Who knows auto insurance? Ins outs loopholes

[Ricko1966]

Still no police report!!!!! GRRRRR!!!!

 

[electoqute]

Interesting. What’s cya? UIM?
Are you saying your full collision coverage on your $60k truck didn’t pay the rest?

CYA = cover your ass
And no they paid $47 I got stuck with the rest. Most insurance only covers what a comparable replacement would cost ( Kelly blue book value ) IN YOUR AREA. accessories or upgrades don't count.

 

[Grit dog]

CYA = cover your ass
And no they paid $47 I got stuck with the rest. Most insurance only covers what a comparable replacement would cost ( Kelly blue book value ) IN YOUR AREA. accessories or upgrades don't count.

You didn’t answer the question.
And I’ll assume you didn’t have UIM (I don’t because it’s a waste if you have full coverage, you’re only gambling your deductible).
Your previous post said you got the $30k from the OP and that was it. But uou added now that your ins actually covered the difference. Like they should.
Out of curiosity what was the vehicle and miles on it?
And accessories and upgrades don’t count more than whatever you have or you’ve added to your ACV coverage ….for YOUR policy. If you’re getting covered under another at fault party with sufficient insurance they’re on the hook (up to totaled cost + accessories/mods).
But what sounds like really happened is you had a vehicle that you were upside down on and that isn’t your primary insurance policy responsibility. Or just flat got hosed on the ACV.
If you showed the ins a half dozen comparable vehicles to yours for sale for $60k ( then you add TT&L) you’d have gotten that much. If you didn’t, they will take advantage of you.
Also I’d like to know what Insurance company you can get stated value coverage on a normal newer vehicle for $20/mo extra. It don’t work that way stated value is used only for exotic, antique/ highly modified and most require an appraisal. However AmFam does it in house no appraisal for classic cars. Got 2 like that currently.
Your extra $250k cya coverage is not collision coverage either. A large round number like that is either liability, PD or BI coverage. None of which cover your vehicle.

 

[Grit dog]

Still no police report!!!!! GRRRRR!!!!

Any update?

 

[Grit dog]

I see alot of confusion and lack of understanding about auto insurance. As it is a significant expense with even more significant ramifications attached, for any law abiding person, it pays to get oneself at least a working knowledge of your policy’s and what they cover and what you donor don’t need, as well as understanding of how others policies can benefit or hurt you. (Like the state min coverage and how to defend against that)
Furthermore, insurance companies are a retail business and they make money on sales. The more policemen the more adders they can sell you, the more $ they make. They don’t make jack **** selling state min coverage liability policies because these are the highest risk customers. They make $ selling adders like UIM BI and PD, BI polices, towing and service packages, more liability coverage than you need, etc.
UIM is a sham because you have to have full collision to get UIM. So now you have 2 coverages for the same thing (your cars damage) and the only difference is UIM is zero deductible. So you pay $150 per term for UIM and after 2-4 years you’ve paid more than your deductible would cost to use collision coverage.
BI for self? Like UIM, if you have normal health insurance, you’re only gambling your health ins deductibles and co pays to get your injuries fixed. And if it’s serious you probably ain’t got enough BI to cover it anyways.
All food for thought.
Not only is coverage expensive, but so is getting hosed by not knowing what’s covered and what isn’t.

 

[Ricko1966]

Oh this deal 8s total B S. Busy atm will post later.

 

[Ricko1966]

