Insurance help question

[Slava]

Originally Posted by undercoverbrother

wrong

explain how that is wrong? If I hit your car and damage you, the car and items in the car and am negligent for everything else, how would I now avoid liability for the piece of machinery? Its pretty basic tort law actually, that I'm sure any lawyer on the board could back up for me.

[Hockeyguy15]

Originally Posted by GoinAllTheWay

But the stereo was covered though, right? CD's I'm a little surprised although they likely weren't worth claiming and the laptop would certainly be a no go.

Yep, I said in my original post the stereo was covered.

I find it funny (not in a sarcastic way) that you can't claim items in the car under the car insurance. You mentioned that normal items to be kept in a car are usually covered, but yet when you go shopping and have dinner after class and you leave your back pack with a laptop in the trunk that is not "normal".

I know my buddy also left his hockey gear in his trunk after our game, and we stopped into Moose Maguires for a couple beers and when we came out his car had been broken into...Again couldn't claim under car insurance. Insurance companies .

Anyway I am off topic so don't mind me.

[undercoverbrother]

Originally Posted by Slava

explain how that is wrong? If I hit your car and damage you, the car and items in the car and am negligent for everything else, how would I now avoid liability for the piece of machinery? Its pretty basic tort law actually, that I'm sure any lawyer on the board could back up for me.

Originally Posted by Canehdianman

Slava's point is that if puckluck2's car was hit by someone whom he has the insurance information for, it would be that individual's insurance that would be paying for the replacement of the $1000 machine.

They don't owe him the replacement of the $1000 machine. They owe him the Actual Cash Value of the machine.


If the lifespan of the machine is accepted as 20 yrs, and it is 10 years old they would only owe him $500, or if the machine is marketable, they would owe him what other machine of like kind and quality are worth.

His policy, depending on what coverage he bought, would pay the replacement cost of the machine ($1000), but only if he bought a new machine.

So again, please provide examples of

Bad Advice

[undercoverbrother]

Originally Posted by Hockeyguy15

Yep, I said in my original post the stereo was covered.

I find it funny (not in a sarcastic way) that you can't claim items in the car under the car insurance. You mentioned that normal items to be kept in a car are usually covered, but yet when you go shopping and have dinner after class and you leave your back pack with a laptop in the trunk that is not "normal".

I know my buddy also left his hockey gear in his trunk after our game, and we stopped into Moose Maguires for a couple beers and when we came out his car had been broken into...Again couldn't claim under car insurance. Insurance companies .

Anyway I am off topic so don't mind me.

I think he is wrong. Although, I think car seats are covered.

[Slava]

Originally Posted by undercoverbrother

If the equipment was not a part of the vehicle, ie: bolted to the truck, then no.

You vehicle insurance covers the vehicle, not the contents of the vehicle. Because the equipment was not bolted, it is not part of the truck. This can get a bit different when dealing with large equipment, but I assume such is not the case for you.

Your adjuster is correct.

That entire sentence could be wrong. My point isn't that this would be covered under his own auto policy, but that the other party might have to pay if they're negligent.

Originally Posted by undercoverbrother

They don't owe him the replacement of the $1000 machine. They owe him the Actual Cash Value of the machine.


If the lifespan of the machine is accepted as 20 yrs, and it is 10 years old they would only owe him $500, or if the machine is marketable, they would owe him what other machine of like kind and quality are worth.

His policy, depending on what coverage he bought, would pay the replacement cost of the machine ($1000), but only if he bought a new machine.

So again, please provide examples of

Who's arguing about the value of this object? I don't even know what the thing is. At this point you're just being show to be wrong and now adding in other potential factors. Bottom line there are people indicating that this wouldn't be covered, and frankly that isn't necessarily the case.

[undercoverbrother]

Originally Posted by Slava

Who's arguing about the value of this object? I don't even know what the thing is. At this point you're just being show to be wrong and now adding in other potential factors. .

No I am not wrong. He specifically used the term "replacement" in the case of the insurance is a specific term, and he used it incorrectly.

Bottom line there are people indicating that this wouldn't be covered, and frankly that isn't necessarily the case

Not covered by what/who?

That entire sentence could be wrong. My point isn't that this would be covered under his own auto policy, but that the other party might have to pay if they're negligent.

Really how so?

[Slava]

Originally Posted by undercoverbrother

No I am not wrong. He specifically used the term "replacement" in the case of the insurance is a specific term, and he used it incorrectly.



Not covered by what/who?




Really how so?

Good lord

A guy asks if this would be covered.

People say no.

It might well be covered.

I have no idea how much more blunt I can be in pointing out the potential bad advice.

[GoinAllTheWay]

Originally Posted by Hockeyguy15

Yep, I said in my original post the stereo was covered.

I find it funny (not in a sarcastic way) that you can't claim items in the car under the car insurance. You mentioned that normal items to be kept in a car are usually covered, but yet when you go shopping and have dinner after class and you leave your back pack with a laptop in the trunk that is not "normal".

I know my buddy also left his hockey gear in his trunk after our game, and we stopped into Moose Maguires for a couple beers and when we came out his car had been broken into...Again couldn't claim under car insurance. Insurance companies .

Anyway I am off topic so don't mind me.

