What do I do when the other partys insurance wants me to pay more than book value for a car I damaged?
I was recently in a car accident. Unfortunately, I had no insurance. Therefore I am responsible for the damages. BUT the other partys insurance is trying to get me to pay more than her car is worth. I looked up the blue book value on the web. They are threatening me with legal action and/or license suspension. I am willing to pay but they are asking way too much. (Twice the blue book value of the car.) What are my options????
daddemoretsrunt, I recommend an online insurance quote. It’s free and generally hassle free. http://www.autoadviceonline.com/Auto-Insurance-Quote.html
Hope it works out
Filed under auto insurance price quote by on Jul 13th, 2010. Comment. 
How to Improve a Car Insurance Company’s Offer?
Someone hits my car while I parked on the street, the lady hits 2 cars. My car value is 11,000 (my car is one way) and the other car value is 2,000. The lady’s insurance only cover up to 10,000. So I only can get 84% of the 10,000 (so i got $8461)
How I ask for more money?
I cannot claim my own insurance, b/c insurance only cover if i hit someone’s car.
No cover on my car.
If you haven’t accepted (cashed the check) and you can demonstrate to their satisfaction that the value of your car is $11,000, you should be able to at least get the full $10,000. It’s better than $8400 and easier than suing. If she was only carrying low, mimimum $10,000 liability limit and you did sue her and win, would she even be able to pay the judgement? Doesn’t sound like she has deep pockets.
If you accepted the check, and signed a settlement agreement w/ the insurance carrier, you really can’t do anything except sue her personally.
Filed under auto insurance price quote by on Jun 16th, 2010. Comment.