Need advice from auto ins experts. Is it ever a good idea to pay "Out of Pocket" rather th
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Some scenarios that could happen:
1) they take your money.. claim you never gave them anything.. and then go to your insurance and get money again
2) claim injury... get a lawyer.. and come after you and your insurance after you paid them...
3) get a super high estimate and expect you to pay it and rip you off
4) Also- are you prepared to pay their rental? b/c you would owe them....
its just a mess! i cant stress it enough... let the professionals handle it.
Need advice from auto ins experts. Is it ever a good idea to pay "Out of Pocket" rather than file a claim?Out of pocket settlements are never a good idea. They rarely work out. If you do settle out of pocket you should have the other person execute a full and final release of all claims so that he cannot come back and make any additional claims or sue you. However- you have to really think about this- will the amount you pay for his damages exceed the amount your policy would go up? Chances are it would not. No one can say for sure if Allstate will drop you or not. That would seem unlikely. More than likely you would be surcharged for a few years, but again the total of the surcharge may be less than what you might have to opay out of pocket for the damages.
Need advice from auto ins experts. Is it ever a good idea to pay "Out of Pocket" rather than file a claim?Depends on whose at fault and the amt of damage. However, when you encounter someone as rude as you did and who had his family in the car, dont be surprised if he tries to say there are medical expenses. Call your insurance company and let them sort things out. If he presents medical bills, the ins company will verify them. And i doubt at 10-15 MPH that any whiplash or otherwise occurred. In most states, each drivers ins pays for their own damage to the vehicle, but as far as possible medical expenses being incurred (or at least claiming to be incurred), your ins company has attorneys and physicians who specialize in this. Let them deal with it. Youre not any less protected having not called the cops, cuz most times unless an ambulance is called, they dont bother showing up anyway. Your premiums wont go up all that much, even after 2 priors. Call them and let them deal with everything! Listen to LA28482 (?). Good advice!
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