Comments on: If an insurance company denies your claim for an automobile accident how can you open a new claim? http://autocarloansnow.com/if-an-insurance-company-denies-your-claim-for-an-automobile-accident-how-can-you-open-a-new-claim.html Thu, 02 Feb 2012 00:01:28 +0000 hourly 1 http://wordpress.org/?v=3.1.3 By: bundysmom http://autocarloansnow.com/if-an-insurance-company-denies-your-claim-for-an-automobile-accident-how-can-you-open-a-new-claim.html/comment-page-1#comment-1284 bundysmom Thu, 10 Dec 2009 12:47:26 +0000 http://autocarloansnow.com/if-an-insurance-company-denies-your-claim-for-an-automobile-accident-how-can-you-open-a-new-claim.html#comment-1284 The other insurance is only responsible for the actual cash value of the vehicle, not your loan balance. If there is GAP insurance it should cover the difference b/w the ACV and the loan less late payments/fees. The cop is right...you failed to yield. Just b/c you get a green arrow doesn't give you the option to just go enter an intersection w/o yielding to other cars that may already be in the intersection. You have to look first prior to entering, and even if it's clear, you still have a duty to maintain a proper lookout & take reasonable & prudent steps to avoid an accident, like honk, stop, etc. If I recall my Texas law correctly, it is a modified negligence state, which means if you are found 51% or more at fault for an accident you can not recover. If you're under the 51% threshold, you recover up to your negligent free percentage. Your failure to yield may reduce your overall settlement, both for your property damage and your injury claim. If you have insurance go through your own insurance company...that's why you have it. Let the carriers hash it out b/w each other. The other insurance is only responsible for the actual cash value of the vehicle, not your loan balance. If there is GAP insurance it should cover the difference b/w the ACV and the loan less late payments/fees.

The cop is right…you failed to yield. Just b/c you get a green arrow doesn’t give you the option to just go enter an intersection w/o yielding to other cars that may already be in the intersection. You have to look first prior to entering, and even if it’s clear, you still have a duty to maintain a proper lookout & take reasonable & prudent steps to avoid an accident, like honk, stop, etc. If I recall my Texas law correctly, it is a modified negligence state, which means if you are found 51% or more at fault for an accident you can not recover. If you’re under the 51% threshold, you recover up to your negligent free percentage. Your failure to yield may reduce your overall settlement, both for your property damage and your injury claim.

If you have insurance go through your own insurance company…that’s why you have it. Let the carriers hash it out b/w each other.

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