Insurance.....makes no fucking sense!

[AirMax95]

So, your policy holder totals my car AND is cited for illegal use of a turn lane, but you want to argue paying off my car?

Insurance makes no fucking sense.

I'm a nice guy who wanted to settle for simply paying off my loan (diff of $984) and my doctor visit, but now I have to get a lawyer and pursue extra damages.

Fucking retard claim agents.

How the hell do they tell you what they are GOING to pay when thier guy is at fault? Fucking scum:2up: Do they really not know that this is America, the most litigious body in the world?

[Bajjani]

Have fun dealing with that.

[Jason..]

Have fun dealing with that.
Well put.

[Elbow]

Yeah you're screwed. Sorry.

[zspeed24]

My mom went through that shit couple calls to the state insurance commissioner and it got settled in a hurry

[AirMax95]

This is all new to me, lol. It makes no logical sense to not fully correct the disruption.

[Jason..]

Yeah you're screwed. Sorry.
And your gay sorry.

[zspeed24]

Two Martin Luther King, Jr. Drive
West Tower, Suite 716
Atlanta, Georgia 30334
Main Telephone: 404-656-2070
Toll Free: 800-656-2298
Fax: 404-656-8542

Call Oxendine's office they are really helpful

[AirMax95]

Two Martin Luther King, Jr. Drive
West Tower, Suite 716
Atlanta, Georgia 30334
Main Telephone: 404-656-2070
Toll Free: 800-656-2298
Fax: 404-656-8542

Call Oxendine's office they are really helpful

Thanks.....

[zspeed24]

no problem

[Bajjani]

Can I be honest here. Lets use a little bit of logic. Of course the insurance company isn't going to go, OH HERE lets pay you every dollar you think we owe. They're going to fight as much as they can to save every dollar they can. Thats business, period.

[AirMax95]

Can I be honest here. Lets use a little bit of logic. Of course the insurance company isn't going to go, OH HERE lets pay you every dollar you think we owe. They're going to fight as much as they can to save every dollar they can. Thats business, period.

I realize that, hence why I posted in the whoreslounge as a rant. It just kills me with the tactics they use to get you to "understand" the system.

Logically, though, knowing that there is a $1000 difference in the payoff vs. the cars value, you would think they would fork it and shut up. If I go to a lawyer it will be worse on them. They know better, lol.

[Elbow]

And your gay sorry.

It's ok.

[Bajjani]

Not really, what will happen is they will pay you what they owe.

[Echonova]

I realize that, hence why I posted in the whoreslounge as a rant. It just kills me with the tactics they use to get you to "understand" the system.

Logically, though, knowing that there is a $1000 difference in the payoff vs. the cars value, you would think they would fork it and shut up. If I go to a lawyer it will be worse on them. They know better, lol.Sadly, they figure even if they pay up you will sue anyway. Welcome to America, when lawyers run commercials promising to turn your wreck into a check... Yea, they gotta save every penny. Sucks though.

[AirMax95]

Sadly, they figure even if they pay up you will sue anyway. Welcome to America, when lawyers run commercials promising to turn your wreck into a check... Yea, they gotta save every penny. Sucks though.

Yeah, "one call, that's all" LMAO!

Seriously, I told that lady thats not my intention. I just want the loan taken care of. They have to catch on somewhere and realize they feed those law commercials credibility. Arguing over roughly $1000, when a 1-800 could cost them thousands more:thinking:

smh....

[BanginJimmy]

What they typically do is drag their feet and wait you out. The first time a lawyer representing you calls them, they will fork over the extra 1k. They also know that you will spend more than half of the extra money you get to pay for that 1 phone call.

[AirMax95]

That's what I figured. *Sigh*

My cousin is a lawyer, but he doesn't to auto insurance and things of the like. Mainly he deals with divorce and contracts. I will have him call, lol.

[Kasper]

yeah pretty much if you can do it the cheap way id do it that way. cause your going to spend alot of the money you "win" on this on a fancy dressed lawyer and all your doin is paying his expensive car payment. where as even if your cousin is a lawyer of different sorts, he should still be able to get the point accross that your not dicken around.. good luck with it.. and i hope ya get what ya need..

