NADA car value & Insurance - PeachParts Mercedes-Benz Forum

centroid1 · #1 01-09-2009, 11:01 AM

Quote:

Originally Posted by Matt L

You will probably find that your own insurance company is more accommodating. We did a few years ago with a somewhat worn 300SD. The other company offered $1000, our company offered over $3000. We were out the deductible for a few months while our company sued theirs.

I'm not following here, when you say your company, do you mean that the car was a company car ?

What was the result of the lawsuit and what was the process like ?

Matt L · #2 01-09-2009, 07:02 PM

Quote:

Originally Posted by centroid1

I'm not following here, when you say your company, do you mean that the car was a company car ?

What was the result of the lawsuit and what was the process like ?

By "my company," I mean the company behind the full-coverage car insurance that we purchased.

The suit (which may not have even been filed) was to reclaim the loss to our comprehensive policy by claiming against the other driver's liability coverage. Their offer was laughable and I pay for insurance for a reason.

As I said, we got the payout minus the deductible immediately, and the deductible after a few months. The suit probably was not even filed; the threat of a suit by someone that they knew was serious was probably sufficient. It certainly did not go to court.