By Anonymous - 06/12/2010 14:51 - Canada
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there could be a couple things wrong here- the foremost could be that he didnt have insurance and in that case, no sympathy here. Or he didn't have full insurance and only liability which is a stupid choice to make with a brand new car. Or what I am thinking happened here was that he had full insurance but his insurance agent hadn't checked put the car yet- in that case if something happens (and even though you still have insurance) then insurance doesn't pay for it. that frame is really short though- 1-3 days in most cases.
Insurance can cover a new one? My friend got hit by a semi and her insurance covered everything, including a new car. Unless you don't have insurance.
Not everyone who doesn't have full coverage is an idiot. I, for example, was told by my insurance company when I first purchased my new car that I was purchasing full coverage insurance, as required, from them that would cover liability for my car and for any other drivers in case I got in an accident that was my fault. What they didn't happen to mention was that this "full coverage" didn't count if an uninsured driver hit me, which is ridiculous since they said my policy would cover everything in the beginning. I'm still trying to discuss this with them, but the guy who I got the insurance from was fired. Perhaps OP is in a similar situation?
In Quebec, it used to be the "guilty" driver's insurances to pay for damages. But now, they found a new way to make money, it's your own insurance that pays for the damages caused by someone else, and they sue that person's insurances afterward. By doing so, they can raise our insurance fees every time...
False, in Quebec, your insurance cie will pay the damages to your car no matter which driver is at fault, but they will NOT sue the at fault driver's insurance cie. Insurance cies just found out they owed each other almost the same amount of money in the end plus they had to pay big lawyer salaries. So they cut the court fees and just pay for their own insureds. But you are free to think that 200 cies in a free competition market are all working together to milk you and that none of them have ever think to low the prices to gain market share! You deserve it for the OP because in Quebec we got insurance coverage at probably the lowest price in North America. Next time you'll know
Yeah, insurance should cover it, they should give you money for another car in the amount of what your car was worth before the accident. And if you don't have insurance, YDI.
If you can't afford insurance, you can't afford to be driving period. It's not fair to expect other drivers on the road to foot the cost. Since the OP said the car was a month old, if they can't afford insurance, they shouldn't have bought a new car. I'm not saying they didn't have any insurance, but if they had gotten the insurance most new car owner's pay for, this wouldn't be happening.
For the whole story, It was a personal loan, therefore i was not required to have full insurance and was only covered if i hit someone. I am a student and therefore was trying to save some money. Although the car was not of the year I only had the car for one month but still paid 10,000$ for it.
Liability ins won't buy you a new car. but like I said "IF" the car is "Paid" for Liability ins is all your legally obligated to buy. Additional insurances is pure preference based on your affordability, value of the car, and I guess how good a driver you think you are and how much loss you can absorb if you are involved in a wreck.