wantno, this thread is a couple of years old. LadyJ still posts, but not very often. On the other hand, Maybe someone else who knows the answer will see this.
(Meantime, welcome to a2k.)
insurance doesn't want me to have any money!
ossobuco wrote:wantno, this thread is a couple of years old. LadyJ still posts, but not very often. On the other hand, Maybe someone else who knows the answer will see this.
(Meantime, welcome to a2k.)
Thanks a lot! I hope someone can help me.
i understand that the insurance company pays you for what their adjuster tells them the repair will cost .
you are not forced to have the car repaired , you can keep the money and keep driving your banged-up car , i believe - and many drivers sem to do that .
it really works both ways . if the insurance company estimates that the repair will cost more than the "blue book" value of the car , they'll simply pay you the blue book value . i don't think they are forced to pay the actual repair cost for an old clunker that you think is worth a lot of money - "it was my grandfather's car - sentimental value" .
my agent told me , i would have to pay an extra premium if i wanted to ensure an older car for more than "replacemant" value .
insurance companies don't usually pay more for a car that may be ten years old , but that you claim "runs just like new" - to them it's a TEN YEAR OLD CLUNKER !
hbg
I've often wondered why the insurance company made the check out to the insured and the repair shop. The repair shop didn't pay the insurance premiums.
we'll need ebeth in here , methinks .
hbg
