rearended etc.)...
So I still think it's a good idea for the op to check with his states DOI, won't cost him anything...
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Lori
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| Posted: Tue Nov 18, 2008 11:53 pm Post subject: |
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This will be on your record for 3 years no matter what. This is unfortunate, since your insurance company never was out money and didn't even pay a claim. You may considered looking at new insurance companies and getting quotes. A lot of small accidents as this only make rates go up about $40, in other words it seems as if your insurance company is charging a lot for such a small accident and it wouldn't hurt to get a few quotes. A lot of auto insurance companies are offering accident forgiveness now in which the first accident don't even increase premiums like yours did.
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justong
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| Posted: Wed Nov 19, 2008 2:48 am Post subject: |
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| So it is true...accidents stay on your record for three years. I remember my sister getting a speeding ticket and the judge dropping it down to something much less. He told her it would be on her record for a year, not three. He also said he would let her in on a litle secret that if she wasn't in any accidents in that next year her insurance company would never find out and raise her rates so she may not want to report the ticket. My jaw dropped that he would tell her that! I can't even remember now what he reduced the ticket to but he fine was only like $150 with court costs. |
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fireyone
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| Posted: Thu Nov 20, 2008 12:14 pm Post subject: |
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Well first off staying on your ''record'' is two different things fire...one with the DMV one with your ins. carrier...
Secondly the judge was wrong...if the carrier happened to run a CLUE which they do randomly she'd have been caught...however, I would NEVER call my agent and say, ''just got a speeding ticket'' no where does it require us to do so...why ask for an increase in premium...
I'm still on the side of no pay out of this OP's claim....wish he'd post the state so I could check that...i think there is much more to this HUGE increase than this CWP (closed without payment) claim.
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"Never, never be afraid to do what's right, especially if the well being of a person or animal is at stake. Society's punishments are small compared to the wounds we inflict on our soul when we look the other way." Martin Luther King Jr. |
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Lori
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| Posted: Thu Nov 20, 2008 3:20 pm Post subject: |
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I never even knew of a CLUE report til I came here. I guesss it would have been sad if her company would have ran one. I also am glad you don't have to report speeding tickets but you think they would come up at the time of renewal. Don't they check over you r driving record and such at that time?
I think the judge felt bad for my sister cause she didn't know the area and she got caught in a school zone (35 in a 15). Problem was it was 35 through there until the school started or let out BUT the sign was behind a tree with tons of branches and leaves and on a curve. You could not see the school sign flashing untilyou were around the sharp curve and then had to practically slam on the breaks by that time it was too late. We suggested to the judge that the sign should be moved or at least made so someone approaching from that direction could actually see it. |
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fireyone
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