Ok...let me rephrase that. Items that would normally be kept in a vehicle as those items were purchased FOR the vehicle. Yes, people usually have a ton of crap in their cars but a prudent person would not keep them there. That's begging for a problem. Anyone who leaves golf clubs, laptops, cell phones etc...just lying around in their car are asking for a problem. That's just silly and preventable.

However, items purchased FOR the vehicle and are normally left in the vehicles and runs off the vehicles power supply (Windshield mounted GPS, radar/laser detector/spare tires/vehicle spare parts/sattelite radio) ARE covered under auto policies.

Again....there isn't much that qualifies but there are things you CAN claim under car insurance.

[undercoverbrother]

Originally Posted by Slava

Good lord

A guy asks if this would be covered.

People say no.

It might well be covered.

I have no idea how much more blunt I can be in pointing out the potential bad advice.

two eye rolls my position is stronger.

You don't know what you are talking about. FACT.

[HOOT]

Originally Posted by undercoverbrother

You don't know what you are talking about. FACT.

Do you work in insurance?

[undercoverbrother]

Originally Posted by HOOT

Do you work in insurance?

Does he?

[undercoverbrother]

Originally Posted by GoinAllTheWay

Ok...let me rephrase that. Items that would normally be kept in a vehicle as those items were purchased FOR the vehicle. Yes, people usually have a ton of crap in their cars but a prudent person would not keep them there. That's begging for a problem. Anyone who leaves golf clubs, laptops, cell phones etc...just lying around in their car are asking for a problem. That's just silly and preventable.

However, items purchased FOR the vehicle and are normally left in the vehicles and runs off the vehicles power supply (Windshield mounted GPS, radar/laser detector/spare tires/vehicle spare parts/sattelite radio) ARE covered under auto policies.

Again....there isn't much that qualifies but there are things you CAN claim under car insurance.

It often depends on if they are hard wired in the vehicle.

[Slava]

Originally Posted by undercoverbrother

two eye rolls my position is stronger.

You don't know what you are talking about. FACT.

This is hilarious. I don't work in insurance anymore, but as a matter of fact I used to handle large liability losses for a couple of insurers and have a couple of insurance designations to back my position up (aside from the obvious common sense of tort law that you seemingly want to ignore here).

So, lets hear it. What have you got to back up your claims?

[HOOT]

Originally Posted by undercoverbrother

Does he?

Good deflection. Should I take that as a no?

[undercoverbrother]

Originally Posted by Slava

This is hilarious. I don't work in insurance anymore, but as a matter of fact I used to handle large liability losses for a couple of insurers and have a couple of insurance designations to back my position up (aside from the obvious common sense of tort law that you seemingly want to ignore here).

So, lets hear it. What have you got to back up your claims?

Near 20 years of experience

[Slava]

Originally Posted by undercoverbrother

Near 20 years of experience, and if you could see that his post about the replacement of the item was wrong it makes sense that you no longer work in the industry.

which side of the business?

you need to re-read the first post. He clearly asks about coverage, not about whether the item would be replaced. You can argue semantics and talk about replacement cost vs. ACV all you want. The reality is that you are just wrong here. You want to bring in semantics and twist things. Its a simple question that he asked: would this be covered. Its a simpler answer: potentially yes.

[HOOT]

Originally Posted by undercoverbrother

Near 20 years of experience

20 years of experience and you can't see how this might be covered by the auto insurance in the end?

You basically answer it when you replied to someone else.

Originally Posted by undercoverbrother

It often depends on if they are hard wired in the vehicle.

Insurance is not black and white no matter how much the insurance companies want you to believe it. There is so much grey in the wordings it can be frightening.

So with your vast experience who pays in the end if this drunk driver were to say drive into his house and break that exact same machine?

[undercoverbrother]

Originally Posted by Slava

which side of the business?

you need to re-read the first post. He clearly asks about coverage, not about whether the item would be replaced. You can argue semantics and talk about replacement cost vs. ACV all you want. The reality is that you are just wrong here. You want to bring in semantics and twist things. Its a simple question that he asked: would this be covered. Its a simpler answer: potentially yes.

Slava, I re-read his post.

I read it as "my adjuster", it might be "their adjuster".

If the adjuster is working for the drunk #######'s insurer, she is doing him a favour by telling to go through his home insurance.

PS: edited my post, to take out the ####### comment.

[onetwo_threefour]

I agree with Slava's overall point, which is that the offending Driver's insurance should provide coverage potentially up to and including replacement of the machine. Full replacement value might only be available if the machine was brand new or there was effectively no used market for the machine the because it is unique in some fashion.

Semantically, undercoverbtrother has a point and the OP's post wasn't clear if he's dealing with his own insurance company or the drunk driver's.

I wouldn't say that the advice given was necssarily bad, but 'incomplete' would ertainly be appropriate

The drunk driver's liability for property damage and coverage for same extends beyond other vehicles.

[undercoverbrother]

Originally Posted by HOOT

20 years of experience and you can't see how this might be covered by the auto insurance in the end?

You basically answer it when you replied to someone else.



Insurance is not black and white no matter how much the insurance companies want you to believe it. There is so much grey in the wordings it can be frightening.

So with your vast experience who pays in the end if this drunk driver were to say drive into his house and break that exact same machine?

Are you drunk?

I read the OP as being "his adjuster". If it is his adjuster the machine would no be covered by his auto policy.


What is your experience? Please fill me in on your years of policy/coverage review.