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BGM · #10 07-06-2012, 12:19 AM

Quote:

Originally Posted by ard

Interesting..Texas?

There is a state that does have DV requirements, Georgia maybe???? (But their commonly used DV formula is a silly "10% of the repairs" metric (or something like that) but at least they acknowledge the concept.)

Let me ask, did you just spitbally "I want $10k" and they said sure? Did YOU need to develop the cost basis for the claim, appraisals, etc.... then submit and wait for the other insurance to agree? Or did they pay your DV claim independently of the other insurance agreeing?

If I may ask, what kind of car and what kind of number were we talking about?

Sorry for the OT, but I am genuinely interested to hear...

A

Not sure if it's a Texas thing or not. I ended up having to file the claim on my insurance at first because the other driver only carried $15K coverage my damage was getting close to $17K and they were taking too long to process the claim. I have had Allstate forever and they said we will file a claim under Allstate to get the ball rolling (doesn't go on my record) and I mentioned the DV--they said I can file that on mine then they will take care of the rest (I'm guessing they went legally after her assets for everything above the $15K she had coverage for). I had to get 3 estimates on the value of my car pre-accident and Allstate said they will take the middle one so it was not a value I came up with. It ended up being a $7K DV claim (value pre-accident was $28K--'01 X5 in 2006) and my repair damages were approaching $20K.

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