zedries

Completely agree - Underwriting guidelines are often what gets people. Either way, bankruptcy is not a great option IMO. Ha ha - I can understand why. No one really "loves" the insurer.. even when they accept claims. Oh, and on a side note - lots of great info on this forum and what seems to be a good crew. Z

Hi Guys - new to your forum after being a Honda guy but this topic peaked my interest. I work in the insurance industry and just want to clarify a few things for the OP. Bankruptcy is only supposed to affect you for 3 years - see the ITSA website for more info. A claim for negligent driving, or a claim in the tort of negligence is available 6 years after the date of loss (collision date). Insurer's do not need to get three quotes. This is incorrect. As it stands, case law allows the cost of repairs with a range of reasonableness. It is for you to show that either the repairs conducted were unnecessary or "extravagant" in the circumstances. This is VERY difficult to show, particularly where it is a prestige car. If you feel like reading some case law search for a case called Fung v Stocovaz Unfortunately much of the info in this thread is only half truths. Not trying to flame anyone - just want the OP to be clear. if you have a good traffic lawyer they should know all this already. The trick is to try and make this go away before there are any proceedings filed in court as this is where costs and interest start to accrue. If you can avoid service for 6 years then more power to you but if court papers appear you can no longer run - the result will be worse than bankruptcy. I would attack this head on with an explanation of why you can't afford any more than $X. Whatever you pay, make sure there is a waiver/release for the rest of the debt. Best of luck my friend. Zaahir