I got a letter from other person's insurance that i owed

[Tcoat]

Originally Posted by Grady

This is why you should pay for under insured motorist coverage. Especially if you lived in a state that had that low of a requirement.



I still believe it is not financially feasible for the insurance company to go after him. they are just bullying him to recoup some of their loss.



Mitama have you received a certified letter? if not they are not serious yet.

Yep. Under/non insured policy is required by law here. Everybody has it even if they don't realize it.

He could wait for the more serious letters but he should be preparing while doing it. If it was a couple of hundred then ya I would agree but this is too high an amount to expect them to just give up.

I also repeat that they are not "bullying" anybody. They are trying to recoup the loss in a standard business manner. If somebody owed you $8,000 would you not send a letter or make a call? Should insurance companies just write off thousands of dollars from every claim and then just up the premiums for everybody to make up for it?

[AD55]

These kinds of situations could probably be averted entirely if states would require reasonable mandatory minimum coverage and require insurance companies to accept them as full settlement in an accident. Obviously an individual would have the right to sue for more, but they would have to hire their own attorney and file a separate civil action.

Typically jury's do not award damages over and above a reasonable amount unless there is something like drugs or alcohol involved.

[sukumizu]

Don't know what else you can do in your situation but hopefully you've learned the importance of rainy day funds and not cheaping out on car insurance coverage? You spent $13k repairing your car, you blew $9k at the Casino, and now your bank account is $100... Dude.

[UT_BRZ]

***I'd recommend following the advice of what has already been laid out, but wanted to add one additional item.

You have your car insured, did you happen to bundle with a renter's insurance policy? Renter's insurance covers your personal property AND has coverage for personal liability. Depending on your state (check with your company), the additional funds you are on the hook for could be covered under a renter's insurance policy since you are personally liable. It's worth looking into if you have one.

[CrowsFeast]

Originally Posted by Tcoat

We don't break it into property and injury here it is all lumped into "liability". The minimum coverage is $200,000.

Only $200k? I could have sworn it was either $500k or $1M minimum. Pretty sure I have either $1M or $2M for roughly $15 a year.

[Tcoat]

Originally Posted by CrowsFeast

Only $200k? I could have sworn it was either $500k or $1M minimum. Pretty sure I have either $1M or $2M for roughly $15 a year.

Yep the minimum is $200K. Doubt there are many that take that though.


Third Party Liability Coverage - This type of insurance covers you if you cause an accident that hurts or kills another person, or causes property damage to their car. Under FSCO rules, all Ontario drivers must carry at least $200,000 in third party liability coverage. For many reasons, a lot of people choose to carry more than this minimum amount


https://www.myinsurancebroker.com/in...ce-in-ontario/

[EAGLE5]

Canada isn't as sue happy. Also not as big on personal responsibility/freedom like the US.

[Tcoat]

Originally Posted by jsimon7777

Canada isn't as sue happy. Also not as big on personal responsibility/freedom like the US.

yep I have seen your concept of "responsibility" (great example in a thread this very minute) and love the California idea of "freedom". You obviously are clueless about Canada and Canadians and our ideals.

[mitama]

Originally Posted by Grady

This is why you should pay for under insured motorist coverage. Especially if you lived in a state that had that low of a requirement.



I still believe it is not financially feasible for the insurance company to go after him. they are just bullying him to recoup some of their loss.



Mitama have you received a certified letter? if not they are not serious yet.

What is considered as a certified letter?
Their company name and representative is on the letter, but not like stamp or anything

[ScoobsMcGee]

Originally Posted by mitama

What is considered as a certified letter?
Their company name and representative is on the letter, but not like stamp or anything

Certified mail would look like the envelope below, with tracking to the sender to verify it was delivered to you. It is entirely possible that you would have had to have signed for it, but not always required.

[Tcoat]

Originally Posted by sukumizu

Don't know what else you can do in your situation but hopefully you've learned the importance of rainy day funds and not cheaping out on car insurance coverage? You spent $13k repairing your car, you blew $9k at the Casino, and now your bank account is $100... Dude.

WAIT!
Where did the $9K come up?

[EAGLE5]

Originally Posted by Tcoat

yep I have seen your concept of "responsibility" (great example in a thread this very minute) and love the California idea of "freedom". You obviously are clueless about Canada and Canadians and our ideals.

I don't think you're interpreting me as meant. Philosophically, no-fault insurance is offensive to a lot of Americans. Of course it's somebody's fault, they'd say. Just because no-fault makes everything easier, reduces suing, and costs everybody less doesn't mean Americans will give up their ideals. Plus the insurance companies and lawyers gotta make money, so they push that philosophy.

[wolffbite]

Originally Posted by Tcoat

WAIT!
Where did the $9K come up?

https://www.ft86club.com/forums/show....php?p=3236922

[Tcoat]

Originally Posted by jsimon7777

I don't think you're interpreting me as meant. Philosophically, no-fault insurance is offensive to a lot of Americans. Of course it's somebody's fault, they'd say. Just because no-fault makes everything easier, reduces suing, and costs everybody less doesn't mean Americans will give up their ideals. Plus the insurance companies and lawyers gotta make money, so they push that philosophy.

AHHHH that isn't how it came across. I take it back. Unfortunately many here would like to go to the American type system since they can not see the benefits of the no fault method. In most cases here insurance claims are fast , easy and painless. In the few exceptions there is usually some factor thrown in by the insured that messes with the system. We can of course also sue for some things but the courts do not deal well with frivol suits and they generally don't go far.