total loss

by Lori » Thu Dec 27, 2007 09:28 am
Posts: 8089
Joined: 10 Sep 2007

Posted: 26 Dec 2007 19:42 Post subject: total loss and rental

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I was in a wreck 12/07/07 and liberty mutual has totaled my car out, but my lien holder hasnt recvd a p/o yet, and they are cancelling my rental is there a way to extend that out? and im in tx, i wanted to request pain and suffering because im in therapy for the next 8wks and can only work parttime, is there limit on the amount i can ask



author: sade moved from another post
(this post was tacked on to another thread, felt it was clearly a 'new' problem so moved it here...

Total Comments: 7

Posted: Thu Dec 27, 2007 09:44 am Post Subject:

Sade, first welcome to the community....

When did you agree to the total loss figure? I know the accident was Dec 7th, but when did you reach agreement? It could be that your lein holder hasn't provided Liberty Mutual with the information they need (among which is a GOT or guarantee of title release)...call your adjuster and ask what is the hold up..and call your lein holder as well...

Re; your rental they will generally only keep you in a rental 72 hours or so after an OFFER of settlement has been made not an AGREEMENT and OFFER...when was that?

re: your injury these vary and yes of course you are entitled to an injury settlement (pain and suffering) above your actual expenses (medical, time off work etc)...however don't even consider this till you have finished your treatment and have been released from your doc.

Posted: Fri Dec 28, 2007 06:14 am Post Subject:

Congrats Lori!! I guess this is your first moderation job since you become the moderator of ampminsure. Seems you are enjoying it already. :D

It could be that your lein holder hasn't provided Liberty Mutual with the information they need



Yeah, the insurer needs to clear the title of the car form the lien holder when they total the vehicle. And this takes place once the lien holder receives the ACV on the car. The transfer of title will ensure that the lien holder had agreed to accept the amount paid towards the claim and will not make any claim on the car henceforth. The insurer will then take the car to the salvage to obtain some return from its resale.

Posted: Fri Dec 28, 2007 08:23 am Post Subject: Quite right!

re: your injury these vary and yes of course you are entitled to an injury settlement (pain and suffering) above your actual expenses (medical, time off work etc)...however don't even consider this till you have finished your treatment and have been released from your doc.



Quite true!
And this would need all the supporting medical docs duly signed by the medical practitioner.

Posted: Fri Dec 28, 2007 10:54 am Post Subject:

Congrats Lori!! I guess this is your first moderation job since you become the moderator of ampminsure.

Rupert you so funny, I really enjoy your posts! And no actually there were couple other 'duplicate' posts I got rid of ! :wink: :lol:


Another thing that can hold this up, if you owe way more than the vehicle is worth (commonly referred to as being ''upside down''), then the lein holder will need to have a sure fire way of collecting this balance before they will release this title (unless of course you have GAP insurance)..

Let us know after you speak with both the adjuster and the lein holder...

As to your question re:rental, (not sure I was clear on that)...The insurance company is under no obigation to maintain you in this vehicle once they have made an offer of settlement.

Posted: Sat Dec 29, 2007 08:54 pm Post Subject:

I did not notice in your post if you were the insured or the claimant.
If you are the policy holder you could have GAP insurance which would put you back as whole.
If you are the claimant, they only owe you the retail value.
If you call the adjuster and you are not the one holding up the process in any way, sometimes they will extend the rental, especially if the lien holder is holding the process up. The insurance company does have a time frame they have to meet, so they will take you out of the rental to help move the claim along.

Posted: Sat Dec 29, 2007 11:22 pm Post Subject:

I did not notice in your post if you were the insured or the claimant.

Jake I assumed the OP to be a claimant due to this statement...

im in tx, i wanted to request pain and suffering because im in therapy for the next 8wks and can only work parttime, is there limit on the amount i can ask

I could be wrong, (or the OP is, or it's a UM claim :? )...that is the assumption I went on...unfortunately we have to 'assume' alot here some times :wink:

Just to clarify GAP insurance is purchased totally separate from any P&C auto policy generally at the time of purchase. either from the leinholder or recommendend (kind of like credit life) from the dealer..would work for OP if they have GAP either way, (clmt or insured).

Posted: Sun Dec 30, 2007 01:55 pm Post Subject:

I purchased GAP insurance on my new car last year, because I bought in the winter and was going from a 4x4 Jeep to a front wheel drive care, I bought it for piece of mind to make sure that I would be covered because I did not want to end up owing on a car if I did not have it, if it became totaled or what not.

Is this a new vehicle or an older vehicle, I could not find that in the post, this one says 1of 1. So I am assuming this is a one page post as of now.

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