Insurance Question - GM Forum - Buick, Cadillac, Chev, Olds, GMC & Pontiac chat


Lounge For casual talk about things unrelated to General Motors. In other words, off-topic stuff. And anything else that does not fit Section Description.

Reply
 
 
 
Thread Tools Search this Thread
Old 04-27-2007, 01:05 PM   #1
Senior Member
Posts like a Supercharger
Thread Starter
 
Join Date: Feb 2007
Location: Trenton Ontario
Posts: 188
Thanks: 0
Thanked 0 Times in 0 Posts
Jarvisx2000 is on a distinguished road
Default Insurance Question

How do insurance companies work if you wreck your car and its your own fault? Right now I have to wait for a police report but I was just wondering if accidents are covered when you are at fault yourself. I know if you rearend someone and its your fault you are covered. Same thing?
Jarvisx2000 is offline   Reply With Quote
Old 04-27-2007, 01:06 PM   #2
Junior Member
 
Join Date: Mar 2004
Location: Purgatory
Posts: 0
Thanks: 0
Thanked 0 Times in 0 Posts
harofreak00 is on a distinguished road
Default

what policy do you have? liability? full coverage?
harofreak00 is offline   Reply With Quote
Old 04-27-2007, 01:08 PM   #3
Senior Member
Posts like a Supercharger
Thread Starter
 
Join Date: Feb 2007
Location: Trenton Ontario
Posts: 188
Thanks: 0
Thanked 0 Times in 0 Posts
Jarvisx2000 is on a distinguished road
Default

full coverage
Jarvisx2000 is offline   Reply With Quote
Old 04-27-2007, 01:15 PM   #4
Senior Member
Posts like a Corvette
 
Join Date: Nov 2006
Location: Alberta, Canada
Posts: 1,446
Thanks: 0
Thanked 0 Times in 0 Posts
ddalder is on a distinguished road
Default

The insurance company will pay out whatever they determine the value of the vehicle to be at the time of the collision (pre-damage). Often an adjuster will look at the car to make a determination as to whether it was average, clean, extra clean etc. Year, trim level and other factors are considered. If you don't own the vehicle outright (ie a lien due to a bank loan), the cheque will be made jointly to you and the lienholder. They will negotiate the cheque and cut you one for the insurance payout less the outstanding loan balance. At least this has been my past experience.
ddalder is offline   Reply With Quote
Old 04-27-2007, 01:25 PM   #5
Senior Member
True Car Nut
 
Join Date: Dec 2003
Location: Right in front of you
Posts: 7,965
Thanks: 0
Thanked 0 Times in 0 Posts
SSE14U24ME is on a distinguished road
Default

checks aren't always made to lienholder and insured. My company makes the check out to the insured or the shop. If it is a total loss then they just mail it to the bank and pay the insured any difference.
SSE14U24ME is offline   Reply With Quote
Old 04-27-2007, 01:27 PM   #6
Senior Member
Posts like a Supercharger
Thread Starter
 
Join Date: Feb 2007
Location: Trenton Ontario
Posts: 188
Thanks: 0
Thanked 0 Times in 0 Posts
Jarvisx2000 is on a distinguished road
Default

So even if I was driving too fast for the road conditions, they will cover me. The police officer didn't press charges yet. He said it is a possible careless driving and he has to investigate. Do you know if they charge me for careless if the insurance still covers people?
Jarvisx2000 is offline   Reply With Quote
Old 04-27-2007, 01:30 PM   #7
Junior Member
 
Join Date: Aug 2005
Location: North of Buffalo, NY *** NEBF '05, '06, '07 *** ***ONBF & NYBF 06; 07*** ***WCBF 06***
Posts: 0
Thanks: 0
Thanked 0 Times in 0 Posts
singscountry1967 is on a distinguished road
Default

While each state and each ins co is different, it'* my understanding you are covered despite who'* fault it is. Of course, most will raise your rates or even cancel you if you get into too many accidents - regardless of who'* fault it is.

Ins co'* will not cover someone, when it was their fault, if they have Liability only coverage.
singscountry1967 is offline   Reply With Quote
Old 04-27-2007, 01:31 PM   #8
Senior Member
Posts like a Supercharger
 
Join Date: Dec 2005
Location: Conroe, Texas From NL Canada
Posts: 156
Thanks: 0
Thanked 0 Times in 0 Posts
DPnewfie is on a distinguished road
Default

I don't think it really matters what you were doing at the time of the accident. Your insurance is there to protect you, and others, in any case scenario.

I may be wrong. Hopefully someone with a little more knowledge will chime in here.
DPnewfie is offline   Reply With Quote
Old 04-27-2007, 01:39 PM   #9
Senior Member
Posts like a Corvette
 
Join Date: Jan 2007
Location: San Diego, CA
Posts: 1,451
Thanks: 0
Thanked 0 Times in 0 Posts
agrazela is on a distinguished road
Default

I don't know about Canada, but in the US, regardless of who is at fault, the insurance company will:

1) Try their hardest to deny all claims; failing that, claim your obviously totalled car is not totalled, and try to chisel you on the repair estimate; failing that, set the value of your car ridiculously low, so their "totalled" payout is small.
2) Fight tooth and nail to cut corners on your repairs, particularly by trying to steer you to the cheapest, shoddiest garages and body work places in existence, claiming that crappy, non-OEM quality parts and labor is "equivalent."
3) Try to steer you to their hand-picked quacks for any medical evaluation.
4) Drop your butt, or jack your rates so high you can't afford them anymore.

1) through 3) can be fought with persistence; 4) is inevitable, so grab your ankles.

Regardless of whether it'* AllState or "Fast Eddy'*," the company will take these tactics...the only difference is that "Fast Eddy" will claim bankruptcy before you get a dime, while AllState will say "so sue me."

(Can you tell I'm not a big fan of insurance companies? )

Who'* your insurer?
agrazela is offline   Reply With Quote
Old 04-27-2007, 01:45 PM   #10
Senior Member
Posts like a Supercharger
Thread Starter
 
Join Date: Feb 2007
Location: Trenton Ontario
Posts: 188
Thanks: 0
Thanked 0 Times in 0 Posts
Jarvisx2000 is on a distinguished road
Default

Motors Insurance Corp.
This will be the first time I have ever made a claim. Hopefully it goes alot better than what you are describing.
Jarvisx2000 is offline   Reply With Quote
 
 
Reply

Related Topics
Thread Thread Starter Forum Replies Last Post
Insurance question J Wikoff Lounge 6 01-16-2008 05:37 PM
Insurance Rates Tamara General GM Chat 45 09-24-2003 02:50 PM
Insurance RANT Jim W Lounge 21 05-28-2003 12:27 AM
Insurance rates for SSEi Bonneville_blue General GM Chat 23 01-23-2003 02:00 PM
GRRRRR!!!! Insurance claims are a drag amy_lynn General GM Chat 38 10-07-2002 11:25 AM


Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off



All times are GMT -4. The time now is 12:33 PM.


We are a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for us to earn fees by linking to Amazon.com and affiliated sites.