insurance issue

[Run'n'Gun]

I agree with Koz. I am an insurance agent/broker out here in Socal and trust me. I will not write an auto policy without uninsured/underinsured coverage as our minimum limits here for property damage is only 5k. First I would check with your insurance company to see if you have this coverage and if so. File a claim with them and they will subrogate against his insurance company or him directly. At least that way you don't incurr the expense of a lawyer 'cause you know that won't be cheap.

 

[Jeff Kleb]

Originally posted by Run'n'Gun


File a claim with them (your insurance carrier) and they will subrogate against his insurance company or him directly. At least that way you don't incurr the expense of a lawyer 'cause you know that won't be cheap.

:iagree:

+1 to that!! I have a rather good insurance carrier and they have offered to "go to bat" on my behalf two different times when someone else hit me......even though they really did not have to do so.

As for carrying the uninsured/underinsured coverage, it is a no-brainer here in VA. I pay about $20 a year for it and it is probably the best bargain outside of buying wine from Costco.
:awais:

With so many people driving without licenses or insurance coverage (a growing problem with so many illegals living here in the commonwealth), you would be foolish not to protect yourself for a five cents a day.

I drive commercial trucks every day, and we are required by law to carry at least one million dollars of coverage. I would suspect that a taxicab company must have some sort of indemnity/surety bond or a large comprehensive liability policy to protect them. Try checking with the NYC Taxi/Limousine Commission.

Good luck to you!

 

[maximilian]

thanks for all the information, when i bought the policy the agent never said anything about an underinsured policy, uninsured is required. a lesson learned is a lesson learned at least im getting something, more than the other guy in the accident. full coverage next time, and at least i know a little bit more about insurance and the legal system., i only paid 7800 for the car so i got a majority of it back. thanks again.