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UPDATED: Jul 12, 2010
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Insurance Question from Baldwin, NY
Asked on 07/12/2010
Claim question My car was reported stolen - however, it was discovered it was really involved in an automobile accident while parked and towed to a repair shop. My insurance company wants to leave the claim as a stolen car rather than make the other driver responsbile for the repairs - why would I leave it as a stolen car and not file a claim with the other insurance carrier???
Answer given on July 13, 2010
You do have the option of going after the other driver’s insurance. However, you will have to work directly with them. They may not be as cooperative in settling and sometimes it takes longer to resolve the claim. I’m not sure why your insurance company wants to settle under the stolen car claim, but they may plan to go after the other insurance company after they settle the damages with you. You should talk to your insurance agent and the adjuster so you can understand why they are taking this approach. It is usually easier to work with your own insurance company rather than the other party’s insurance. Either way, your rates will not be affected since the loss is in no way your responsibility.
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