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Q: Automobile accident ( No Answer,   3 Comments )
Question  
Subject: Automobile accident
Category: Miscellaneous
Asked by: ansmepls-ga
List Price: $2.00
Posted: 25 Oct 2004 18:46 PDT
Expires: 24 Nov 2004 17:46 PST
Question ID: 420075
I let somebody drive my automobile and he had an accident that was determened
his fault. I am fully insured so my insurance company will pay the bill.
Can I now sue the driver of my vehical for the full amount the insurance
company has paid out and pay the insurance company so as to protect my
safe driver discount. ( This in Canada)
Answer  
There is no answer at this time.

Comments  
Subject: Re: Automobile accident
From: steph53-ga on 25 Oct 2004 19:55 PDT
 
Good luck!!!!!!!!

The way the insurance companies are going, I would NEVER file any claim...

Steph53
Subject: Re: Automobile accident
From: jack_of_few_trades-ga on 28 Oct 2004 06:33 PDT
 
I'm assuming that this person is/was a friend or relative (if not then
what were you thinking loaning them your car??)

I always go by the rule:  Never loan to a friend what you're not willing to lose.  
In this case you stood to lose your deductible + any additional
premiums your insurance company charges you over the next few years
(and of course any additional value your car had over the amount
insurance valued it).  So we're probably talking about a couple
thousand dollars ... $500 deductible + $1000 increased premiums + $500
extra value you lost in your car.
I suggest talking to your friend and showing him your own numbers of
exactly what this accident will cost you and ask him to help you with
that cost since you loaned him the car in good faith that he would
return it intact.  Asking him to pay you the full value of the car so
that you can pay your insurance company won't put you in any better of
a position financially than asking for the actual cost to you (the
$2000+ amount) and would definately put further strain on any
friendship the 2 of you have.

Best of luck to you!  Keep in mind that a friendship is worth far more than any car.
Subject: Re: Automobile accident
From: ansmepls-ga on 28 Oct 2004 17:54 PDT
 
To jack_of_few_trades-ga 

If you are a ga researcher please post as answer.
Very compassionate

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