insurance clames

[grey ghost]

has anyone ever had to deal with the insurance company for dear damage when they had their truck fianced?

i hit a deer yesterday and reported it to my insurance company. i was wondering if the option of fixing it my self would still be be considered?
in the past the insurance company would just pay part of the estiment minus the part of the estimated labor and call it good . i don't know being i have it fianced through a bank, if they even do that anymore?
any one know or is there anyone that sells insurance on here can tell me for sure? thanks for the help in advance.

****** links to pics on page 2 ************

 

[edgerunner]

mmmmm i love clames....but claims no i havent hahahaha

 

[grey ghost]

what's bad is this is my first claim ever and i've been driving since i was 16,now i'm 40 what did i do to deserve this?

 

[1996 fordranger 4x4 stx]

has anyone ever had to deal with the insurance company for dear damage when they had their truck fianced?

i hit a deer yesterday and reported it to my insurance company. i was wondering if the option of fixing it my self would still be be considered?
in the past the insurance company would just pay part of the estiment minus the part of the estimated labor and call it good . i don't know being i have it fianced through a bank, if they even do that anymore?
any one know or is there anyone that sells insurance on here can tell me for sure? thanks for the help in advance.

As far as I know you can have them write YOU the check and you don't have to LEGALLY get it fixed, DON'T LET THEM TELL YOU OTHERWISE.

I had a minor dent caused by a careless driver opening his door into mine ( i witnessed it ) and I got his insurance and the first thing his agent said was WHERE DO YOU WANT US TO GET IT FIXED/lmao and I said AHHH-NOOOOOOO just pay me and I will get it fixed my self ,thank you very much.

 

[edgerunner]

you did nothing it was chuck norris getting back at the deer

 

[grey ghost]

the body shop gave me an estimate of $1,802.60 and i can get everything from evilbay exept the hood hinges for $625.00 i found the hinges for $30.00 a pair and i can get a couple spray bombs for $12.00 a peice at my local auto parts.
this is new parts and maybe can do better than that at a pick and pull?

 

[grey ghost]

you did nothing it was chuck norris getting back at the deer

now that'a funny

 

[Shran]

I would check with your bank first before you fix it yourself... banks get pretty butthurt sometimes about stuff like that. They may see it as reducing the value of the vehicle, because it wasn't repaired by a shop.

 

[metalmacguyver]

Becarefull that the check doesnt end up in your name and the banks name. Hopefully a friend of mine will explain why.

 

[kennykenny]

My only personal experience with this was getting hit by someone else...insurance co. totalled the car and gave me more than the book on the car and let me keep it. I drove it a few more months and then ditched it and put the money towards the ranger. Friend of mine was in your situation about a year ago, he got a few estimates from different shops and submitted them to insurance co. and they wrote him a check for almost 4,000, he fixed it himself for only a small fraction in parts.

 

[slimchriz]

The bank who financed you might require proof its fixed Ive never had them do it to me 4 claims so far...not including the theft that was totaled...

but the insurance company will probly try to insist the check be made out to a shop might posible do this because the bank requires them to ...not sure on that...

 

[Randy M.]

As far as I know you can have them write YOU the check and you don't have to LEGALLY get it fixed, DON'T LET THEM TELL YOU OTHERWISE.

I had a minor dent caused by a careless driver opening his door into mine ( i witnessed it ) and I got his insurance and the first thing his agent said was WHERE DO YOU WANT US TO GET IT FIXED/lmao and I said AHHH-NOOOOOOO just pay me and I will get it fixed my self ,thank you very much.

Before you start giving out advise like this, know that every states insurance laws are different. In your case, another driver is at fault and THEIR policy was paying or the damage. You are not under contract with them, so they can and should pay you direct. Unless ol' Bambi has an insurance policy, the damages will be paid under the COMP section of Grey Ghosts policy.

Grey Ghost

The normal is that if the vehicle is financed and has a lien on it, the insurance company has to write the check to the insured (you) and a repair shop, or the insured(you) and the lienholder (bank that you have the loan thru) The reason is the lienholder is also listed on the policy as an additional insured in order to protect their (leinholders) interest in the vehicle. Let's face it, the bank owns it until you make the last payment. If you were to default on the loan, and it would get repo'ed, the bank has a right to make a claim for damages to the vehicle under your policy. (Because they are listed as an additional insured). If the insurance company pays you for a covered loss, (your deer hit) and you don't fix it, and if it got repo'ed, the bank can STILL make a claim for the damages and the Insurance company, by law, would have to pay for the damages a second time.

I am not currently licenced in Pennsylvania, but I was up until 2005, and that was the way the law was at that time. Check with your agent.

Another thing to remember...if you fix it yourself, the Insurance company does not owe you the same labor rate as they would a shop. The reason is: You can not profit from an insurance claim, that is fraud. (insurance is to put you back to the same place you were before the loss, not in a better position than you were) They will usually pay labor at the same rate as YOUR hourly pay.

In most cases, your lienholder will hold the check until you bring it to them to verify that repairs have been made. They will then cash the check for you.

 

[grey ghost]

since the estiment was for $1800.00 and i can get the parts for $650.00.
looking at my $500.00 deductable, i'm thinkin about just saying forget it and just doing the work myself

 

[slimchriz]

Get friendly wit your local body man

 

[grey ghost]

talked to my adjuster today and they gave me a check for $11037.50.
sadly the check is made out for me and the bank. don't get me wrong i'm not complaning but posting for general knolage for others. i have the option of fiving it myself which i'm going to do ..

{total for parts and misc for me to do myself is $347.90 i have everything ordered now }

now when i'm done all i have to do is go to my bank and give them the pictures that they requested and they will put that check twords my payoff since i didn't use it for repairs they just won't cash it for my pocket it has to be used for the truck.

{this is for others to learn by} banks have the fianil sayso if fiananced}