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Question
My wife backed into my truck causing damage to both vehicles. If I file an insurance claim, could both vehicles be repaired for only 1 deductible? If I get an estimate and negotiate a price with the insurance adjuster, can I cash out and decide what to do later? Thanks for any help you can give.
Hi Zach,
No, you may not use just one deductible for both vehicles. Each is a separate claim.
Yes, you may take the cash and do what you wish with it -- even ignore repairing the vehicle, UNLESS A VEHICLE IS UNDER LIEN BY THE LENDING INSTITUTION. In that case, the lender has the right to ensure that its collateral does not lose value because of accident damage. Thus, they will usually insist that their collateral be repaired, although some arrangements can be made depending upon the balance owing on the loan.
Best Wishes,
Dr. Settlement, J.D. (Juris Doctor)
www.SettlementCentral.Com
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Answers by Expert:
Doctor Settlement
Expertise
27 years of front line plaintiff`s trial lawyer experience in PERSONAL INJURY INSURANCE CLAIMS. Along with other attorneys and insurance adjusters, we have created a website to help injured people settle their own personal injury claims. With the help from feedback from hundreds of satisfied members, www.settlementcentral.com has become THE AUTHORITY for Internet personal injury insurance claim settlements. I am humbled and honored if people can benefit from my experience and current volunteer work in helping injured people. I hope I can explain things in a manner that is useful for the questioner. If not, do not hesitate to e-mail me and I will take a second shot at it! Best Wishes for your physical and financial recovery.
Experience
Life Experience: 27 years of front line plaintiff's trial lawyer experience
Organizations:
American Trial Lawyers Association
Washington State Trial Lawyers Association
Publications: (Click on Title to Read)
Statute of Limitations
Vehicle Accident
Accident--Adjuster
Demand Letters
Policy Limits
Education/Credentials: J.D. (Juris Doctor) 1977
Awards and Honors:
I am humbled and honored everytime I am selected to help injured people. And when people give feedback that they have benefited from my experience and current volunteer efforts, then that is a double honor and award for me.
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