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Cars and Transportation
Reply to "Whose insurance to call"
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[quote=Anonymous]If you pursue the claim through your insurance carrier you will be responsible for any deductible, which could exceed the amount of the damage. Your insurer will then recover the deductible from the other driver’s carrier through a process called “subrogation” whereby they determine who is at fault. In some cases, when you make the claim directly against the other driver’s carrier for a relatively small amount they will simply send a check upon receipt of an estimate. It’s then up to you to do the repair. You still might want a good mechanic to confirm the likelihood of more serious damage that isn’t readily apparent. Another potential issue is “diminished value.” Your car is now worth less in terms of resale/trade-in once sn accident has been reported. Some states allow you to recover that amount as part of a settlement. [/quote]
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