What to do if I'm at fault?

Submitted by Eric77 on Mon, 01/15/2007 - 20:21

I backed into an Acura -- totally my fault -- and bashed in the front quarter panel. I told the owner I would pay for the repair, figuring I was better of handling it that way than having her file a claim with my ins co, to avoid higher rates However, the estimate from the body shop (which I trust and have used in the past) came to more than I expected -- $970. So now I'm wondering if I should tell her to file a claim instead. If it makes any difference, I've not had any claims on my policy for at least 5 years. Anyone have any thoughts?

thanks,

Eric

Posted: 16 Jan 2007 12:12 Post Subject: Unfortunate

Im sorry that, that happend to you Eric, at least you and everyone is alright...Unfortunatly when you submit a claim it will usually result in some type of increase in premium on your policy. Again every company is different and for this reason you may want to contact your agent. It is a good thing that you have not had a claim in 5 years as you will most likly not be dropped by your company from this but you will prob experience a rate increase. How much that increase is I can't tell you the companies rate on different things and depending on the amount of the claim etc. Some have a threshold that if it is below a certain amount they will not count it..etc. So speaking with your agent would help.

Another thing to do is when you policy renewal is issued, take a look at it and if it seems to high run your rates somewhere else and see if you can get something better. I also know that in my area there are a couple companies that are now offering accident forgivness meaning that they will wave your first accident if you are free of accidents for some time or if you pay a slightly higher premium, who knows your company may offer this, so I would talk to you agent and see what they say about your company before actually putting a claim into the company. I hope that this helps a little.

Posted: 16 Jan 2007 05:17 Post Subject:

I also know that in my area there are a couple companies that are now offering accident forgivness meaning that they will wave your first accident if you are free of accidents for some time or if you pay a slightly higher premium.....


Hey, may i know where do you stay? I would love to shift there, cuz I have a pretty bad driving record. Who knows when I shall end up hitting someone at the back. :lol:
Thanks,
Evan

Posted: 16 Jan 2007 06:08 Post Subject:

I am in the state of Pennsylvania...... :o)

Posted: 16 Jan 2007 06:11 Post Subject:

Hey Lakemen...did you get my e-mail earlier?

Posted: 16 Jan 2007 06:11 Post Subject:

Hi Nique,
I am soon gonna shift to your state. :lol:

Posted: 16 Jan 2007 06:13 Post Subject:

Yes Allstate is one of the companies that is offering Accident Fogiveness in my state...they just started it this year...there is also another company and I am having trouble thinking of the name at the moment that will forgive an accident after being accident free for 5 years...

Posted: 16 Jan 2007 06:14 Post Subject:

Hey Lakemen...did you get my e-mail earlier?


I dint get any mail from you. :shock: Where did you send it?

Posted: 16 Jan 2007 06:17 Post Subject:

I sent it to your e-mail... 'lakemen@ampminsure.org' and it would have come from my e-mail 'moniquedatgetcohenassociates.com' I would send a PM but I am having trouble figuring out how to do that.

post edited by lakemen, email id removed for privacy reasons.

Posted: 16 Jan 2007 06:22 Post Subject:

Sorry, I am having some problem logging to my gmail ac now.

I would send a PM but I am having trouble figuring out how to do that.


Its very simple. just click on the pm tab that comes with my post. It is also present in each of the registered members' posts.
Hope you got it.

Posted: 16 Jan 2007 06:49 Post Subject:

hi nique,
I have replied to both your PMs. Please check your mailbox.
Thanks,
Lakemen.

Posted: 16 Jan 2007 10:23 Post Subject:

Oh sorry to hear that eric. But i think nique is right. You need to talk to your agent and ask some professional advise on what to do with your case.

Good luck!!

Joven

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