Yeah the other party’s insurance is like, well here’s 9000 bucks for your car. So it means that if you’re driving a passenger van you can get hit by some idiot and then end up driving your family in a beat up mini cooper! Yey! You know, because your van is old. Its your fault that you have chosen to ride something affordable vs wanting to pay a car mortgage like a smart person.
Comment on Insuranace is a joke
tomi000@lemmy.world 1 week ago
What do you mean ‘the insurance’? The other parties insurance, right? They usually have to provide an equivalent replacement, accepting a payment should be your choice. Dont know what its like in your specific case though.
altphoto@lemmy.today 1 week ago
jj4211@lemmy.world 1 week ago
When it’s totaled, then you get a cash payoff for what they declare it to be worth. It being the other person’s insurance does give you a bit more leverage than is it were your own.
At least in my case, I was able to negotiate a bit and got the other person’s insurance to at least go up to paying the blue book retail for mint condition of the car. They also tossed in a few thousand for pain and suffering and covered a full month of rental car. In my case someone in the other car was unresponsive and needed an ambulance ride, and on my part I had been very thorough in documenting everything that legally would count including damaged contents in the trunk, missed work, and other things.
However ultimately it is a check and car sales can be rough. So it may be that they were underpaid, or that the car’s general book value didn’t match their subjective value for the car, or they were thinking they should get what they paid for it. I could imagine if they bought a 2015 in 2019, they were probably getting a decent, off lease practically new car. Now they have a check appropriate for buying a 2015 of the same make and model and the 2015s now available are in worse shape than they kept their own, previous owners that neglected their car over a longer period.