| Message |
Author |
|
 Posted: Mon Jan 03, 2011 11:40 pm Post subject: What coverage does Geico offer with uninsured motorists? |
|
|
I have geico, liability insurance, with uninsured motorists on the policy. I recently got into an accident where a car cut me off and made me lose control and crash head on into the guard rail. Will GEICO accept my claim under uninsured motorist? Or does it have to be a hit and run for them to accept my claim?
This question has been stressing me out as I have been paying heavy school bills and I borrowed 10k from my father to buy the car which is most probably totalled.
Also, one more question speaking of my car totalling. The car was already a salvage title but Geico did not ask me while insuring me. I paid around 7k for the car and put alloys worth $1000 plus a little modifications here and there. If they do accept my claim how much would they pay me if they deem the car as tottaled. |
|
zoomzoom88
New member
Joined: 03 Jan 2011
Posts: 2
1.59 Dollars($)
|
|
| Posted: Tue Jan 04, 2011 2:47 am Post subject: |
|
|
| Quote: | | Will GEICO accept my claim under uninsured motorist? |
State law (and the policy) sometimes requires that there be contact between the two vehicles. Sometimes it requires some type of 3rd party confirmation that another vehicle was involved. Basically this is to prevent people from crashing their vehicle into something and getting their injuries paid.
| Quote: | | This question has been stressing me out as I have been paying heavy school bills and I borrowed 10k from my father to buy the car which is most probably totalled. |
Are you looking at Uninsured Motorist Bodily Injury or Uninsured Motorist Property Damage? UMPD would address damage to your vehicle and most people don't have it. If you have collision coverage this would address the damage to your vehicle as well.
| Quote: | | The car was already a salvage title but Geico did not ask me while insuring me. |
They probably would not have insured it if they new as they are charging you a premium based on it being worth a lot more as they cannot charge less. Expect that they will pay you around 25% less then the value of a non-salvaged vehicle.
| Quote: | | If they do accept my claim how much would they pay me if they deem the car as tottaled. |
Expect that they would pay the market value and consider all covered items. You may want to look at NADA and knock off 25% of the retail value. Though, I think GEICO uses CCC (a 3rd party vendor) for their values. Also, some "modifications" might not be covered under the policy and also don't expect to have the full amount you paid on something considered. It's what those $1000 rims add to the value of the vehicle as a whole (i.e. much less then $1000). |
|
tcope
Forum Expert
Joined: 22 Nov 2006
Posts: 5199
Location: Salt Lake City, UT
286.08 Dollars($)
|
|
| Posted: Tue Jan 04, 2011 3:40 am Post subject: |
|
|
Thanks for the response, can somebody elaborate on the quote:
State law (and the policy) sometimes requires that there be contact between the two vehicles. Sometimes it requires some type of 3rd party confirmation that another vehicle was involved. Basically this is to prevent people from crashing their vehicle into something and getting their injuries paid. |
|
zoomzoom88
New member
Joined: 03 Jan 2011
Posts: 2
1.59 Dollars($)
|
|
| Posted: Tue Jan 04, 2011 4:06 am Post subject: |
|
|
| UMBI pays for medical bills _and_ pain and suffering. So what is to prevent me from smashing my car into a wall, claiming it was a hit and run accident and then collecting $100,000 from me insurance company. In order to prevent this "scam" from happening many states have specific laws that either state a collision needs to happen or that there needs to be some confirmation that a 3rd party was involved. If state law allows for this, then policies will usually also include this language. |
|
tcope
Forum Expert
Joined: 22 Nov 2006
Posts: 5199
Location: Salt Lake City, UT
286.08 Dollars($)
|
|
| Posted: Fri Jun 10, 2011 10:25 pm Post subject: car incident |
|
|
one of your clients hit me and caused damage to my car and the occupants in the car were injured. Does your liability insurance cover for payments for my damages, injuries and pain and suffering
_________________
Register Now to have your Insurance queries solved. |
|
bettyjaye
Guest
|
|
| Posted: Fri Jun 10, 2011 10:25 pm Post subject: car incident |
|
|
one of your clients hit me and caused damage to my car and the occupants in the car were injured. Does your liability insurance cover for payments for my damages, injuries and pain and suffering
_________________
Register Now to have your Insurance queries solved. |
|
bettyjaye
Guest
|
|