[Vteckidd]

wait it out they will pay. Pretty much your argument should be that if their client had followed proper traffic rules you wouldnt be in this predicament.

Lets say your cars KBB is $10000 and you owe $12,000. They are only going to offer you $10,000 and say its not their fault you are upside down.

You need to make the case that if the accident never happened, you wouldnt be in this predicament in the first place. Their client is at fault, you shouldnt be put in a situation that is detrimental to your finances when its not your fault in the first place.

They will pay,just threaten a lawyer and be persistent.

[Friggintitsman]

Oddly enough a friend of mine has this conversation last night.

You're by law in most states to carry insurance. They charge you out the ass for it. You pay monthly on a vehicle that may never be damaged. All the while if you do get into an accident you have to pay a deductible as well as have your insurance company try every angle to stiff you on the bill.

Let's not even go into how bad health insurance is.

[Vteckidd]

case in point, my GF had a 2001 Integra Type-R. A cement truck was overloaded )past their weight capacity) and as a result the driveshaft broke and flew under her car ripping her oil pan off.

Insurance was going to give her $100 for a new oil pan. I told them that was unacceptable because the car lost oil pressure, what is she to do if 500 miles down the road the engine starts knocking? Shop agreed with me, they offered to get her a new motor.

Her car had 100k on it, and of course a NEW motor from acura was $3500. They looked through junkyards to find a replacement. Well newsflash, no junkyard is going to have a ITR motor just laying around. They wouldnt spring for a new motor because they said she would be "better off than when she was in the wreck" meaning a NEW motor would be 0 miles, not a 100k ITR longblock. They wanted to give /find a 100k motor.

Well when they couldnt find one, they offered her a 100k GSR longblock, or a $2000 check (price of a USED motor)

Well we explained that $2000 wouldnt cover even a USED JDM ITR Longblock.

After about 2 months of arguing , they forked over $3500 for a longblock plus the $2000 in labor to put it in.

Pretty much told them, if their client had not been overloaded we wouldnt not be in this place to begin with. Being better off has nothing to do with it.

[Friggintitsman]

case in point, my GF had a 2001 Integra Type-R. A cement truck was overloaded )past their weight capacity) and as a result the driveshaft broke and flew under her car ripping her oil pan off.

Insurance was going to give her $100 for a new oil pan. I told them that was unacceptable because the car lost oil pressure, what is she to do if 500 miles down the road the engine starts knocking? Shop agreed with me, they offered to get her a new motor.

Her car had 100k on it, and of course a NEW motor from acura was $3500. They looked through junkyards to find a replacement. Well newsflash, no junkyard is going to have a ITR motor just laying around. They wouldnt spring for a new motor because they said she would be "better off than when she was in the wreck" meaning a NEW motor would be 0 miles, not a 100k ITR longblock. They wanted to give /find a 100k motor.

Well when they couldnt find one, they offered her a 100k GSR longblock, or a $2000 check (price of a USED motor)

Well we explained that $2000 wouldnt cover even a USED JDM ITR Longblock.

After about 2 months of arguing , they forked over $3500 for a longblock plus the $2000 in labor to put it in.

Pretty much told them, if their client had not been overloaded we wouldnt not be in this place to begin with. Being better off has nothing to do with it.

Yeah and what about the two fucking months of being carless. I would have gotten them for all their worth too.

[Vteckidd]

she had a rental car for about 2 weeks then when she declined their first offer, they took it back.

Luckily her insurance was good and fought for her, but i had to do a lot of the talking as well.

They were just expecting her to cave, which is what most of them bet on.

my RX8 they ended up totalling, and it took over 3 months of arguing

[AirMax95]

Mike, thanks for the advice. I just left a few car lots shopping for a replacement.

I'm going to do what you said, threaten and be persistent.

Cross your fingers, lol.

[AirMax95]

Oddly enough a friend of mine has this conversation last night.

You're by law in most states to carry insurance. They charge you out the ass for it. You pay monthly on a vehicle that may never be damaged. All the while if you do get into an accident you have to pay a deductible as well as have your insurance company try every angle to stiff you on the bill.

