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#46
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[QUOTE=michakaveli]
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You loan your car out to someone who IS covered and they put a family of 5 in an ICU for a month.....and the costs far excede your coverage.....do you think they can't go after YOU the owner for the rest? If you think not you are sadly mistaken.........If that owner did not report the car stolen, or file stolen vehicle charges against the driver THEY ARE responsible for anything that happens......You better talk to another Lawyer.....if you haven't already you better get a lawyer.
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Proud owner of .... 1971 280SE W108 1979 300SD W116 1983 300D W123 1975 Ironhead Sportster chopper 1987 GMC 3/4 ton 4X4 Diesel 1989 Honda Civic (Heavily modified) --------------------- Section 609 MVAC Certified --------------------- "He who fights with monsters might take care lest he thereby become a monster. And if you gaze for long into an abyss, the abyss gazes also into you." - Friedrich Nietzsche |
#47
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Uninsured driver
A little wrinkle that may be of some help if it exists in your state in some form:
Some years ago a young guy pulled out right in front of me - rainy conditions, no time to stop, T-Boned him, both cars totaled. The police stated he was 100% at fault. His insurance had been cancelled the night before for non-payment. I had to take him to small claims, got a judgement for $2200 (a lot of money to me, even tho it was about $800 less than my loss) ..... youngster's father laughed at me on the way out, said they'd never pay. I found that Florida has an Office of Financial Responsibility ---- when they were properly notified (with certified copies of everything), they suspended the young man's license to drive until he satisfied the judgement. The reasoning here is that one loses the privilige of driving until one has fulfilled one's financial responsibility. This worked --- in a very short time the father called, spluttered a bit, made a deal for $2000, and paid up ------ because the son had to drive in order to work. At least I could buy something to drive ... The young owner may be in a similar situation -- which of us can get around without a car? -- and may have to find a way -- like a relative --- to settle up. Best of luck. |
#48
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sell to insurance co or have repaired???
I am having my 1991 350 sd turbo repaired to the tune of over $6,600.00 in lew of a cash settlement of close to $10,000.00.[thanks to the unlucky deer that decided to dart out of nowhere and cause all this damage].the reason that i decided to have it repaired is mainly that the frame wasnt damaged--just cosmetics---also i am gaining a new paint job [complete].
the only other thing that you might want to consider is settling with the insurance co but be able to buy it back from them at salvage value[which is quite high].--do the math and see which is best for you. sorry that you have to go through all this;however you are not alone. barnes
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mercedes 220s--sold mercedes 300d--sold mercedes300dturbo--sold mercedes 350sd turbo [will outlast me] jaguar xk140mc hardtop mgb [several of them] mga mg-td with right hand drive[my 1st car] |
#49
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#50
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Sorry about your loss !! A few years ago my trusty old Volvo240 wagon was involved in a T-Bone accident and not my fault. However-I had no emotional attachment to the car and I payed only $1300 for the volvo origianlly but was offered $3700 as a settlement. The buyback was $700--way too much. I grabbed the $3700 and ran to the bank. The insurance of the other fellow was balking at paying up but as soon as I mentioned I may have to visit the Doc for possible "Whiplash" seemed the settlement check appeared out of nowhere. Seems the Whiplash comment was the catalyst that moved the deal !! |
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