Good luck with the situation- I always thought his insurance would pay since he was at fault! ANd frames can be fixed and sometimes it comes out better before was in the accident or really close

If you can't get them to cover the negative then I would demand to get the car fixed if you really want it and don't want to fish up $3k to cover the negative and then you still have to go out and buy another car

Honestly don't forget to keep up with payments until its resolved!

 

This is wrong, unless he is denying that he is at fault. If he has been found, and admitted he was at fault, then you should have been calling his insurance company first thing. They will contact him, verify information. Then they will contact you to have the vehicle estimated. Then they will make an offer.
You should not be dealing with your insurance at all at this point, all you are going to do is fuck up your premiums if you make a claim against yourself.

 

****The way it was explained to me, my insurance will pay me at first, then they go after the other guy's insurance to cover their costs. He's 100% legally at fault and has a court date on the 9th for reckless driving.****

This doesnt make any sense unless the other insurance company is denying the claim. This is called subrogation, where YOUR insurance has to settle a claim directly with the AT FAULT driver insurance and getting you paid for anyways. Even so, you may not get $7800 because its not the insurance company who has to pay for a bloated loan balance. I paid $600 for GAP insurance on my $31,000 car, well worth it.

 

Also contact your bank / credit lender about this situation and tell them what happend and they also can be of help.

When my 05 Ranger had problems out the wazoo that is who i contacted and they contacted Ford and that is when Ford bought it back.

 

110% right.

You owe more than the car is worth(negative equity). It is not up to the insurance to pay unless you have gap insurance.

 

Thank god I have GAP. I knew I got it for a reason, not that I want to wreck my car and start all over again though.

 

I used to be an adjuster for GIECO (a little over 2 years in the indsutry)

You always have 2 options when you get in a not at fault collision.
1. File directly through guilty party's insurance company and deal with them.
2. FIle through your own company, pay your deductible, have then do the dirty work of "fighting" it out and then you'll get your deductible back and your rates will never be affected because it was not at fault.

The advantage of option 2 is if the other complany is denying liability or the person is being flaky and giving you bad information. Also, some customers (mostly elderly) want to work with "their" company only.

The ins. company doesn't owe you for your "fucked" financing situation, they owe you fair market value of the car. Even the other guys company doesn't owe you any more than fiar market value. If you can find ads in this same area of similar cars selling for more with similar miles, mods, codition then by all means show that to them, their job is not to "screw" you.

You can indeed buy the car back... just return the check they've given you and they'll take a 10-15% salvage fee off of the settlement... this is what they would have made selling the car to the salvage yard.

PM me if you have any more specific questions.

 

I never stated the insurance company is screwing me over. This being my first time buying my own car, I wasn't aware of gap insurance (Neither the bank nor the dealership offered it). So it looks like all I'm really gonna do is bring in ads to increase the value, bite the bullet, and recoup the money for my medical bills. Thanks for all your help.

 

Did you try talking to a lawyer? Also, who is your insurance??? I have Geico and when I had my accident, and I was not at fault, they totaled my car and gave me 5000 for my old '97 Eclipse GS...which by the way i was trying to sell at the time for 4000 and bought a year before for 3500! The insurance company was very helpful and understanding, they even let me go to the place where the car was towed off to and take off all of the aftermarket parts I had on there (wheels, exhaust, intake, cd player, even optima battery) and no, i didnt have accessory insurance. Then, on top of that they gave me 800 for "personal troubles".

Good luck with your situation dude, just don't give in for low ball offers.

 

I didn't know you quit, what are you doing now?