What is the best way to settle debt with car insurance companies? Should I get a lawyer? ?

March 7, 2017 · Posted in FAQ 
car insurance
surfmerrick24 asked:

I recently got in a car accident and my insurance company did not cover the extent of the accident. The insurance company is calling and asking for an outrageous amount. I s there a way I can negotiate a lower price and or payment plan?
The outrageous amount is 15 grand and the poor person I hit owns a Mercedes.

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11 Responses to “What is the best way to settle debt with car insurance companies? Should I get a lawyer? ?”

  1. the grimey on April 3rd, 2009 12:09 am

    lol, yeh right.

    the reason the insurance wants you paying for it is so they dont have to.

    the fact that youre even asking this question should answer it for you, get a lawyer.

  2. hammer on April 3rd, 2009 4:07 pm

    You should be able to work out a payment plan. It is illegal for a debt collector to refuse a payment, no matter how small.

  3. Giselle C on April 4th, 2009 7:04 am

    change your insurance company to century 21
    my whole family has it and theyve never had problems
    about the rest… i dont know

  4. Jarod O on April 7th, 2009 4:57 am

    If you didn’t have any insurance you could be in trouble. If I were you I wouldn’t pay anything if it’s too outrageous. Let them sue you first and put a judgment against you. Then go ahead and file bankruptcy. It’s you safest bet.

  5. wizbangs on April 8th, 2009 9:02 am

    It comes down to what the fine print on your insurance policy claims it will and will not cover.

    If you are not aware of what this information is, then perhaps you should consult a lawyer who can determine what is and is not covered.

    It’s hard to tell if the insurance company has a legitimate claim (in short paying) or if they’re just trying to stiff you. Paying “an outrageous amount” sounds like a deductible.

  6. onandonandonanon on April 11th, 2009 4:04 am

    No there isn’t! It’s up to you to make sure you have enough coverage, you didn’t, so now you pay! Accident your fault, then you owe what they’re asking! Do you realize how much your accident has affected the poor people you hit? Do what’s right and pay what you owe and for God’s sakes be more careful!

  7. ESME-Q on April 13th, 2009 5:12 pm

    Yes. If you want to do this on your own and you don’t care about your credit for now. Let it go into collections and when they call , you can negotiate with them. The insurance company will not help at all. Or if you have some money get a lawyer. No matter what the accident will be on your record for 3yrs. or 5 depending on the state you live in. Good luck!

  8. yellow_buger on April 15th, 2009 7:38 am

    I work for an insurance company in their recovery department…it might be me calling you??? Just kidding, but it might be. I am assuming that you are referring to having a low limits policy where your carrier paid their limits and now the other company is coming after you for the rest. Most companies will offer payment plans and settlements in full (at usually about 60-80% of what you owe). The fact of the matter is that unless you have A LOT of money or assets that they can attach to, it is probably not cost feasible for them to sue you, but they can affect your ability to legally drive by having your license pulled and invalidating your vehicle registrations…it is your best bet to talk to them and try to work something out or you will be at the short end of the stick… A Lawyer will only charge you for making this settlement, they will not be afraid of your attorney. Insurance companies have attorneys too.

  9. Bart M on April 18th, 2009 11:57 am

    Speak to your insurance agent, that’s why you ahve insurance

  10. jimb.riley on April 20th, 2009 1:41 am

    1) Is what they are asking your deductible?
    If so then that’s your agreement with them.
    If it’s beyond your Deductible could it be the
    cost of repairs after the payout limit has been
    reached in your Policy -if so negotiate a
    payment plan.
    2) They are asking for the amount because
    you were late often in your payments? but
    was still within the permissible window
    required by law for them to continue
    coverage if so you have made a bad
    reputation with the insurance company and
    they are just trying to ‘balance’ out the risks
    factor vs payout.
    3) if your rate increased due to the accident
    maybe it’s time to move on to another
    insurance company (you can always cancel
    policies -at times there are processing fees
    4) Read your Policy Contract -if you cannot
    understand all of it you can go to a legal
    aide in your city (there’s a lot that does this
    as part of their required ‘community service’
    in order to maintain/ acquire practice license.
    5) if you do OWE the Insurance Co. Just
    negotiate a payment plan until you get it
    paid off -also maybe change carriers while
    maintaing paying them off. As long as it is a
    plan that you can afford to pay and be
    consistent with in payment they will have to
    6) What kind of Insurance company Policy did
    you get yourself into? -Policies generally
    cover the cost of damages minus your
    agreed deductible and policy limit which you
    will pay. Anything else is ???
    7) Is the Ins. Co. that’s demanding payment
    from the Other Persons’ if so the adjuster
    from your carrier assigned to this claim
    should be the one handling all these -unless
    your Policy has Specifically written in it
    otherwise. Or was you Policy dropped by
    your carrier prior to the accident or they
    have determined they are not liable by some
    form of breach of contract?

    Before you buy & sign the policy always know exactly what is in the contract -what’s excluded & what is included…
    Ask the Agent to explain the policy -that’s what they get paid for- don’t let them make you feel like you’re encrouching on their time because you are the purchaser and have the right to have as complete of an understanding of the contract.

    If you cannot get this settled seek advice from a free legal aide first before spending all the money on a full-on Atty. Most Adjuster only ‘throw’ the implication of lawyers and court as a form of intimedation/ scare tactic (which is not right but most often they get away with)

  11. tinsink5 on April 20th, 2009 2:04 am

    How much is your coverage they will only cover up to the lemet of your policy If ou hit a Mercedes itn not cheap to fix and they have the wright to go to and place they wont to take it to. depending on the damages and your coverage your stuck. for the bill above what the Insurance will pay Call the Ins. and work out a payment plan This is a perfect exampel of why we pay large preums They will pay to have the car fixed the they the Insurance company has to wait for you to pay them guss where they get the money for the other driver Insured by them.

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