so my wife got into a car accident last night...
09-05-2008, 03:13 AM
#1
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so my wife got into a car accident last night...
she's fine but our Accord sustained a decent amount of front end damage. The accident wasn't her fault. We're going to take it in this morning to get some estimates from a couple shops.
My question is this: Is it beneficial for me to get the work paid for by the other party out of pocket or should I just go through my insurance? My wife ended up getting called off work last night as a result of the accident and she lost almost $400 in wages. Would my insurance cover the lost pay? The 17 yr old girl that hit my wife wants to pay out of pocket but I just want to make sure I do what's most beneficial for us. :hs:
My question is this: Is it beneficial for me to get the work paid for by the other party out of pocket or should I just go through my insurance? My wife ended up getting called off work last night as a result of the accident and she lost almost $400 in wages. Would my insurance cover the lost pay? The 17 yr old girl that hit my wife wants to pay out of pocket but I just want to make sure I do what's most beneficial for us. :hs:
09-05-2008, 03:20 AM
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pimpin' south jersey
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Glad to hear shes ok!
a 17y/o paying how many thousands out of pocket? Sounds meritable, but flaky, I understand the kid wanting not to go thru insurance, but at the same time, you want the work done in a timely manner and done right, and have your car back quick, whos to say the kid doesn't have enough funds? then you're car just sits there?
She got a police report? It's your call, but I'd go thru insurance.
a 17y/o paying how many thousands out of pocket? Sounds meritable, but flaky, I understand the kid wanting not to go thru insurance, but at the same time, you want the work done in a timely manner and done right, and have your car back quick, whos to say the kid doesn't have enough funds? then you're car just sits there?
She got a police report? It's your call, but I'd go thru insurance.
09-05-2008, 04:41 AM
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go through the insurance company...the kid's insurance will be paying and you need to file for lost wages as well. Actually it'll be the kid's parents insurance.
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09-05-2008, 06:00 AM
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my wife is talking to our insurance company now. we got two estimates and both were about $2300 for repairs. It looks like blue book value isn't much more. I guess we'll see what happens...
09-05-2008, 08:43 AM
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save yourself the hassle, go through insurance. the kid will learn her lesson. most teenagers get into accidents. might as well learn young so it wont happen again.
09-17-2008, 07:50 AM
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UPDATE: It's been a little while since the accident. The car has been deemed a total loss and the other party's insurance company wants to give us $23xx for the car and $18xx if we choose to keep it.
Their offer is less than satisfactory to me. I know that blue book is probably right around there but right now you can't buy another 5th gen accord for that cheap...even one with 200k+ miles on it. So is it possible to challenge their offer and ask for a higher amount and actually expect them to budge? I'm not even sure exactly how much to ask. We've put quite a bit of money into the car and it basically ran perfectly before the accident, at least for a car with 150k miles on the odo.
Their offer is less than satisfactory to me. I know that blue book is probably right around there but right now you can't buy another 5th gen accord for that cheap...even one with 200k+ miles on it. So is it possible to challenge their offer and ask for a higher amount and actually expect them to budge? I'm not even sure exactly how much to ask. We've put quite a bit of money into the car and it basically ran perfectly before the accident, at least for a car with 150k miles on the odo.
Last edited by R_Squared; 09-17-2008 at 07:52 AM.
09-17-2008, 07:56 AM
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Pull 10 comps and write a demand letter attaching the comp examples in your market. Figure out your desired amount and add 500. Then they;ll counter and you can meet in the middle.