Let's not even go into how bad health insurance is.

I friggin concur!

[Friggintitsman]

Friggin A man

[Vteckidd]

they dont have a leg to stand on if its $948 seriously. Any judge would side with you. How old is the car? if its relatively new, with the way the economy is and used car prices sliding, $948 is CHUMP CHANGE.

My rX8 books out for $13,500. There is 25 of them selling for $9000-10,000 because people ARENT PAYING $13,500 for them. Just like EVOs, there are TONS of EVOs and STIs in the low $11000-13000 range, cars that were $17000+ 12 months ago. Cars dont lose value that fast.

I bought my RX8 for $9500 8 months ago, when they were bringing around $12,000-13000. Prices have dropped over 20% in the last 8 months, so even though i got a "good deal" prices are dropping faster in the used market than the KBB depreciation. So when they offered me KBB i was ecstatic lol.

Hang in there, they will pay out

[Paul]

ya they will pay up you just have to be diligent and stick to the facts... obviously if your way upside down in a loan you may not get the entire car paid off but if the difference is 948 you can make that up real quick in loss wages, medical bills, etc... ;)

[punkr6]

G/L bro.

[98_integra_r]

I am going to preface this by saying that i am insurance claims so I can offer some points to help you out. The first thing is that they owe you what your car is worth and not what you owe on the vehicle. That being said what have you done to show them that the car is worth the extra $1k. Everyone wants to say that its just $1k, but if that was the case you would just pay off your car out of pocket and this thread wouldn't exist. Its a lot of money regardless of who is paying it. Second lawyers don't scare insurance adjusters. I can't tell you how many times people threaten lawyers and get nothing out of it. My advice is to do your research and prove to them that your car is worth the 1K more.

[Truegiant]

Dealing with insurance companies sucks regardless of the situation. My wife and I dropped our insurance with USAA and went with a local agent. She was my agent when she worked with farm bureau back in the day. My folks had used her for 20 years. She decided to open up her own insurance company. We dropped our usaa and she under wrote us a policy with another firm.

WORST IDEA EVER! I saved about $140 a month but when I needed the insurance companies help they were no where to be found.

My wife backed into my 350z. Not only did they make us pay a deductible for both cars when the insurance company wanted to use an aftermarket bumper and the shop couldnt get one that was in good shape they painted and installed a new one. Insurance refused to pay for the new oem bumper. I told the shop I wasnt paying and they forked the bill for it but regardless.. One day when I have a crap ton of money laying around I will be opening up my own insurance company.

[Glides]

I am in claims for Gap insurance. I have also done claims for Extended Warranties and Insurance.

They will simply wait you out. If you were upside down, or knew you would have been upside down in your loan, should get Gap insurance. That way you don't have to worry about things like this.

Some tips though in your case. Pull receipts on anything you have done to the car in the past 6 months. Tires, paint, aftermarket stuff, anything that you have a receipt for that "Bettered" the car. Plop that down on em. Also if you are going to try and get anything more than fair market value, you best be prepared to wait. Insurance companies can wait you out far longer than you can wait being carless. And they will do so.

I fought with my first FD for 2 months. Had a rental car for 2 months of that, so long in fact that the insurance company didn't keep in touch with the rental car company and they reported the rental car stolen. Put over 2k miles on that thing before we turned it in.

Check EVERY document they send you. Take your car's bookout sheet or buyers order and go to Nada and make sure they valued your car correctly and didn't miss a single option. Alot of times an adjuster, or an appraisor will miss things such as alloy wheels or a better stereo and it will cost you. Basic alloy wheels are $400 bucks deducted from your claim. Trailer hitches, leather seats, power seats....all of these are easily overlooked options that are left off of alot of insurance evals. Ask for a copy of the Insurance Evaluation and you can see exactly how they valued your car. Should be around 15 pages or so. Odds are they used a hybrid of NADA, Autosource and local vehicles for sale in the area. Most times this will allow them to get a wide variety of values. Also look for prior damage on the eval. I'm sure the appraisor took photos and sent them to the adjuster. Check those too.

