Mustang, Thank you for taking the time to explain the ramifications.
We have a fairly high deductible on our commercial auto policy. However since my earlier post I have made a few more calls and negotiated them down to collecting $250.00 from me against the deductible.
Regardless it will show as a loss against the policy and that is never good.
I have instituted a policy of purchasing all insurance/waivers on auto rentals. We recharge all job related travel expense to our customers and this will be a relatively small amount compared to the possible headaches.
Thread: Insurance company screw up.
Results 21 to 27 of 27
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03-10-2010 02:42 PMMark
Everybody should believe in something; I believe I'll have another drink.
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03-10-2010 02:50 PM
Wobble,
It will show as a loss but it is a loss that did not result from any negligence on the part of your employees so it would be considered "non-chargeable". That actually does make a difference when your policy comes up for renewal. The insurance carrier usually does not put a lot of weight on non-chargeable claims. Glad things worked out for ya!
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03-11-2010 08:43 AM
Glad things worked out Wobble!
Mustang- thank you for your time and post!
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03-11-2010 09:58 PM
Update:
My daughter talked to the adjuster and there was no mistake. She gets to keep the 7k.
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03-13-2010 03:51 AM
Keep the 2 and invest the 5!
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03-13-2010 10:12 AM
Glad to hear that it worked out. My suggestion to cash the check and don't look back was because I got screwed over bad by Progressive on a claim a while back and Farmers dropped my house because it needs to be painted. I dropped Progressive for better rates with State Farm and dropped Farmers on my second home for better rates also.