Quote:
Originally Posted by RockCrusher
I was afraid my insurance company would not declare the car a total loss and instead seek to have the car repaired.
Which I did *not* want done.
And seeking a quick settlement can work against one. He might accept a lower settlement amount than he might get by being patient.
The settlement didn't take too long. Accident happened May 4 and by June 19 I was driving the Cayman's replacement, a 2003 996 Turbo with <10K miles in pristine condition with a 2 year/100K mile warranty.
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Why would your insurance be less willing to declare the car a total loss than the third party's insurance? I would expect the other party's insurance to be focused on low balling as much as possible to keep their costs low and not needing to factor your customer relationship into it (as you're not their customer).
You don't have to accept a quick settlement from your insurance either...
I've always gone through my insurance and let them duke it out. Just wasn't understanding if there is something I'm missing on the other path. So far, people usually just tell me they worry about their rates going up. Which doesn't make a lot of sense to me (your insurance goes up on an at fault accident).