deductible question?

Question

My car was totaled, so i settled for market value when my agent came with the check it was minis my $500 deductible! the other driver was 100% admitted at fault ..... i said that to the guy and said i wouldent accept it the check cause  i was expecting not to pay my deductible. he printed me up another check for 500 more !!!!  that was friday----im worried that monday they are going to want it back -----what do you guys think?  heres the facts 

  my agent said in the begining if they were proven 100 percent at fault i wouldent have to pay my deductable ----then called me at work to say  they just got her to   addmit 100% guilt

Todd C · Accepted Answer

Per your policy, the amount your carrier will pay is less the $500 deductible. The deductible is normally refunded once they recover from the other carrier. Some carrier will waive the deductible if they have confirmed that  the other carrier is going to pay for the loss.

So your carrier had every right to pay less the $500 deductible. If they waived it, consider that very good service. If they paid it to you, they should not ask for it back.

Anonymous · Answer

This is very common when both parties have the same insurance carrier. The claim was probably opened under your policy but was paid under the other party when it was decided they were at fault -- most likely the adjuster simply made an error and applied your deductible to the settlement.

shjf47 · Answer

Deposit the check, they won't ask for it back. Check the declaration page of the policy, see if you have UMPD coverage. If you do, that would be the reason they gave you the check for $500.00. That said, when you purchase BIPD coverage, always purchase UM and UMPD. UMPD means you don't have to pay a dedutable if you are hit by a driver without insurance.

MarJoe · Answer

Take the money it's yours. they got the her to admit it.

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deductible question?

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