What happens when insurance companies battle?
I recently got my claim denied from the insurance company that covers the man who hit my vehicle. I filed a claim today with my insurance company and they determined that the man was, indeed, at fault. My claim adjuster said that the next step was for the insurance companies to battle it out. I was just wondering what happens when 2 insurance companies battle it out and what happens afterwards.
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Answer by Autoinspector
No matter what two insurance companies do - we always lose.
Your insurance company MUST pay your claim, and take care of their differences with the other outfit afterwards. In this case, you will lose your deductible because when the other party pays, they pay in full. The question is: is the other guy's company in agreement that it was his fault? If so, file a complaint with your state insurance commissioner. They are crooks, and take bribes - directly or indirectly - from the insurance companies but most certainly don't want any noise. Plus, if nobody was injured, this is peanuts, and they'd rather pay the claim.
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