Question about Insurance.....
Question about Insurance.....
so a few days ago someone sideswiped me trying to change lanes..... long story short the police faulted him for it .....insurance cut me a check......
my question is .....is it ok for me(legal wise) to just keep the check and try to fix it myself sice the damage isnt that bad at all and could probably be buffed out.....
lemme know thanks
my question is .....is it ok for me(legal wise) to just keep the check and try to fix it myself sice the damage isnt that bad at all and could probably be buffed out.....
lemme know thanks
^depends on the your insurance companies policies.
if they wrote a check to just you. Than yes, you can do that.
If the check is in your's and a body shop, or your loan banks name, than no, you have to get it fixed professionally.
if they wrote a check to just you. Than yes, you can do that.
If the check is in your's and a body shop, or your loan banks name, than no, you have to get it fixed professionally.
just look at the check. Who is it written too?
eg. when i mashed up my car. the check was written to David/ Crappy Auto repair
if you still owe money on your car, that is usually the case.
eg. when i mashed up my car. the check was written to David/ Crappy Auto repair
if you still owe money on your car, that is usually the case.
I work for Allstate Ins, BTW.
I get this question a LOT.
Ususally its because the other company is trying to settle early. They want you to sign off your liability before you know how much damage is really done to your car, or to your self.
Call their adjuster and ask him to explain to you what the check is for. Unless they provided a letter telling you what its for.
Sometimes its a check for your medical purposes, and by cashing it you waive your right to sue them for medical payments in teh future.
Remember this:
You have teh right to get all the money for the car's damages (unless the bank owns it).
You have the right to go to any shop of your choice.
You have the right to get brand new OEM parts.
You have the right to get money for the loss of use, and devaluation.
You have the right to get money for your injuries.
From the date of your accident, you have 2 years to make a medical claim, and 3 years to make a property damage claim.
I get this question a LOT.
Ususally its because the other company is trying to settle early. They want you to sign off your liability before you know how much damage is really done to your car, or to your self.
Call their adjuster and ask him to explain to you what the check is for. Unless they provided a letter telling you what its for.
Sometimes its a check for your medical purposes, and by cashing it you waive your right to sue them for medical payments in teh future.
Remember this:
You have teh right to get all the money for the car's damages (unless the bank owns it).
You have the right to go to any shop of your choice.
You have the right to get brand new OEM parts.
You have the right to get money for the loss of use, and devaluation.
You have the right to get money for your injuries.
From the date of your accident, you have 2 years to make a medical claim, and 3 years to make a property damage claim.
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^Oh, trust me...the insurance companys know everything! LOL Did they ask you when you signed up whether there's a lien on the vehicle, thus needing full coverage?
BTW, the bumper dent accident I got rear ended...the check was cut in my name. Took the $600 for the bumper cover, and paid some bills and bought a new HU. Holla!
BTW, the bumper dent accident I got rear ended...the check was cut in my name. Took the $600 for the bumper cover, and paid some bills and bought a new HU. Holla!
Originally Posted by OP
^^^ wow thanks for that info ...........
btw how do they know if i own it or if they bank still owns it do they check and stuff
btw how do they know if i own it or if they bank still owns it do they check and stuff
but yea, you need to be talking to your adjuster about all of this. They will be able to explain whats going on. What steps have been taken so far. Where they are at in teh subrogation status.
Advice: Dont tell them about the check, they will want it, and any other checks the other company gave you.
I had a client get a $10K check for "loss of use" from the other company, once he told our company that he got it, they told him that he had to give it to us. And he got no money, we kept it all for our giant money bin with the gold slide and platinum diving board...
