Quote:
Originally Posted by mitama
My insurance claim department is not even pickinup..
F*** Geic*
So once I figure out my insurance company has paid the max.
What would you recommend to do next? Call their insurance company and tell them I have no money..?
I can't even hire a lawyer. I have $100 in my bank account
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I am going to make some assumptions here so correct me if anything is wrong.
You are distinctly at fault in the accident. You received a ticket or charge and did not fight it. It is now too late to get a lawyer and try to fight the level of responsibility.
Your insurance policy was for up to $5,000 property damage and the repairs were $13,000. This leaves $8,000 left over. Your insurance company is NOT going to cover that since your premiums paid were only for the $5,000 max. The remaining part is your responsibility not theirs.
You have no money but that means nothing when you now owe some. There is really no way to get out of it and the $$ amount is high enough that the other insurance company is not going to just walk away.
What I would do is speak to the other company and see if you can make any arrangements for payments. Ignoring it isn't going to make it go away since the insurance company has a totally legitimate and reasonable claim against you. If they take it to court and get a settlement against you (not having any money is not a defense and they WILL win) then you will end up paying even more since legal and court costs will add up fast and will get tacked onto what you owe. Contacting them and getting a deal made will cost you money but it will be less than a court judgement and will probably not impact your credit score. Even if you had to take out a loan or (I hate to say it) sell the car to cover the costs you may be better off than any forced settlement.
Yes the whole thing sucks but hopefully you now understand the importance of full coverage insurance.