I filed claim on day 1 with my insurance but since it was other driver fault , I had to wait almost 5 days to get police report to file claim with other driver policy.
Meanwhile my insurance came out on day5 as total loss with 15k payout but said 1k deductible plus may be rated as payout happens and may impact future auto premiums.They suggested go with other driver policy.
The other insurance has been tough to deal right from rental coverage and now coming with around $11k payout. The adjuster said I must accept it asap and they will stop rental. I told them it is very low and I found couple of listings in my area which are around $12k (all with dealerships which means out the door will be higher than $12k)
How should I proceed ? Also ask rental atleast until I get vehicle shopping completed (say 1 to 2 weeks)?
Thanks in advance
Edit : this is in NJ
Car totaled: other driver insurance claim is low
byu/rj_imm_2232 inInsurance
Posted by rj_imm_2232
2 Comments
You didn’t say what state but…
>Meanwhile my insurance came out on day5 as total loss with 15k payout but said 1k deductible
Why would you leave money on the table? Even if the other folks give you another 1k, that’s still less money towards the new vehicle.
If it were me I’d take the 14k, get a vehicle with that money, and move on.
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