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Car insurance question
Posted on 11/17/20 at 2:46 pm
Posted on 11/17/20 at 2:46 pm
Say we had a car hit a parked car and there is ~$1400 damage.
The car hit didn’t get police involved and info was exchanged.
Would it be best to just pay them that amount and not get insurance involved? Thinking future rates may go up due to it and may be best in long run to not get insurance involved.
The car hit didn’t get police involved and info was exchanged.
Would it be best to just pay them that amount and not get insurance involved? Thinking future rates may go up due to it and may be best in long run to not get insurance involved.
12
Posted on 11/17/20 at 2:47 pm to GeismarGeauxer
What if they take your $1400 then sue you?
This post was edited on 11/17/20 at 2:48 pm
Posted on 11/17/20 at 2:48 pm to GeismarGeauxer
No police=no accident
Posted on 11/17/20 at 2:49 pm to GeismarGeauxer
How do you know their auntie wasn’t in the back seat?
Posted on 11/17/20 at 2:49 pm to GeismarGeauxer
If your the “at fault” party, it may be in your best interest. Otherwise it won’t hurt you to make a claim.
Posted on 11/17/20 at 2:49 pm to JDPndahizzy
So can't sue us if no accident?
Posted on 11/17/20 at 2:50 pm to bigezsaint
We were the at fault party.
Posted on 11/17/20 at 2:53 pm to GeismarGeauxer
Rates will definitely increase and that incident affects you for three years.
(I’m a State Farm agent in Geismar if you need any help) Keith 225-673-1704
(I’m a State Farm agent in Geismar if you need any help) Keith 225-673-1704
This post was edited on 11/17/20 at 2:59 pm
Posted on 11/17/20 at 2:54 pm to GeismarGeauxer
Your rates could go up but that is pretty minimal damage. The claim stays for 3 years with most companies and so does any surcharge.
You probably will end up paying less if you go with the insurance aspect but it does stay on your record.
You probably will end up paying less if you go with the insurance aspect but it does stay on your record.
Posted on 11/17/20 at 2:55 pm to GeismarGeauxer
I'd pay it myself (get a signed release of claims in exchange).
I went through insurance for $800 worth of damage I caused one time to another vehicle and they hiked my premiums by $400 a year for about 5 years.
I went through insurance for $800 worth of damage I caused one time to another vehicle and they hiked my premiums by $400 a year for about 5 years.
Posted on 11/17/20 at 2:58 pm to GeismarGeauxer
quote:Dumb. It amazes me that people don't call the police or get insurance involved when accidents happen. You're putting a lot of faith in someone you've never met to do the right thing.
The car hit didn’t get police involved and info was exchanged
Never do that
This post was edited on 11/17/20 at 2:59 pm
Posted on 11/17/20 at 3:00 pm to Dandaman
Signed release of claims...should my insurance company also be covered by this release agreement?
Posted on 11/17/20 at 3:00 pm to GeismarGeauxer
I hit a guy from behind once (no homo) and just paid to repair the damage. Worked out better for everyone.
This post was edited on 11/17/20 at 3:01 pm
Posted on 11/17/20 at 3:02 pm to GeismarGeauxer
If you want to keep an at-fault accident off your record (for 3-5 years depending on carrier) and keep your premiums from going up, then just pay it out of pocket.
If you do pay it out of pocket, make sure they haven't already opened a claim with your insurer and then get some sort of release signed by them saying that in consideration of payment of $1400 that the issue is considered resolved by all parties involved. And that there were no occupants in the vehicle at the time of the accident.
If you do pay it out of pocket, make sure they haven't already opened a claim with your insurer and then get some sort of release signed by them saying that in consideration of payment of $1400 that the issue is considered resolved by all parties involved. And that there were no occupants in the vehicle at the time of the accident.
Posted on 11/17/20 at 3:05 pm to GeismarGeauxer
quote:
Say we had a car hit a parked car and there is ~$1400 damage.
quote:
hit a parked car
quote:
~$1400 damage
Posted on 11/17/20 at 3:12 pm to GeismarGeauxer
They will be.
Posted on 11/17/20 at 3:23 pm to GeismarGeauxer
Get them before they get Gordon
Posted on 11/17/20 at 3:52 pm to GeismarGeauxer
They can still make a claim with your insurance, and they may also be able to deny your claim if you’ve made an offer to settle. Read the Insured’s Duties under your policy. There may also be hidden damage to their car.
Posted on 11/17/20 at 4:28 pm to tigergirl10
quote:
What if they take your $1400 then sue you?
this is exactly what they will do and deny they ever got anything from you while magically you find out they had 6 family members in the car who all went to doctors and need the maximum medical payout from your insurance.
then your insurance drops you for not calling police and filing a claim so you cost them all that money because you are an idiot
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