Need Advice Regarding Insurance Company Chasing Me For Money

[sky017]

Very intersting story you post , im glad mine wasnt anything that bad but still it shows how discrepancies are made to cash in debt . Iv made contact with a traffic lawyer , but i still havent heard back from the insurances dispute team , in the mean time im hoping to get some from of backbone to stand against to support me through this.

[D_I_F]

Well you hit an Aston Martin... Sucks to be you..

Insurance companies can only claim for damages caused by the incident. They won't repair per existing damage.

You'd be stupid to even bother claiming bankruptcy, it causes more problems being in it than not. You're lucky at the end of the day it's only 8k. Look at getting a loan or you can negotiate a payment plan/price if you are having financial difficulties.

If you had insurance on the car at the time just lodge a claim.

[evil_weevil]

time limit to lodge a claim is 7 years if you obviously have proof of loss.

bankrupt as DIF said can f**k you up a lot longer in other ways, getting a loan, getting insurance, etc etc

who is the insurer for the Aston?

7-8k is cheap. I have seen a small dent on a bonnet cost 9k for a DBS. true story.

[luke gtr]

time limit to lodge a claim is 7 years if you obviously have proof of loss.

bankrupt as DIF said can f**k you up a lot longer in other ways, getting a loan, getting insurance, etc etc

who is the insurer for the Aston?

7-8k is cheap. I have seen a small dent on a bonnet cost 9k for a DBS. true story.

why so much?

what are their parts made out of?

i can not fathom why it would cost expenantially more than a normal car.

[luke gtr]

or is it a, "prestige" car "tax"?

[evil_weevil]

the bonnet itself, went to an Aston Martin only repairer, yeah, tax for sure haha

[zedries]

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

[evil_weevil]

Some insurers guidelines will have in place if you have been bankrupt or in receivership within 5 years they won't offer insurance, if you disclosed at renewal also if bankrupt they'll decline renewal. Again depending on the insurer how long they cosnider, majority are 5 years.There are a few people in here in the industry also.

[D_I_F]

Some insurers guidelines will have in place if you have been bankrupt or in receivership within 5 years they won't offer insurance, if you disclosed at renewal also if bankrupt they'll decline renewal. Again depending on the insurer how long they cosnider, majority are 5 years.There are a few people in here in the industry also.

What he said...

[D_I_F]

Not trying to flame anyone - just want the OP to be clear.

You aren't the only person who works in the industry. There is quite a few on here who are as well.

[GTR32G]

You aren't the only person who works in the industry. There is quite a few on here who are as well.

You should keep that top secret Corinne.....

[zedries]

Some insurers guidelines will have in place if you have been bankrupt or in receivership within 5 years they won't offer insurance, if you disclosed at renewal also if bankrupt they'll decline renewal. Again depending on the insurer how long they cosnider, majority are 5 years.There are a few people in here in the industry also.

Completely agree - Underwriting guidelines are often what gets people.

Either way, bankruptcy is not a great option IMO.

You should keep that top secret Corinne.....

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

[portaz]

Sounds like back to the future 1!! But it was a rolls

[sky017]

Update :

- Insurance company called me finally after 3 weeks of my dispute lodge . Explained the whole story to a 2nd person , who tried to resolve it with me , intially he agreed with some of the discrepencies , dropped it from $9800 - $8500 . Then i complained a little more and he said how about $6000 to be payed now , i argued further more and said im curently between jobs and cant afford to pay it even if it was that price , so low and behold he has said its a matter of financial hardship , so im awaiting forms to be sent out to show no income.

[Daleo]

Good luck mate; things seem to be progressing down the right path for you now!

[GTR-N1]

+1

Your powers of negotiation might be a model for others, so maybe later on, you can run past us what was said?

Of course, there's no substitute for making sure one's policy is active and up to date!

[sky017]

I think they just want anything out of you, they dont care as long as they get some coin . I was calm about the whole matter on the phone , despite trying to get my point across all over again and read through my notes. He didnt really want to hear about what i had to say which made me quite annoyed , because despite lowering the bill i wasnt concerned about that , i wanted the truth to be put across . Obviously being between work at the moment would help , because he stated 'we take financial hardship very serious' so as soon as i mentioned if i had to pay id go bankrupt (bluff) he turned it towards that .

i will keep this thread updated , because im sure this will happen to someone else .

[R33Keaton]

That sucks man, i had a similar thing happen to me, except someone totalled my car in the process (wasnt my fault) and because i had no insurance, they wanted me to pay to fix HIS car, which was also totalled. So yeah... In the end, the cops found out that it was his fault and his insurance ended up paying me out

Good luck, hope this gets resolved!

[NISMO]

I think they just want anything out of you, they dont care as long as they get some coin . I was calm about the whole matter on the phone , despite trying to get my point across all over again and read through my notes. He didnt really want to hear about what i had to say which made me quite annoyed , because despite lowering the bill i wasnt concerned about that , i wanted the truth to be put across . Obviously being between work at the moment would help , because he stated 'we take financial hardship very serious' so as soon as i mentioned if i had to pay id go bankrupt (bluff) he turned it towards that .

i will keep this thread updated , because im sure this will happen to someone else .

Am i seeing things, did you really just post that on a public forum while still in the process of trying to sort things out??

Ballsy!

[RB25PWR]

By stating things like that you're attempting to defraud an insurance company, be careful or you may eat those words. How many idiots do you think they get per HOUR telling them that they can't pay because they're out of work, or it'll make you bankrupt? This is business, no one cares what happens to you. -The truth.

Just request to be put on a payment plan.