liability insurance claim/ property damage
- Thread starter data farm 26
- Start date
Matias
Been here much more than a while
- Location
- Butte County
You want the lowest premium, because you are aiming to never make a claim. You only make a claim when you fuck something up so badly that you absolutely, under no circumstances can make it right on your own. At that point the deductible is virtually meaningless.
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data farm 26
Been here a while
- Location
- 7th level
Hmm. Well in this case I'm glad I have a low deductible because I don't want to shell out 3 or 4 grand for this little dent. 500 seems much more palatable. If they drop me or jack the rates too high I might just get a new policy for this other s Corp I have. I'll Definitely keep the high/low deductible in mind next time I get a policy though!
evo
Been here much more than a while
- Location
- My Island, WA
Magnets.. of the competitions logo..
ATH
Been here much more than a while
- Location
- Findlay, Ohio
Ask about the price difference...if it's $500 per year premium difference to go from $500 deductible to a $1500 (just making up a number, not saying that's the number), which would you choose? If choose $1500 because I fully expect to not pay out in the next 3 years so I'll be money ahead.
Matias
Been here much more than a while
- Location
- Butte County
And really, you should take that difference in price and put it in a savings account, or better yet in some interest bearing account. Then you have your own insurance fund to keep from having to use the seripus damage insurance from the company. After 30 years, you should have a nice retirement bonus saved up, or at least come out not having been ridden so hard for that money every year.
data farm 26
Been here a while
- Location
- 7th level
Lady offered to settle for 2k... what would you folks do?
Lumberjack
Branched out member
For $2k I would pay out of pocket and offer my heart felt apologies with a waiver of liability putting the issue to bed.
I would have her take the vehicle to a body shop of her choice and just get them to bill you directly. They could probably even put your credit card on file for the charges.
I don't like the idea of giving people random amounts of money because they told you "that's what it will cost"
I don't like the idea of giving people random amounts of money because they told you "that's what it will cost"
Matias
Been here much more than a while
- Location
- Butte County
This is the answer. Just fix it, and deal with the shop directly. And definitely get her agreement to call it done in writing.
I'll add that by dealing directly with the shop and getting a detailed invoice it will be easier come tax time to claim that as an expense. Rather than having an arbitrary $2000 missing because you dinged someone's car and that's how much she wanted. Paper trails are nice sometimes.
evo
Been here much more than a while
- Location
- My Island, WA
Dealing with the shop or company doing the repair directly is the way to go. Ask for their contact information and have a heart to heart with them. Explain the situation as neutral as possible from your perspective and you’ll probably get a better price.
With what ever agreement you have with the person make damn sure you are written out of anything that might occur between them and the shop.
With what ever agreement you have with the person make damn sure you are written out of anything that might occur between them and the shop.
ATH
Been here much more than a while
- Location
- Findlay, Ohio
The first quote was $1800 for the repair...so she's looking for help with the rental too right?
Lumberjack
Branched out member
You are liable to repair her vehicle and provide her transportation while it’s being repaired. If she’s willing to settle $1800 of damage for $2k all in, write it up, pay her, and be done.
