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| The Pub For General Automotive Related Talk |
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02-02-2005, 11:46 AM
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Formerly Black EX-R6
Join Date: Jan 2005
Location: Earth
Posts: 1,265
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This may seem like a stupid question.
But in the event that you are hit by another driver and are not at fault. Your car is written off. How do they work out how much to pay you. I ask this because I was thinking. You pay for insurance and cover your car for $20k. You have a contract with one insurance company for agreed value. Now when the other driver hits you and writes off your car it all goes through his insurance. How does the opposing insurance company value your car? Do they just go with your agreed value? Do they try and do it on market value? Or do you go through your own insurance and they chase the at fault driver. Also, what happens in a situatioin where you just have the car under thrid party, and nothing else?
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""It's not the ideal way to win, but we got here, so yeah baby," said Kelly." Stinking, mongrel, dog. |
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Car insurance question
Threaded Mode