Car accident, No insurance, Can it be settled? HELP Urgent !

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PostPosted: Tue Feb 19, 2008 3:14 am   Post subject: Car accident, No insurance, Can it be settled? HELP Urgent !  

Hi, my hysband had an accident in Oct 07 and we had no insurance at that time. It was cancelled since we missed payment. We are in very bad situation financially. The other insurance co. sent us a letter asking for $3900 not sure how they come up with that amt. The car tt got hit is minor hit on the side. They threaten to send it to the attorney for collection and revoke my husband driving priviledges.



My questions are can we settle the amt for less, how to do it? If i choose to make payment i do not know how long it takes since we have very little money left afetr bills, do i have to ask how did they come up with the amt? and usually will they provoke the DL?Thank you !!


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cutiebear112
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PostPosted: Tue Feb 19, 2008 3:45 am   Post subject:   

You can make a settlement. In light of your financial situation, you will be able to make payments over time, until the debt is payed. If you have access to free legal advice, you should take advantage of it to help negotiate a lower obligation.

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PostPosted: Tue Feb 19, 2008 4:21 am   Post subject:   

You can ask them to send you a copy of the apprasial or estimate done on the vehicle so that you can review it.



You can certainly ask them to reduce the bill but they may ask you to sign a document confirming that the lower amount will be paid. If nothing else, they would not lower the bill without some hesitation.

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PostPosted: Tue Feb 19, 2008 4:28 am   Post subject:   

The incident might have taught you the lesson that no matter what you always have to maintain atleast the minimum liability coverage on your car.



However, inform the insurer that you're willing to pay the compensation and at the same time may wish to negotiate the amount payable. When you are already in a bad financial situation the suggestion of hiring a legal rep. may not be the best one for you.



Regards,

Mathew Allan


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Mathew Allan
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PostPosted: Wed Feb 20, 2008 3:53 am   Post subject:   

Yes you need to work out a payment plan. It's really your only solution to an already bad situation.

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