Okay to this point what has happened. The policeman had 14 days to write his report , he used all 14. We got and read it. It is totally screwed up he has my sons car in the center lane, but he was in the far right lane. He has the damage to my sons car listed as front center. Nope Vince was hit on drivers side and bounced checked off of something, he has the wrong license plate listed as my sons car, and my sons statement as to what happened completely wrong. Everything lines up including the statement as to what happened with a different car and driver. The one in the center lane. We went to the police station and they will not correct or ammend it. They let Vince write a 2 paragraph statement, stating that is not how he described the crash, not the damage to his car, and not even his license plate number. So we think the officer waited too long to make his report and got the drivers mixed up. The person who ran off only speaks French,I guess visiting our country and freaked out scared and ran. So far everyone has turned out to have insurance, to the best of our knowledge. Now it's down to the insurance companies to figure out who did what and who's responsible. The center car occupants left in an ambulance Vince doesn't know if they were alive. 4 cars total, 4 cars totalled. The way the wreck happened somebody broke down on the highway, left there car in the centerline no lights, no flashers. The center car didn't see it until it was too late rear-ended the parked car which bounced them into Vince the 4th car plowed.into the whole mess. But they have Vince on paper as the driver that rear-ended the parked car.

 

[Grit dog]

^Wow…wtf? Ya that is actually a problem. The part about your son being the car that set off the chain reaction and rear ending the stopped car.
Hopefully his ins info isn’t on the police report, or hopefully Kansas as tough as they are on other weird stuff doesn’t consider the broke down car a vulnerable user. If they do, it puts everything on him as his fault potentially. From an insurance perspective. Ins co doesn’t care that he didn’t get a citation.
Have had this happen twice. Once long ago wife rear ended a little car. Just annihilated it. Little car was stopped in L turn lane at intersection. Wife passing through on a green in the L thru lane. Car in right lane cuts L clips front of wife’s truck, she is pushed/swerves into stopped car.
Bam! Her fault, apparently she should played demo derby with the car that clipped her….
Next was the one you may remember me bithcing about here. Son rear ends a tweaker that locks up his brakes and stops dead unexpectedly for no reason.
Technically ya following distance awareness etc. Tweaker gets every possible citation in the book after being arrested for hit and run, no license insurance registration, AND causing the accident.
Both times ins co says it’s your fault, you hit a vulnerable user of the road.
Thats why they must say if you rear end someone it’s always your fault.

I would have him/you contact every insurance company with sufficient explanation and proof (like damage to his car not consistent with rear ending someone at speed or at all). I could see all 3 of the other parties potentially getting him/his insurance on the hook based on what you said.
Sorry, I know this is wordy every time, but I feel like we’ve been on the receiving end of bad/false insurance decisions many times.

Hell, I’m arguing with collections about a bill form 1 company for a 6 mo policy that was canceled the day it renewed (son switched back to old ins co at the same date and never lapsed coverage nor had an outstanding balance. Well 1 day of coverage potentially based on the dates. I have mounds of proof including a zero balance owed email from the company in question a month after he supposedly took the plan. Progressive didn’t do chit about it and then sent to collections. Have gone rounds with them and Collections for almost 3 years now and they just made up another story that said the money owed was now for the previous 6 months, that was paid in full. At the end of the day imma get hosed. They’ve dropped it 50% and are holding there simply because they bought a false debt. All started by an ins co fck zing it up!)

 

[Ricko1966]

Okay interesting turn of events. 3 of the 4 cars were insured with progressive and they have one person working on all 3, so far the stories have coordinated that Vince was in the far right lane not the center lane. The car that was unoccupied and parked in the middle lane of a 70 mph stretch of highway, with no lights or hazards at midnight was insured by American Family. American family called just a couple hours ago, said they just got the police report and are working on it. They noticed the Tag number in the police report was not registered to Vince. So he got the opportunity to tell American Family, no that is not my tag, the vehicle damage does not match my car and I didn't hit anyone I got hit. So thats a positive. I'm not sure how insurance works for sure but I'd bet since 3 of the 4 cars are insured by progressive and the abandoned car was the root cause of everything, I'd think progressive is going to tell American Family you guys owe all 3 of our customers cars,medical reimbursement and lost wages.

 

[Grit dog]

That’s great news. I have AmFam now and my only issue which is to your benefit is they like to payout other party and get it off their books/reduce risk.
And should be easy to get the flow down for collision money for Vince’s car because they gotta pay that cuz Progressive #1 hit Progressive #2(vince) so that processes straightforward and then Progressive can subrogate back to AmFam.