Good luck, if you educate yourself you will be able to triumph. Also get Gap insurance next time. I love it, Clarke Howard loves it....and so should you love it too!

[coreyctr1980]

Sorry to say this but they are not going to pay the loan off. I'm a claims adjuster. They will pay what the car is worth. Not a penny more or less. Just because you're upside down in a loan is not the insurance company's fault. If you do get a lawyer they would actually prefer that because they won't have to deal with you regarding the matter anymore. Generally a lawyer will not represent you for just property damage anyways. I'm not trying to be an ass just trying to inform you. If you have n e questions let me know and ill try to help.

[Buttons]

I think I need Mike's help with my car situation. lol

But best of luck, insurance companies do try to fix everything even if it's totaled just to save $10. I can't believe insurance companies are this ridiculous. I'm better off not having insurance and paying the shit myself. What in the world are people paying monthly/yearly for? Obviously nothing but paychecks to others.

[coreyctr1980]

Look at it this way. If you rearended a car thats work $500 but the owner owed $3k, would you expect them to pay $3k?

[Glides]

I think I need Mike's help with my car situation. lol

But best of luck, insurance companies do try to fix everything even if it's totaled just to save $10. I can't believe insurance companies are this ridiculous. I'm better off not having insurance and paying the shit myself. What in the world are people paying monthly/yearly for? Obviously nothing but paychecks to others.


Actually, what you just said is the dumbest statement I think I have heard in awhile on this site. SO let's break it down.

It's better off to have no insurance? Hmmm. You owe 5k on your car.....then you hit a woman in a nice Mercedes, totalling hers out, she owes 42K on hers. Her car is only worth 32K right now, but with your logic you owe 42k since a cars value is what you owe on it right? Not actual cash valiue.

Since your wonderfully smart choice to have no insurance is in effect, you now owe 5k on your car, 42k on her car and let's say she has has a neck injury requiring an emergencey room visit totalling a whopping 10k as well, 1k ambulance ride and whatever else they tack on there. You will now owe that as well.

So she has uninsured motorist coverage. They will work on her claim and........then her insurance company sues you. You lose...because you will since you were the degenerate that didn't have auto insurance (Which is against the law) and caused this poor womans acident leading to her distress and fear of Lexus SC 300s...which she adds onto the suit for mental anguish and goes for punitive damages. So let's say you get off lightly.
Her car...42K
Your car 5K.
Her medical bills - God knows.
Court fees. Because yes, you DO pay them when you lose.
Punative damages. God knows again.
So light side....100k.

All because you decided that you were better off with no insurance.

As for paying what they pay, to save $10. Once again, stupid comment. Let's break that one down in Import Atlanta style.
.
A guy wants to sell a stock 98 Civic. He wants 9K for it because that's what he owes. Of course, that busted joint isn't worth that. Would you pay that for it? Hell no, you would be one of the first ones in his thread telling him his asking price was stupid. Insurance companies are the EXACT same way, they just don't have a catchy screen name and green rep bars to hide behind.

It's just simple business. Nobody sees that because they only time they deal with insurance companies is when they get in an accident. It's the same as any other business out there. I know you won't run around with no insurance, what you said was a statement to get people to agree with you. But some folks ACTUALLY feel that way and try to get around it....and they get popped. Not a pretty place to be in man. I see it every day.

[Buttons]

Actually, what you just said is the dumbest statement I think I have heard in awhile on this site. SO let's break it down.

It's better off to have no insurance? Hmmm. You owe 5k on your car.....then you hit a woman in a nice Mercedes, totalling hers out, she owes 42K on hers. Her car is only worth 32K right now, but with your logic you owe 42k since a cars value is what you owe on it right? Not actual cash valiue.

Since your wonderfully smart choice to have no insurance is in effect, you now owe 5k on your car, 42k on her car and let's say she has has a neck injury requiring an emergencey room visit totalling a whopping 10k as well, 1k ambulance ride and whatever else they tack on there. You will now owe that as well.

