Joined: Sat Dec 10 2005, 04:28PM
Location: United States
Posts: 4954
See here's the catch Bill.
Not only do I NOT have to sign it, I refuse to agree to the terms and conditions included. If I sign that, I can't go back for any hidden damage. They are also implying I am stealing the money form them. THAT! I take a major exception too.
They have to pay me, they have presented no reason why I have to sign it except to get my check.
If I get a chance tomorrow, I am going to call the insurance commission again. Going to railroad it right up their butts.
BTW, on one of the forums this is posted on, someone from another insurance company commented he would have paid this long ago. Apparently that is what he does for them.
Joined: Tue Oct 11 2005, 01:33AM
Location: Calgary, Alberta
Posts: 5893
I agree, I'm just very surprised that in this age of "Sue the SOB" any insurance company would even consider paying out a claim without some assurance that the deal closed. It means the phrase "paid in full" must have been amended to "paid in full - we hope".
But I really don't understand why they'd waste a bunch of time dicking around for $3,900.
It is interesting that J.D. Power's rating insurance companies placed AIG dead last even though AIG was listed as being the largest in the world by market value. More curious, AIG's response, "auto insurance business composes a small part of the company".
Not much of a reason to run last, but it does explain a lot of their attitude. They obviously couldn't care less about this small division and are most likely refusing most claims in preparation of a closing of that part of their business. The reason, they have been obligated by state regulators to take on many clients who had a higher risk of accidents. That also explains the release form.
My bet is AIG will refuse to write any new auto insurance soon.
several years ago a neighbor of ours was involved in a car accident, and his son was severely injured (two years old at the time IIRC) basically had shaken baby type injuries . The cut rate insurance co. within 24 hours was notifying all Ohio customers that they were out of the insurance business in Ohio! They never paid one cent and there was nothing the guy could do even the state said that there was nothing illegal about that since they had ended all business in Ohio! Insurance co do all they can to hold you out so you will settle on their terms or at least for something less than what you want. I also had an acquaintance that had a 70 coronet 440 4dr get pulled out in front of by an old lady in a caddy he got $750 for a 34k nearly perfect car at that time the front clip was worth about $1000. !nope !nope !nope !nope
Joined: Fri Nov 18 2005, 12:40AM
Location: Indiana
Posts: 105
Insurance companys are hard to figure out. My 69 Sport Fury got hit by a very elderly gentleman in the left front fender in a parking lot. I was stopped behind him waiting on another car that was backing out. He backed out very slowly but did not see my BIG FURY or HEAR MY HORN. Progressive was at my place the next day and gave me a check for $100 more than I quoted. Fender only had a small dent and my friend estimated $300 and I qot $400. I was not asked to sign a release form either. At that time, the car was in rough condition. If the car had been totaled, I probably would have been offered $200. Go Figure. Polaraco's car probably will not have any hidden damage from what I see in the pics. They like to make you feel like a crook for taking their money.
Joined: Sun Feb 05 2006, 11:51PM
Location: Pa
Posts: 3064
The Saratoga has a ripped framerail where that massive bumper bolts on.....and possible bent framerail. The Insurance Co. wants to squeek outta this by having Steve sign a waiver stating he won't hit them for hidden damages. As he said, this is against the NJ rules.
On the issue of hidden damages. Are you planning on fixing it, or just pocketing the money?
My Fury had hidden things that came up. But since we were fixing it immediately, every time something new was found we called them and they came out and cut an additional check. The case wasn't closed till I told them I was happy with the repairs.
This could be the difference between states, companies or agents. I don't know. But they cut 4 checks total. The first 2 to the shop and the last 2 directly to me.
Maybe I didn't catch it, but is AIG the other guys company or yours? In my case my company handled everything and then went and sued American Family. American Family wouldn't even talk to me on the phone. In the end my company recovered everything but my $250 deductible, but the shop went ahead and ate that for me.
Joined: Sat Dec 10 2005, 04:28PM
Location: United States
Posts: 4954
Fix it.
I've had the parts for almost a year
AIG is the trucking companies insurance. I didn't have a chance to get the insurance on the car. It was back less then a month before it got hit. It sat on the trailer for 3 weeks before we took it off. I can't insure it now because JC wants it fixed. Once it's fixed, then I will off the car.
Full set of wheel covers is in the trunk BTW. Car is only missing a few little pieces.
<span class='smallblacktext'>[ Edited Thu Nov 01 2007, 04:57PM ]</span>
Joined: Sat Dec 10 2005, 04:28PM
Location: United States
Posts: 4954
Now here's the good news!
2 1/2 months ago, Polaraco and the Saratoge got over spray all over them. The Polaraco was $1163.00 and there was no estimate on the Saratoga.
I had Polaraco cleaned already and the Saratoga paint is just a mess for other reasons now. NEW PAINT JOB too. Paint wasn't dry when it go hit!
I didn't ask for money on the Saratoga, it was partially covered when the over spray incident happened. THey are also paying $600.00 for that to be cleaned! Infact, they mailed a check, but to the wrong address! No releases on either car, just send the guy 1763.00. The fact there were 30 cars involved helped. . .
Joined: Sat Dec 10 2005, 04:28PM
Location: United States
Posts: 4954
This is what they are demanding me to sign. I obviously totally disagree with any of it. Reason for not signing. They are treating this like it's a bogus claim. ***********************************************************
Date: 05/01/2007 Claim: 683-
PROPERTY DAMAGE RELEASE
KNOW ALL MEN BY THESE PRESENTS:
That Steven Hobby being of lawful age, for the sole consideration of Three Thousand Nine Hundred Sixteen Dollars and Twenty-Five Cents (3,916.25)to the undersigned in hand paid, receipt whereof is hereby acknowledged, does hereby and for my heirs, executors, administrators, successors and assigns, release, acquit and forever discharge M J Express, Marius Rudokas, Insurance Co of the State of PA and AIG the Truck Insurance Group, and their agents, servant, successors, heirs, executors, administrators and all other persons, firms, corporations, associations or partnerships of and from any and all claims, actions, causes of action, demands, rights, damages, costs, loss of service, expenses and compensation whatsoever, which the undersigned now has/have or which may hereafter accrue on account of or in any way growing out of any and all known and unknown, foreseen and unforeseen property damage and the consequences thereof resulting or to result from the accident, casualty or event which occurred on or about the 28th day of July 2006 at or near Rockaway, NJ.
It is understood and agreed that this settlement is the compromise of a doubtful and disputed claim, and that the payment made if not to be construed and an admission of liability on the part of the party or parties hereby released, and that said releases deny liability therefore and intend merely to avoid litigation and buy their peace.
The undersigned further declares and represents that no promise, inducement or agreement not herein expressed has been made to the undersigned, and that this Release contains the entire agreement between the parties hereto, and that the terms of this Release are contractual and not a mere recital.
THE UNDERSIGNED HAS READ THE FOREGOING RELEASE AND FULLY UNDERSTANDS IT.