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Jordan Said:

I was involved in an insurance accident January 18th. Could someone that has actual experience help me?

We Answered:

This is what I tell my insures when they are asked to come up with a figure. Talk to you doctors and find out how long they are expecting until you are "made whole" if you ever will be. Find out how many more Dr. Appointments they are expecting and how much they think that will cost. Round up (ex $272 = $300. Then make the following list

Current Dr Bills _____________
Current lost wages __________ (include your hourly wage for the time you were at the doctor, whether it was after work hours or on your lunch.)
Current Medications _________(not taken before)
Future Dr Bills ______________
Future Lost Wages __________
Future Meds _______________
Transportation cost to and from appointments ______ (future and current)

Now, if you were able to return to your job at your previous position, salary and hours, great. If not, find out from the doctor if and when you should be able to. If you are unable to... like if your back gets hurt and you can't do construction, so you have to go to school to get training on another job, then include the price of training and the wage difference between your old job and your new one. Always round up. If you propose your settlement like this, then the insurance companies are less likely to fight you on this. It's the people that come back with $500,000 for pain and suffering that the insurance companies laugh at. The auto repair should have been in a seperate settlement. I have seen a lot of commercials on how much people received with an attorney, but what they don't tell you is what the insurance company proposed first and what they ended up making in the end. Usually it is less. If you make up the list, and they are not willing to settle for the amount, then consider an attorney. If the insurance company lets you know that his BI coverage limit is less than you are asking for, then you will have to turn it in to your own insurance company and have them go after the driver.

Sandra Said:

Will a person lose their SSI benefits & medicare by getting an Automobile Accident Insurance settlement?

We Answered:

No. Those benefits are based on the disability, not the income or assets. The settlement will have no bearing.

Patricia Said:

My car got totalled in an accident, insurance company wants to buy it. How much will they pay me?

We Answered:

Most insurance companies use NADA to detmine the RETAIL value of your car, not Kelley Blue Book. This is because NADA is based on the actual selling prices of vehs, KBB is based on the ASKING prices of dealers for the same veh. KBB will therefore show a higher "value" for your veh. The value will take into account mileage on the veh, and the insurance company may adjust for prior dmg/condition. Most companies will give you more the veh if you have recently put in a new engine, transmission, or possible new paint job on entire veh. (You will need receipts for the same--and you will only recoup part of the cost of the refurbishments.)

Also, the insurace company will take into account the salvage value of your veh--what a salvage yard would buy it for for parts--in deciding if the veh it totaled or not. They will calculate how much repairs are vs the "book" value (less salv value). You may be able to keep the veh (if you want, and depending on the laws in your state) & pay the add'l to have it repaired, but keep in mind that estimates may not include any "hidden" dmg to your veh, and the cost to repair may be higher than what's on the estimate. Also, the ins co would also reduce what they pay you by the salvage value if you keep the car, as the ins co would not be able to recoup the salvage amt by selling the car--you would be able to.

The ins co will also ck to see if your veh previously had a salvage title issued on your veh--if it has, your settlement will be reduced...(and you got taken when you bought it...)

You should not have a deductible taken from the settlement either if the other company is paying for the dmgs...

Pls feel free to contact me personally if you would like further info...I am an auto claims adjuster for one of the top national insurance companies in the US.

Morris Said:

Is Global Life and Accident Insurance Company a legit company for life insurance?

We Answered:

If you are looking for cheap you found the company cheap and crappy. It is like a skydiver purchasing and having his parachute packed by a wal mart greeter. Might be ok for a short time but is not a way you want to protect your family or to keep testing your luck. Your family not worth an extra $10 for a great company?

Danny Said:

Has anyone trained with American General Life and Accident Insurance?

We Answered:

A friend trained there and is still friends with the nice people she met at training. She did not quit. She likes it. It is a sales job so the income fluctuates..