So she has uninsured motorist coverage. They will work on her claim and........then her insurance company sues you. You lose...because you will since you were the degenerate that didn't have auto insurance (Which is against the law) and caused this poor womans acident leading to her distress and fear of Lexus SC 300s...which she adds onto the suit for mental anguish and goes for punitive damages. So let's say you get off lightly.
Her car...42K
Your car 5K.
Her medical bills - God knows.
Court fees. Because yes, you DO pay them when you lose.
Punative damages. God knows again.
So light side....100k.

All because you decided that you were better off with no insurance.

As for paying what they pay, to save $10. Once again, stupid comment. Let's break that one down in Import Atlanta style.
.
A guy wants to sell a stock 98 Civic. He wants 9K for it because that's what he owes. Of course, that busted joint isn't worth that. Would you pay that for it? Hell no, you would be one of the first ones in his thread telling him his asking price was stupid. Insurance companies are the EXACT same way, they just don't have a catchy screen name and green rep bars to hide behind.

It's just simple business. Nobody sees that because they only time they deal with insurance companies is when they get in an accident. It's the same as any other business out there. I know you won't run around with no insurance, what you said was a statement to get people to agree with you. But some folks ACTUALLY feel that way and try to get around it....and they get popped. Not a pretty place to be in man. I see it every day.

you're reading way too far into what i'm saying. i was recently in a wreck and it feels like that don't do much. they won't total a car even if it should be totalled. they are trying to save every dollar they can. they have an extra $6K bill on them for not totalling my car in the first place. jesus. My car is only worth $500 more, but they wanted to save the $500 more.

you're an ignorant. i was "over exaggerating." Ever heard of that? You need to get off the internet. You take things WAYYYY too serious.

[amandDA]

morning autumn

[Buttons]

morning autumn

hello :) we probably should continue this convo in another thread...

[Vteckidd]

i think if you are upside down $2000-3000-4000-5000 you guys are right they will pay fair value for the car.

But $948, thats EASILY a difference between 2-3 months of an appraisal. No one is going to get gap insurance for that $948, and furthermore Gap doesnt actually protect you fully anyway.

What happens if you buy a NEW car for $30,000. The second you drive it off the lot, it drops 15% in value meaning car is WORTH $25,500. The GAP protects you for that $4500 right ?

Does gap take into effect interest? it has to. How do you protect a principal that has interest rates that can very from .9%-9%?

The higher the interest rate, the less principal gets paid off. The less principal gets paid, the more and more upside down you get as time goes on. Some cars drop in value much quicker than others.

Take a DOmestic car. There are Chevy cars dropping 40-50% in value in 2-3 YEARS! Conversly there is Honda Fits that are going for $1000 under MSRP that are 2 years old.

Are you telling me that an insurance company would cover someones $30000 car that was worth $15000 in 2 years just cause they carried GAP?

I doubt it.

Wait it out THEY WILL PAY

[AirMax95]

Wow....you guys are going at it, lol.

My simple piece is along what Mike said earlier. I don't feel they should pay for someones vehicle if their upside down amount is extreme. My difference is $948ish......yes its a business, but my gosh, they disrupted my life.

Any who, the adjuster is not returning my calls, so I am calling her supervisor or someone in power to fix this shit today. I want to settle so I can pick up a car tomorrow.

Thanks for all the input....

[redrumracer]

damn ive never had a problem with insurance companies payin me and ive done totalled 5 damn cars. people may talk shit bout statefarm but they pay when its time.

[Buttons]

Wow....you guys are going at it, lol.

My simple piece is along what Mike said earlier. I don't feel they should pay for someones vehicle if their upside down amount is extreme. My difference is $948ish......yes its a business, but my gosh, they disrupted my life.

Any who, the adjuster is not returning my calls, so I am calling her supervisor or someone in power to fix this shit today. I want to settle so I can pick up a car tomorrow.

Thanks for all the input....

Good luck. I just talked to my insurance and i'm waiting for the adjuster to call me back.

[AirMax95]

damn ive never had a problem with insurance companies payin me and ive done totalled 5 damn cars. people may talk shit bout statefarm but they pay when its time.

I have State Farm and they are great. Looking back, I should have ran the claim through them, lol. Oh well.