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Auto Insurance Claims/Insufficient Coverage

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Expert: - 9/9/2010


Question
I am recently at fault in an accident damaging 2 other vehicles.  My policy only pays $10K/accident.  The damage to the other vehicles are $22K total.

I don't have money to pay this.  What can I expect from the other parties/insurance companies.  Should I prepare for a lawsuit?"  Do the Ins Co.s attempt to reach a deal out of court first?  Should I contact the other insurance companies?  Help.

Answer
Hello Dirk,

You are responsible for 100% of the damages. If your insurance coverage is not sufficient, then you will have to pay for the difference.

If you don't have the amount to cover the damages, then you can try to strike a deal with the insurance companies (to take less). Most likely, they will allow you to make payments. Maybe that is the best option for you.

I am sorry about this situation.


Good Luck,
Anne,
http://www.quirogalawoffice.com/
http://www.spokanebankruptcy.org/

Auto Insurance Claims

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Anne

Expertise

Auto insurance claims regarding vehicle accidents, insurance coverages, auto policies, bodily injury claims, pain and suffering, injury settlements and negotiations.

Experience

I am an adjuster for injury claims and property damage claims for over 5 years (still working there). I have worked for personal injury attorneys helping consumers get a fair treatment and I am passionate to help others with their vehicle accidents.

Education/Credentials
B.A. Economics/ Political Science

Awards and Honors
I was the top settling claims adjuster at the Insurance Company that I worked for.
I am the co writer of http://www.auto-insurance-claim-advice.com a website dedicated to help consumers document their auto claims and navigate the complex claim process.

Past/Present Clients
I work with injury lawyers working on high dollar settlements and jury awards for pain and suffering see: Spokane Law Office.

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