How long does it take for auto insurance companies to settle?
Wednesday, September 30th, 2009 at
12:16 pm
frustrated asked:
I had an accident in august 2006. a lady crossed the center line and hit me my insurance company would not even start the work on my car w/o my deductible. Now i’m trying to go through hers and i’m getting the run around, I have been quoted 3 different prices from 3 different people at the company. Then I get the papers to sign and the price has changed again. Can someone please HELP, I don’t know what else to do.
I had an accident in august 2006. a lady crossed the center line and hit me my insurance company would not even start the work on my car w/o my deductible. Now i’m trying to go through hers and i’m getting the run around, I have been quoted 3 different prices from 3 different people at the company. Then I get the papers to sign and the price has changed again. Can someone please HELP, I don’t know what else to do.
Tagged with: Auto Insurance Companies • Insurance • Insurance Company
Filed under: Auto Insurance
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Go speak to a lawyer that specialises in non-fault accidents. They should be able to sort it out for you and claim their costs from the party at blame.
Don’t get me started on insurance companies, they’re legalised robbers. They always take your premium immediately and take ages to settle a claim.
If you have any witnesses or cctv of the accident from nearby buildings/businesses then that will strengthen your case.
Best of luck to you.
They have no obligation to settle with a third party – you. I”m assuming your total damages are under your deductible? If not, I’d have YOUR insurance company pay you less your deductible, and let THEM worry about getting it.
Either that, or flat out don’t settle with them, and go to small claims court.
If you don’t have anything from them accepting full responsibility for the accident, they could be contesting fault – ie, she might be saying YOU crossed the center line. Which is why they’re delaying.
But, if there’s no question of fault, it usually takes a week after they see the damages to get the settlement check.
You need to get an estimate from the repair shop of your choice and submit it to the other parties insurance company. They will for sure attempt to pay you much less than your estimate which may require you to obtain an attorney to get a fair settlement for repairs. One thing that can usually pursuade an insurance company is letting them know you are not a push over and fully intend to stand your ground. Insurance companies prey on weakness! You can also get your state insurance department involved as that has bite in it too! The insurance company gets marks against it everytime you file a complaint which effects their ability to get rate increases and other valuable needs.
What some people don’t understand is that you are not entitled to all brand new parts no matter how you have treated your car! The insurance industry only has to put it back in the shape it was in which can include junk yard parts or whatever! Hey, they keep the politicians in office with “political contributions” so the law is certainly weighed in their favor! Sorry thing but that’s the truth!
you should go get at least 2 estimates for your repairs so you will know if the price the other company is offering is in line with the actual repair costs, then you will be able to negotiate with them better and know what you are talking about
dont go get an attorney unless you want to give him 1/3 of what you get