Comments on: what happens when you’re at fault for a vehicle wreck

By: amberlynn

amberlynn — Tue, 31 May 2022 23:30:37 +0000

Here is the deal: If you have insurance but not enough to cover the accident–try to get your insurance company to settle the claim within your policy limits. Insurance companies are obligated to attempt to settle claims within policy limits if possible. Usually plaintiff’s lawyers are willing to settle for the policy because nobody wants the hassle of chasing a broke bankrupt defendant for the money. They do not want to chase you. they just want the insurance money. If the damages are massive and the insurance is nowhere near enough–bankruptcy is your option.

By: natoshfairholm

natoshfairholm — Tue, 31 May 2022 21:24:40 +0000

the insurance company works for you though.. if they want to keep you as a client they will settle

By: lukewayne

lukewayne — Tue, 31 May 2022 21:07:15 +0000

The other party doesn’t have to settle. You can demand it all you want. Insurance will try, but it’s not always a guarantee.
And if the damages exceed the limits and the other driver has underinsured, their insurance won’t settle.
If this was personal injury, that’s much easier. But this is property damage. Very different.

By: courtneyjacobs

courtneyjacobs — Tue, 31 May 2022 19:23:55 +0000

Personally, I would call my insurance company and DEMAND that they settle it within policy limits so you don’t have to pay out of pocket.. any judgement in excess of your policy limits could expose you to paying those excess damages yourself.. that means garnishing a certain amount of wages from your paycheck and placing a lien on whatever property you do own. If you live with your parents they could come after them too. *speaking from personal experience. Not legal advice.

By: javandabarnes

javandabarnes — Tue, 31 May 2022 17:41:56 +0000

I called them back right away when they called me. Now is just the part that’s a waiting game

By: nickimacmillan

nickimacmillan — Tue, 31 May 2022 16:35:17 +0000

30 years as a claims manager. Most companies have their own internal subrogation department. They will work with you to set up a payment plan for an amount you can afford. Please do not avoid the conversation. Your driver license can be suspended if you do not set up a payment plan or default on the payments. ** I’m now an agent- talk to you agent and have them shop your coverage. Some companies actually charge less for higher limits because to them, you seem more responsible for choosing higher limits. Everything will work out for you.

By: amberbarger

amberbarger — Tue, 31 May 2022 14:53:21 +0000

when they settle with your insurance company they cannot go after you for more

By: jenniferzumalt-coen

jenniferzumalt-coen — Tue, 31 May 2022 13:49:47 +0000

If you have no assets, the other person’s underinsured coverage is activated. They will, in essence, sue their own insurance company.

By: courtneyjacobs

courtneyjacobs — Tue, 31 May 2022 12:46:44 +0000

i had a meeting with my insurance agent the other day and we had this exact convo. he told me they could garnish my wages up to 25%. not sure how accurate that is, but it worried me

By: javandabarnes

javandabarnes — Tue, 31 May 2022 12:18:31 +0000

I understand. We live paycheck to paycheck too. Plus have a teen boy on our policy too. We had up up our deductibles to help lowers ours. And we don’t have that high of coverages. Ours are 50/100/50 and still makes me nervous.