my car

frank · Posted: Sun May 04, 2008 6:00 am Post subject: my car

i just got hit ny a lady and they claim fault ny car book is 2700 i had a pior accident which was not my fault they gave me a check for 1600 i never got the door fic this time she hit my bumber and i think i need a new bumer if i can get the bumber done for about 850 will they pay me or total the car the car runs great 90000 miles

Lori · Posted: Sun May 04, 2008 11:14 am Post subject:

more than likely it's totaled..if it was 2700 ACV last wreck and sustained 1600 in damage that you didn't repair...reduce the value to about 1k or less (maybe) and 850 or more to fix....she's likely a goner

sdchargersfan · Posted: Sun May 04, 2008 11:32 pm Post subject: insurance

LORI..hope you can help me on this one. I was in an accident last year, in November. I paid a $500.00 deductable and the insurance company paid the rest. NOW...I have FULL coverage through my loan, for my vehicle. However....the financing, for the car DOES NOT include a rent-a-car. My vehicle is STILL driveable..I drive it everyday. To get ALL of the wrok done, from the damage of the accident, I need to leave it at my mechanics for 3 or 4 days. Do you know if there is a website ( or something to that effect..?) that I make monthly payments, for rent-a-car coverage?

Lori · Posted: Mon May 05, 2008 10:28 am Post subject:

sdchargersfan, I'm not sure I'm understanding your question...are you asking if there is a place that you can now purchase rental car insurance? That you could use while your vehicle is in the shop? I need to understand something first...Or are you asking is there a rental car company that would rent you a vehicle that you could then make payments for the rental ? (no by the way if that is the question).

You shouldn't have paid any deductible until your vehicle is completed and you are satisfied with the repairs, you then pay that to the repair company...you would've been 'charged' your deductible, by it's subtraction from the claim payment but not actually paid it yet...

sdchargersfan · Posted: Tue May 06, 2008 2:08 am Post subject: insurance

I'm sorry, LORI..if I'm not explaining this clearly. The finance company, I use for my car doesn't carry 'rent-a-car' insurance on it. They said they couldn't do that on a loan for a used vehicle. Usua;;y with ANY kind of insurance, you make monthly payments, for the insurance you get. I just wanted to know if there was anything like THAT, concerning rent-a-cars. Hope I explianed this clearly (sorry you din't understand the 'first time around.') No....I haven't paid the deductable yet,....I don't have to pay that until my car is done, and I pay THAT to the shop that's repairing my car.

Lori · Posted: Tue May 06, 2008 10:08 am Post subject:

All auto carriers would (I'd think) offer rental car insurance, however, I don't know that they would offer it alone...but maybe...which insurance company do you have your vehicle insured with? They should be able (for a price of course) add that coverage to your policy, that really shouldn't be any problem at all.

sdchargersfan · Posted: Tue May 06, 2008 11:11 am Post subject: insurance

The 'Full Coverage' I have ( of course, this was 'used' for my accident) is through Citifinancial ( where I have my vehicle financed). They said they "don't offer rent-a-car insurance. I don't know why...I THINK they said because it's a loan for a USED vehicle. Does that make sense? Do you know if I can get rent-a-car insurance through my Liability Insurance ( this is through Nationwide).

wilheldp · Posted: Tue May 06, 2008 1:07 pm Post subject:

Regardless of whether they offer the coverage or not, you apparently don't have it for use on this claim. If you need a rental car for a few days, and can afford around $100 total, you can ask your insurance company to reserve you a car at their rental company of choice. I did not have rental car coverage on my policy when I got in an accident, but Nationwide was more than willing to reserve me a car at their rate which worked out to $30/day. You won't likely beat that rate if you get the car on your own.

wilheldp · Posted: Tue May 06, 2008 1:11 pm Post subject:

^^ That was me. I finally decided to sign up since I lurk here a lot.

sdchargersfan · Posted: Wed May 07, 2008 3:31 am Post subject: rent a car

Well..maybe I'll do that. Thanks for the advice, WIL. You said you, "lurk here alot." OMG!! I hope that's a GOOD thing?! LOL For my Liabilty,can I put in a request, to put Rent-a-car insurance on? Or does the rent-a-car insurance have to be through a 'full coverage' policy?

Lori · Posted: Wed May 07, 2008 10:19 am Post subject:

wait a minute here SD

wilheldp · Posted: Wed May 07, 2008 12:27 pm Post subject:

sdchargersfan · Posted: Wed May 07, 2008 2:03 pm Post subject: insurance

Ye...I've spoken to Nationwide. They would more than happy to do that. However....I had to take my car into them and get it 'inspected' ( had to look at the windshield to see if it's 'serviceable'..I mean it couldn't have cracks in it, etc.) I windsheils has a few cracks ( little round holes is the best way i can describe it), from rocks hitting it ( driving behind trucks, etc.) and I have to get the winsheild fixed first BEFORE I can add Full Coverage through them. Does this make sense? I'm sure i would save a BUNDLE doing this. yes...right now my Full Coverage is through the loan for my car.

InsTeacher · Posted: Wed May 07, 2008 4:44 pm Post subject:

OK...first of all- what happened to the OP Frank

Hmmmmm...love it when the question posed is incomprehensible and the OP never follows up...

As far as what SDChargersfan posted- Anytime that a lender places what's commonly called "Vendor's Single Interest" Insurance, or "VSI" on a car, it's normally due to the idea that the borrower either never insured the physical damage on the car naming the creditor as liendholder, or the policy has lapsed and the lender is protecting their interest.

As Lori said- having the lender provide the physical damage coverage is typically extraordinarily expensive, and remember- this is comp and collision coverage only and will NOT protect the insured from liability situations.

Why people let this occur is beyond me. The only thought that comes to mind is that the insured simply doesn't know any better. Now, SD- you know what's up and--- don't pay more in premium than you must!

InsTeacher Cool

sdchargersfan · Posted: Wed May 07, 2008 8:20 pm Post subject: insurance

I'm alittle confused on your 'reply'. I have my car financed through Citifinancial. THEIR insurance is what the Full Coverage is through. At Nationwide, I have ONLY liability. How can I be the leinholder if my vehicle is financed through someone? Or...am I just NOT reading your reply correctly?

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