Involved in accident, at-fault party's insurance couldn't pay for all
January 3, 2014 11:54 AM Subscribe
Involved in a four-car accident, at-fault party's insurance couldn't cover all the property damages. Now what?
posted by Carius to Work & Money (10 answers total) 2 users marked this as a favorite
I was involved in a four-cars accident couple weeks ago. I need some guidance on how to proceed with claim.
I stopped in the traffic when a distracted driver rear-ended into a white van, which caused the white van to rear-ended into my car. The momentum of the impact also caused my car to hit a blue van in front of me. There were heavy damage to the white van, moderate damage to my car, and light damage to the blue van. I was uninjured and my car is still drivable. The police report determined the distracted driver was at fault and a citation was issued.
I have a very good comprehensive coverage with GEICO, which included both collision and under/uninsured motorist coverage. However, I have a $1000 deductible. I just moved to a new state, there are no geico agents within 100 miles radius that I could consult with. I called Allstate, which is at-fault party's insurance, they suggested that I file a collision claim with GEICO and pay the $1000 deductible while the insurance companies sort out the settlement. Allstate also notify me that there weren't enough coverage with at-fault party's insurance to pay for all damage claims.
Is that the best way to proceed: pay the $1000 deductible and hope GEICO will be able to recover my loss for me? I will be able to pay the $1000 out of pocket.