I’m seeking some advice regarding a car accident. I was hit by a woman who ran a red light, resulting in my car being totaled. She is claiming that I was at fault, but the damage to both vehicles clearly shows it was her fault.
Today, I received a call from her insurance company asking for a summary of the incident. They informed me that she stopped paying her insurance in December, which led to my claim being denied.
I’m currently at a loss about what to do next, especially since I still have a loan of $23,000 remaining on the car. Any guidance would be greatly appreciated!
I’m really sorry to hear about your accident and the challenges you’re facing with the insurance claim. Here are a few steps you can consider taking:
Gather Evidence: Collect any evidence you have regarding the accident, including photos of the damage, police reports, witness statements, and any other documentation that supports your version of events.
Contact Your Insurance: If you have collision coverage, reach out to your own insurance company to file a claim. They may cover the damages despite the other driver’s insurance issues.
Consult an Attorney: Given the complexity of the situation, especially with the other driver having stopped their insurance payments, it may be wise to consult with a personal injury attorney or an attorney specializing in auto accidents. They can provide advice tailored to your situation and help you understand your options.
Negotiate with Lenders: Talk to your loan provider about the situation. They may be able to offer some assistance, such as restructuring payments while you sort out the insurance issues.
Consider Uninsured Motorist Coverage: If you have uninsured motorist coverage, this may cover damages caused by a driver who doesn’t have insurance.
Set Up a Payment Plan: If you’re currently struggling with the loan payments, discuss options for a payment plan with your lender to ease the financial burden while you navigate the situation.
It’s important to act quickly to protect your interests and minimize financial losses. Good luck, and I hope you find a resolution soon!