OK, that makes sense. A thousand is a little higher deductible but the premiums are less so it's a catch 22. If they see an opportunity to drag their feet, they will drag-----it--------out as long as possible. Of course, this creates absolutely no stress for the insured.

Most insurance companies just want to claims off their books as soon as possible, $1000 isn't worth any foot dragging. Even if the payment takes a year, we are talking about maybe $10 at current interest rates (hardly a cause for stress).

It's not a cause for stress unless the OP doesn't happen to have a grand laying around. The OP needs his car repaired and the body shop isn't willing to accept an IOU.

That doesn't sound like someone who should have a $1000 deductible on their policy.

this all seems fishy to me. why is deductable even being discussed. the at fault driver is the only one who will need to pay a deductable on their own car, the victim should not be out of pocket at all

and you can be the rear car and be the victim, I had a guy get tired of waiting at a drive through throw it in reverse and floor it, slamming into the front of my Explorer. the cop showed up and tried to write me a ticket, I explained to him the guy backed into me, then I showed him the rubber the guy laid before he slammed into me. luckily the guys tires broke loose because he wasnt admitting anything until the cop asked him more detailed questions

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1982 300CD Turbo (Otis, "ups & downs") parts for sale
2003 TJ with Hemi (to go anywhere, quickly) sold
2001 Excursion Powerstroke (to go dependably)
1970 Mustang 428SCJ (to go fast)
1962 Corvette LS1 (to go in style)
2001 Schwinn Grape Krate 10spd (if all else fails)

correct, the victim should not be anything out of pocket, but, in this case HE IS BEING JERKED AROUND.

Stalling.

In my last post, I reviewed how insurance companies make their money.

They must hold on to money as long as they can to grow it by investing it. Not, by paying it out instantly.

There is no advantage to paying out valid claims quickly.

It is their business plan.

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'06 E320 CDI
'17 Corvette Stingray Vert

Try stalling them on timely payment of the premium and watch what happens. Insurance is not a 'fair and equitable' business contract.

"Stalling" has a negative effect as well . . . all states require casualty insurance companies to place cash in "reserve" during the pendency of any claim, large or small. While that cash is in reserve, it has to remain liquid, not in higher yeilding investment vehicles.

As a result, there is incentive to settle claims quickly and efficiently.

You can generally, by law, stall up to 30 days, but why would you do that unless you wanted to risk a lapse in coverage?

They run their companies as a business, not as Drama Queens.

They could not care less about any individual's stalling tactics.

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'06 E320 CDI
'17 Corvette Stingray Vert

My wife actually works for an insurance company, one of their performance metrics is to minimize the amount of time that claims stay open. It costs them money to have claims "in progress." The adjusters are not being rewarded for "foot dragging."

1.The Adjuster's job is to delay the payment of claim as LONG as Possible.
[Hopefully,from the Carrier's viewpoint,until the Claimant DIES,UNPAID.]

2.The Adjuster's job is to deny ALL or Part of the legal compensatory payment
to the Insured,Under what is laughingly referred to as a "Contract".

Funny, how the Life Insurance Industry does not have "Adjusters"...
"I'm sorry Mrs. Recently Widowed, BUT we cannot possibly pay you the full
value of your Husband's Life Insurance Policy.
He was 79 years old and had all sorts of wear and tear."

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'84 300SD sold
124.128