Forum Overview :: Tansin A. Darcos's Alter Ego
 
Here's why you don't subrogate auto insurance claims by Commander Tansin A. Darcos 10/19/2014, 7:20pm PDT
If you use your own insurance company to collect on your insurance, it's considered a claim on your policy, which means your rates can go up, even if it costs your insurer nothing because they collect from someone else. So in the case of auto insurance people generally do not use subrogation.

In the case of business insurance, subrogation is very common. Because in many cases your company might have six, seven, eight different policies, possibly from three or four insurers, covering different types of perils. Fire Insurance, Earthquake, Flood, Auto (which has at least three different types of coverage), general liability, glass, casualty, boiler, and now terrorist attack (most insurers specifically excluded terrorist incidents for all policies written starting on September 12, 2001.) So you'd contact your insurance broker with whom you do the most business, who probably files the claim with whoever you are paying the most to or whose policy is closest to your loss, especially if they're not sure which it is covered by. Presumably the broker knows what policies you have and if your loss involves multiple policies (an earthquake causes a fire, which sets off the sprinklers causing water damage, or did the fire happen before the earthquake, or did the earthquake break the water pipe, causing the flooding and the fire which was put out by the water?)

I've been in ten auto accidents in the thirty-five years I've been licensed to drive, four where I either didn't have insurance and paid the damages out of my own pocket, or just paid it so my insurance didn't raise my rates, two where I was at fault, and the rest where someone else was. In no case where I was the victim of an accident did I ever file a claim with my own insurance company. (I do notify my insurer in case I have to use my uninsured motorist coverage.) And I had one incident where the person I ran into informed me that they could file it with their insurance, but it would count on their record and their rates would go up.

In any event, even if they were stupid enough to use subrogation and risk having their rates increased, the insurance company which insured the guy who hit you still has to pay (in this case, your insurer) what the vehicle is worth or reasonable replacement value, not merely depreciated value, so there is no reason for your insurance company to be reducing your claim in the first place on a subrogation case.
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Liberty Mutual's very slick bait-and-switch by Commander Tansin A. Darcos 10/19/2014, 5:22pm PDT NEW
    Google the term "subrogation." NT by HOW DOES INSURANCE WORK 10/19/2014, 5:56pm PDT NEW
    Here's why you don't subrogate auto insurance claims by Commander Tansin A. Darcos 10/19/2014, 7:20pm PDT NEW
        10 in 35? by wait wait wait 10/25/2014, 7:07pm PDT NEW
            You never had car insurance? (Was: 10 in 35?) by Commander Tansin A. Darcos 11/09/2014, 1:14pm PST NEW
    "We provide gap insurance" such a bait and switch by Entropy Stew 10/19/2014, 7:44pm PDT NEW
        Entropy Stewn admits he's wong and knows he is by Commander Tansin A. Darcos 10/21/2014, 8:19am PDT NEW
            The bus to nowhere is not handicap accessible by Entropy Stew 10/21/2014, 2:17pm PDT NEW
                If not handicap accessible how would I be on it, asswipe? NT by Commander Tansin A. Darcos 10/23/2014, 7:39am PDT NEW
                    You were dragged into a seat by Time by Entropy Stew 10/23/2014, 8:44am PDT NEW
 
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