|
|
|
|
| Author |
|
|
Dept store Quartermaster
Join Date: Jul 2001
Location: I'm right here Tati
Posts: 19,858
|
Hit in parking lot, better to know who did it?
Is there a difference on your insurnace for a hit/run in a parking lot vs when you get admission of guilt from the guilty party? This is in Michigan, as I know laws can differ. I'm wondering if your rates are affected less or not at all when the guilty party is identified and admits 100% guilt.
__________________
Cornpoppin' Pony Soldier |
||
09-06-2006, 05:33 AM
|
|
|
Senior Member
Join Date: Jun 2000
Location: N. Phoenix AZ USA
Posts: 28,943
|
Would feel that as the other party now pays for the damage, that it would always be better.
Otherwise your insurance would have to pay for everything. At least thats the way it is in this state.
__________________
2013 Jag XF, 2002 Dodge Ram 2500 Cummins (the workhorse), 1992 Jaguar XJ S-3 V-12 VDP (one of only 100 examples made), 1969 Jaguar XJ (been in the family since new), 1985 911 Targa backdated to 1973 RS specs with a 3.6 shoehorned in the back, 1959 Austin Healey Sprite (former SCCA H-Prod), 1995 BMW R1100RSL, 1971 & '72 BMW R75/5 "Toaster," Ural Tourist w/sidecar, 1949 Aeronca Sedan / QB |
||
|
09-06-2006, 05:37 AM
|
|
|
Dept store Quartermaster
Join Date: Jul 2001
Location: I'm right here Tati
Posts: 19,858
|
Well, the guy is going to pay the deductable and the rental (this is not for me), but I'm wondering if the "hit" persons rates are also going to go up (or go up more since there is no other at fault party).
__________________
Cornpoppin' Pony Soldier |
||
|
09-06-2006, 05:39 AM
|
|
|
Dept store Quartermaster
Join Date: Jul 2001
Location: I'm right here Tati
Posts: 19,858
|
I should add.....this is not a question of whether or not the insurance company should be deceived. They have already been told what actually happened, it is rather a question of the monetary difference that may have been.
__________________
Cornpoppin' Pony Soldier |
||
|
09-06-2006, 05:53 AM
|
|
|
Registered
Join Date: Jul 2004
Location: New England
Posts: 5,136
|
If there is an identified party at fault, his or her insurance will pay for everything, and the incident will not be chargable to you on your insurance. Thus it will not affect your rates.
If you use your uninsured/underinsured coverage to pay for the damage to your car (which is typical for hit and run situations), that IS a chargable incident, and can affect your rates.
__________________
We will stay the course. [8/30/06] We will stay the course, we will complete the job in Iraq. [8/4/05] We will stay the course *** We’re just going to stay the course. [12/15/03] And my message today to those in Iraq is: We’ll stay the course. [4/13/04] And that’s why we’re going to stay the course in Iraq. [4/16/04] And so we’ve got tough action in Iraq. But we will stay the course. [4/5/04] Well, hey, listen, we’ve never been “stay the course” [10/21/06] --- George W. Bush, President of the United States of America |
||
|
09-06-2006, 05:54 AM
|
|
|
Dept store Quartermaster
Join Date: Jul 2001
Location: I'm right here Tati
Posts: 19,858
|
Rodeo, in Michigan we have a "no-fault" system so it always gets charged to your own policy. The insurance companies than negotiate/duke it out amongst themselves. Best I understand it anyway.
__________________
Cornpoppin' Pony Soldier |
||
|
09-06-2006, 05:56 AM
|
|
|
|
Registered
Join Date: Jul 2004
Location: New England
Posts: 5,136
|
Well, as long as the at-fault driver is identified, you should be ok then.
__________________
We will stay the course. [8/30/06] We will stay the course, we will complete the job in Iraq. [8/4/05] We will stay the course *** We’re just going to stay the course. [12/15/03] And my message today to those in Iraq is: We’ll stay the course. [4/13/04] And that’s why we’re going to stay the course in Iraq. [4/16/04] And so we’ve got tough action in Iraq. But we will stay the course. [4/5/04] Well, hey, listen, we’ve never been “stay the course” [10/21/06] --- George W. Bush, President of the United States of America |
||
|
09-06-2006, 06:03 AM
|
|
|
Cars & Coffee Killer
Join Date: Sep 2004
Location: State of Failure
Posts: 32,246
|
To answer your basic question:
Yes, it can affect your rates, but it depends on your insurer's underwriting guidelines, which are generally kept secret.
__________________
Some Porsches long ago...then a wankle... 5 liters of VVT fury now -Chris "There is freedom in risk, just as there is oppression in security." |
||
|
09-06-2006, 06:13 AM
|
|
|
Registered
Join Date: Mar 2002
Location: My House
Posts: 5,345
|
In CA if you have a no fault incident that is charged to your insurance you can't be dinged for it on your rates. If the other party is identified, you're still not "at fault" so you can't be dinged. If they are uninsured or won't pay it's up to the insurance company to recover the money.
My car was hit on the street a while back with no note left of course, pretty nasty hit too. Not my fault, insurance paid for it less the deductible. I was rear ended last year and rather than wait for their insurance to pay for things and fix things I used my insurance to get it all taken care of and they recovered the costs from the other guy. It also meant that with the repairs I was only dealing with MY company, so if something was wrong I was dealing with my stuff and the people "on my side" rather than fighting with the other guy's company.
__________________
-The Mikester I heart Boobies |
||
|
09-06-2006, 06:27 AM
|
|
|
Dog-faced pony soldier
|
They can still drop you. Happened to someone I know.
__________________
A car, a 911, a motorbike and a few surfboards Black Cars Matter |
||
|
09-06-2006, 07:07 AM
|
|
|
Dept store Quartermaster
Join Date: Jul 2001
Location: I'm right here Tati
Posts: 19,858
|
That's really the point though, do they take it easier on you if the at fault party is identified(so they can go after his policy holder) or is your "penance" the same regardless?
__________________
Cornpoppin' Pony Soldier |
||
|
09-06-2006, 07:12 AM
|
|
 |
| Thread Tools | |
| Rate This Thread | |
|
|
