Total Loss Options

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Posted: Mon Mar 31, 2008 11:26 am Post subject:

Quote:

Thanks for the reply. Now..if Nationwide DIDN'T agree with the decision ( of reporting the car as a 'loss'), can they 'dispute it' with Travelers? Or....if the owner of the car din't agree with Travelers, can THEY dispute it?

Yes, if I'm understanding you correctly...if a person has collision coverage under their policy and another person causes the damage to their vehicle they always have the option of which company/coverage to use...for example if their owner carrier is offering them more than the other...they can use their own, then their carrier will subrogate the at fault carrier....is that what you mean?
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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.

Lori

Moderator

Joined: 10 Sep 2007
Posts: 8173

Location: Missouri
287.90 Dollars($)

Posted: Mon Mar 31, 2008 12:26 pm Post subject:

Hey Chargers Fan, Nationwide would have no reason to agree or disagree with the decision to total the car because they are incurring no expenses on this claim. Since fault has been determined, and Travelers has taken over the claim, Nationwide will be reimbursed for their expenses and will not have to pay out anything on my claim. _________________ Register Now to have your Insurance queries solved.

wilheldp

Guest

Posted: Mon Mar 31, 2008 12:45 pm Post subject:

Quote:

Nationwide will be reimbursed for their expenses and will not have to pay out anything on my claim

How can you be 'reimbursed' but 'not' pay out anything?
_________________
"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.

Lori

Moderator

Joined: 10 Sep 2007
Posts: 8173

Location: Missouri
287.90 Dollars($)

Posted: Mon Mar 31, 2008 1:30 pm Post subject:

Quote:

How can you be 'reimbursed' but 'not' pay out anything?

Well, they had expenses like tow bill from my impound lot to theirs, the cost of the time they spent on the claim until it was handed over, etc. By "not have to pay out anything", I meant they didn't have to give me a settlement check or pay for the damage to my vehicle.
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Register Now to have your Insurance queries solved.

wilheldp

Guest

Posted: Fri Apr 04, 2008 6:01 am Post subject: accident

Thank you, BOTH...LORI and WILHELP. The last post clarified alot for me. I guess that's something I din't realize, either. Makes ALOT more sense now.