On Mon, 23 Feb 2004 19:14:30 -0500, "Trainfan1"
'> My car was hit by a car that was insured by Geico Insurance and
'> Geico says my car is totaled. They offered to give me much less
'> than what it would cost to replaced my car and then said I could
'> keep the car for the highest salvage fee I have ever heard of for a
'> totaled car. It was an obvious low ball tactic to save money.
'Geico doesn't owe you one thin dime. Their offer is simply an offer to
'settle in lieu of suit.
'> I have already talked to several body shops who estimated the
'> salvage value of half what Geico wanted.
'Find a shop or dealer who will go to the auction and buy the car back for
'you, if you honestly feel this way.
'> I have no job and can not afford to buy another car, so the tactics
'> of Geico would leave me without a car to go along with my
'> unemployment. Then they tried to get me to use my insurance
'> which would mean I would pay a large deductible and my insurance
'> premium would go up when I am not at fault.
'If you really believe you are at 35% or less at fault, then use your own
'insurance company. They will get your deductible back for you.
'>Their last words were to have my lawyer contact them.
'This is a key phrase we use in the claims business to indicate that you are
'now being unreasonable/argumentative/emotional, and we do not wish to
'discuss the matter with you any more. I use it a lot. I'm sorry to say
'this, but it's true. When someone even mentions contacting an attorney, I
'assume immediately they have "lawyered up", and I practically beg them to
'please have their attorney call me. Contrary to popular belief, it is much
'easier to deal with a law professional in these situations than to the
'>As if I could afford a lawyer.
'You CAN afford an ENTIRE TEAM of lawyers... they work for you at a place we
'call "your own insurance company" to which you have been paying premiums.
'>in other words they low balled me on purpose knowing I would not
'> accept their offer. They are hoping I choose to use my insurance
'> and they will pay nothing.
'Unfortunately, you have no contract with Geico, and their duty is to defend
'their insured and to minimize any claim payment to third parties, within the
'bounds of good faith (especially when serious injuries are involved).
'Substitute ANY insurance carrier for "Geico" in this thread. Be careful
'that your slamming them here does not subject you to libel/slander
Good point Rob !
But, what would you do in case you do not have collision coverage for
the vehicle damaged by a negligent driver ? Can you still file the
claim through your own insurer ? if not then what is the best way to
handle such a claim?