On 3/22/16, Pete Arakelian <arakelianp@mossmotors.com> wrote:
> All this talk of insurance, collector policies, and agreed value got me
> thinking about who is liable. If someone hits my car, are they not liable
> for damages? What does it matter what my insurance says, it is their
> insurance and personal worth which would/should pay the damages to my car.
> Even if their insurance had a limit, why is that my problem? If their
> insurance company wants to total my car, can I not refuse the offer and
> demand payment of damages from either the company or the individual?
>
> Peter Arakelian
>
It doesn't actually work that way. In no-fault states, your insurance
pays for you; his insurance pays for him. And what if he is under/not
insured? You're welcome to sue him, but you'll likely never collect.
Even if you do, he might just file bankruptcy and you're screwed
twice.
Your own insurance protects you from catastrophic financial loss, but
it will never make you whole again.
--
Hoyt
** triumphs@autox.team.net **
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